Thursday, July 25, 2024

Asia News

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. It shares the continental landmass of Eurasia with the continent of Europe and the continental landmass of Afro-Eurasia with both Europe and Africa.

Indonesia to Freeze Interest Rate This Month

Indonesia central bank (BI), which raised interest rate last month, decided to freeze it this month. According to reports on the 23rd (local time), BI held a monetary policy meeting and announced that it would maintain the 7-day reverse redemption...

Alibaba Reported its Market Cap Decreased

The market capitalization of Alibaba, China's largest e-commerce company that operates AliExpress and Taobao, has reportedly decreased to about half of Tencent, a rival information technology (IT) company, amid slowing domestic demand and intensifying competition. Bloomberg reported on the 18th...

FDI in China Fell 9.4% This Year

Local media, including state-run news agency Xinhua, reported on the 18th that foreign direct investment (FDI) in China this year fell 9.4% from last year. According to data released by China's Ministry of Commerce the previous day, FDI to China...

Global Oil Demand to Rise This Year

China's oil demand reached a record high in September, and global oil demand will rise more than expected this year, the International Energy Agency (IEA) predicted on the 14th (local time). The IEA in Paris, France, said in its November...

Country Garden Officially Falls into Deffault

Chinese real estate developer Country Garden, which had been suffering from severe financial difficulties, failed to pay bond interest on the 25th and fell into default, drawing attention to the impact on the Chinese economy. Considering that the real estate...

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