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China’s central bank asks state lenders to reduce dollar purchases: sources
[ad_1] [BEIJING] China’s central bank will not allow sharp renminbi declines and has asked major state-owned banks to reduce US dollar purchases, people with direct knowledge of the matter said...
RBI cuts rates, changes stance to ‘accommodative’ as US tariffs add to growth risks
[ad_1] [MUMBAI] The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday (Apr 9) for a second consecutive time and changed its monetary policy stance signalling room...
Tariff woes spark S-Reits sell-off on Wednesday
[ad_1] [SINGAPORE] Singapore-listed real estate investment trusts, or S-Reits, slumped on Wednesday (Apr 9) afternoon, with almost all counters in the red. Among the biggest losers were industrial S-Reits. Mapletree...
Asia’s trade-sensitive currencies whipsaw amid tariff turmoil
[ad_1] [MELBOURNE/SEOUL] Asia’s trade-sensitive currencies swung around multiyear lows as the region reels from US President Donald Trump’s tariff policies that risk pushing the global economy into recession. The Bloomberg...
RBNZ delivers fifth straight rate cut, signals more to come
[ad_1] The Monetary Policy Committee is now chaired by governor Christian Hawkesby, who has taken the role on an interim basis following the shock resignation of Adrian Orr last month[WELLINGTON]...
Malaysia central bank to look beyond interest rates amid tariff challenges
[ad_1] [KUALA LUMPUR] Malaysia’s central bank is looking beyond monetary policy to weather the fallout from US President Donald Trump’s duties, arguing that the country is entering the tariff disputes...
Singapore’s STI stumbles over 2% as Trump’s 104% tariff hit on China kicks in
[ad_1] [SINGAPORE] Singapore stocks slid further on Wednesday (Apr 9) following this week’s rout, with US President Donald Trump’s reciprocal tariffs officially put in place. The tariffs, which include a...
Gold eases as Treasury yields climb; trade war in focus
[ad_1] [BENGALURU] Gold prices eased on Wednesday (Apr 9) as US Treasury yields ticked higher, while anxious investors monitored the escalating trade war between the US and its key trading...
Sembcorp enters JV with Bharat Petroleum for renewable energy projects
[ad_1] The partnership will support state-owned Bharat Petroleum’s ambitions to achieve net-zero Scope 1 and 2 emissions by 2040 [SINGAPORE] Sembcorp Green Hydrogen India, a wholly owned subsidiary of Sembcorp Industries,...
China’s EV boom masks economic pain for major auto hubs
[ad_1] [HONG KONG] China’s world-beating electric vehicle (EV) boom is masking lopsided economic gains, with manufacturing hubs that rely on foreign carmakers falling behind cities that are home to hugely...
