From tanks to drones: South Korea’s defense firms face a new battlefield test
South Korean defense stocks rode a wave of global rearmament over the past two years.Russia’s invasion of Ukraine accelerated military...
Asia Economy
Australia hikes rates to 18-year high to fight inflation
Australia's central bank raised its benchmark cash rate by 25 basis points to 4.85% on Tuesday, the highest level since...
South Korea targets 'world's highest performance' sovereign AI model in record new budget
South Korean President Lee Jae Myung unveiled the country's largest ever budget on Monday, pledging to "boldly invest in AI...
Japan core inflation in September surges to its highest this year at 2.1%
Japan's core inflation in September hit its highest this year at 2.1%, overshooting analysts' expectations, pressured by steeper import costs...
Japan exports post huge miss in September as growth slows to 16.7%
IBARAKI, JAPAN - JUNE 17: Technicians at work in the clean room of the Fab Equipment at a semiconductor company,...
India’s Finance Minister blames easy exits and excess liquidity for equity market's underperformance
Nirmala Sitharaman, India's finance minister, during the International Monetary Fund (IMF) and World Bank annual meetings in Bangkok, Thailand, on...
U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says
BANGKOK – U.S. officials pressed Beijing on market access issues for Mastercard Inc and Citigroup Inc during at least two...
Fed's Warsh withholds Fed rate signal, praises recent global tightening with 'no free riders'
BANGKOK — Federal Reserve Chairman Kevin Warsh refrained from signaling whether there will be another interest rate hike again this...
Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India
Meta- and Google-backed Jio Platforms, India's largest telecom operator, is looking to raise up to 302 billion rupees ($3.2 billion)...
'Godzilla El Niño' is wreaking havoc with Philippine central bank's inflation forecasts
Eli Remolona, governor of the Bangko Sentral ng Pilipinas, during the International Monetary Fund (IMF) and World Bank Spring meetings...
Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
U.S. President Donald Trump said Tuesday that Taiwan had agreed to buy 30% of the gas from a proposed liquefied...
IMF warns bond yields could see a 'disorderly' spike as debt, inflation risks worsen
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New...
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
A motorcycle rides past a banner ahead of the annual meetings of the International Monetary Fund (IMF) and the World...
'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoil
SINGAPORE — Southeast Asia's biggest bank by assets is making a pitch to investors that Singapore and its businesses can...
India’s retail inflation jumps to 5.54% in September, above estimates
Shoppers gather at New Market in Kolkata, India, on September 21, 2026, ahead of the Durga Puja festival. Nurphoto |...
World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI ‘tsunami’
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering...
Why China is importing a record amount of gold — and what it means for prices
HANGZHOU, CHINA - OCTOBER 18: Gold bars are on display at a gold jewelry store on October 18, 2024 in...
'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls
WASHINGTON DC, UNITED STATES - FEBRUARY 13: Head of the Department of Government Efficiency (D.O.G.E.) and CEO of SpaceX, Tesla,...
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
NEW YORK, NEW YORK - SEPTEMBER 22: Kristalina Georgieva, managing director for the International Monetary Fund, speaks onstage during "Semafor:...
India’s central bank hikes rates for the first time since 2023 as inflation risks build
The Reserve Bank of India on Wednesday raised interest rates for the first time since 2023, joining several major central...
