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Monday, October 7, 2024

Asia

China’s central bank skips gold buying for second straight month: Ending 18-month streak

China's central bank (PBOC) has once again refrained from increasing its gold reserves in June, ending an 18-month buying spree that had pushed gold...

BYD acquires 20% stake in Thai distributor Rever Automotive

Bangkok, July 6, 2024 – Chinese automaker BYD is strengthening its position in the Thai market by acquiring a 20% stake in Rever Automotive,...

BYD Opens First Southeast Asia Plant in Thailand, Making the Country an EV Manufacturing Hub

Rayong, Thailand – July 4, 2024: Chinese automaker BYD has officially opened its first Southeast Asia plant in Rayong, Thailand. The $490 million facility...

Japan Faces Serious Foreign Worker Shortage: Economic Growth at Risk?

Tokyo, July 4 - Japan faces a critical shortage of foreign workers, essential for achieving the country's economic growth targets. According to the state-run...

South Korea Car Export in 2024: Record High Expected

Seoul, June 24, 2024 - According to forecasts by the Korea Automobile and Mobility Association (KAMA), South Korea's car exports are projected to...

Japan Trade Deficit Widens in April

Tokyo, May 23, 2024 (TASR) - Japan’s trade deficit widened in April as the value of imports exceeded that of exports, the Ministry of...

Bank of Japan keeps monetary policy unchanged, expects inflation to rise and moderate economic growth

Tokyo, April 26, 2024: The Bank of Japan (BoJ) kept its monetary policy unchanged today, leaving its key overnight interest rate in the -0.1%...

Asian stocks rise on strong US gains, Japan mixed on BOJ signals

Tokyo, April 26, 2024: The majority of Asian markets rose on Friday, with gains in Microsoft and Alphabet boosting technology stocks. Japanese stocks, however,...

Pakistan temporarily bans Twitter (now known as X) citing national security concerns

Karachi, Pakistan – April 19, 2024 – Pakistan's Ministry of Interior has announced a temporary ban on the social media platform Twitter (now known...

Industry: Toshiba to cut 5,000 jobs as part of restructuring

Tokyo, April 17, 2024 (TASR) - Japanese conglomerate Toshiba plans to cut 5,000 jobs, or about 10% of its domestic workforce, as part of...

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