Chinese yuan trades flat against greenback after PBOC decision The Chinese yuan and offshore yuan traded flat against the greenback on Monday, after the People’s Bank of China stood pat on its key holding rates for July. As at 9.50 a.m. local time (9.50 p.m. ET Sunday), the offshore yuan had weakened by 0.02% against…
Japan’s core machinery orders fall 0.6% in May from the previous month Japan’s core machinery orders fell 0.6% in May from the previous month on a seasonally adjusted basis, according to data released by the country’s Cabinet Office on Monday. While that came in slightly better than the 1.5% contraction estimated by economists in a Reuters…
A teenage Australian surfer feared lost at sea was rescued Thursday after spending the night on an uninhabited island miles offshore, officials and local media said. The man, named in local media as 19-year-old Darcy Deefholts, reportedly went for a surf off a beach in Wooli, a coastal town 300 miles north of Sydney. He’d…
Copper falls on Trump’s impending 50% tariffs Copper wires at a recycling facility in Salt Lake City, Utah, US, on Thursday, May 8, 2025. Niki Chan Wylie | Bloomberg | Getty Images Copper prices slipped on Wednesday after U.S. President Donald Trump announced a 50% tariff on exports of the metal to the U.S. The three-month…
The Reserve Bank of Australia building in Sydney on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank held its policy rate at 3.85%, saying it needed more time to assess inflation data. Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6%. In its statement…
Jackal Pan | Moment | Getty Images Asia-Pacific markets mostly rose after U.S. President Donald Trump announced steep tariffs on 14 trading partners, including Japan and South Korea. Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted…
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets traded mixed on Monday after U.S. President Donald Trump confirmed that “reciprocal” tariffs, first announced in April, will take effect on Aug. 1 for countries that haven’t struck a deal. Treasury Secretary…
An arsonist set fire to the door of a Melbourne synagogue and forced the congregation to flee on Friday, seven months after criminals destroyed a synagogue in the same Australian city with an accelerant-fueled blaze that left a worshipper injured. A man doused the double front doors of the downtown East Melbourne Hebrew Congregation and…
The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Asia-Pacific markets traded mixed Friday after Wall Street gained on a better-than-expected jobs report eased investors’ concerns of a slowdown in the U.S. economy. Japan’s Nikkei 225 benchmark…
Germany’s defense sector is growing as increasing geopolitical tensions have led to a surge in orders. The value of German military exports hit 13.2 billion euros ($15.5 billion) last year, according to preliminary figures — more than double 2020’s 5.82 billion euros . Defense stocks in the country have skyrocketed over the past year as…
