China’s yuan extends slide, stock rebound peters out

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SHANGHAI: China’s yuan extended its decline on Tuesday (Oct 25) to a near 15-year low, following Monday’s sell-off in Chinese assets by global investors worried about Beijing’s policy direction, while Hong Kong and China stocks ended lower as a rebound petered out. The onshore yuan finished the domestic session atContinue Reading

Party Congress drives HK stocks to 13-year low

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Stock markets in Hong Kong and Shanghai fell sharply on Monday (October 24) as China’s new leadership was formed after the week-long 20th Communist Party National Congress closed on Saturday. The Hang Seng Index fell 1,030 points, or 6.36%, to 15,180, the lowest level in 13 years. Technology and property stocks fell by more than […]Continue Reading

New urban centers rise from pandemic’s ashes

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The Covid-19 pandemic radically changed our relationship with cities. This shouldn’t be news to anyone but the changes will have long-lasting effects on the global economy and, perhaps more important, the production of culture. In the West, cities are critical hubs of commerce and intellectual activity. From office space to corner restaurants, cities require a […]Continue Reading

Will they or won’t they? Japan uses guessing game to shore up yen

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TOKYO: Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing about their foreign exchange intervention rather than overt attempts to arrest the currency’s decline to multi-decade lows. The battered yen has whipsawed in recent weeks, which analysts and traders attribute to governmentContinue Reading

Silent Forests: Post-pandemic wildlife consumption threatens human and forest health

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In: South-East Asia

While hunting is a historic practice in Southeast Asia, rising commercial pressure and cheaper poaching methods are emptying forests faster than they can replenish, hurting human and forest health

The post Silent Forests: Post-pandemic wildlife consumption threatens human and forest health appeared first on Southeast Asia Globe.

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A turning point in German-Gulf ties?

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As Russia’s invasion of Ukraine complicates European energy security, many countries are being forced to scramble for new sources of oil and gas. For Germany, which imported 34% of its oil and 55% of its gas from Russia before the war, diversification has become existential. Topping the list of potential suppliers are nations of the Arab Gulf […]Continue Reading

China supply chain cut would cost Japan 10% of GDP

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TOKYO – On October 18, the top article on the front page of Japan’s leading business daily screamed that cutting off imports from China would cost Japan 53 trillion yen (US$353 billion) in lost production, or about 10% of annual gross domestic product (GDP). Meanwhile, the yen has depreciated by 31% against the US dollar […]Continue Reading