Uniqlo risks boycott in China after CEO’s Xinjiang comment
BEIJING (Reuters) – Casual wear giant Uniqlo is facing calls for a consumer boycott in China after the CEO of the clothing company’s owner said it does not source cotton…
Economy
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Morning Bid: Yen bulls charge ahead after Tokyo inflation data
A look at the day ahead in European and global markets from Stella Qiu It was supposed to be a quiet post-Thanksgiving session in Asia but hotter-than-expected CPI readings for…
China’s Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
(Reuters) – Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44…
Australia’s world-first social media ban for children under 16 attracts mixed reaction
By Alasdair Pal and Cordelia Hsu SYDNEY (Reuters) -Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the…
China to extend tariff exemptions for some US products to 2025
BEIJING (Reuters) – China will extend tariff exemptions for the import of some U.S. products until Feb. 28, 2025, the Customs Tariff Commission of the State Council said on Friday.…
China’s home prices set to stabilise by 2026 after slower falls – Reuters poll
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s home prices are expected to fall at a slower pace this year and next, and stabilise in 2026, a Reuters…
Yen surges to 150 per dollar amid growing BOJ rate hike bets
By Kevin Buckland TOKYO (Reuters) – The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo…
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
By Stella Qiu SYDNEY (Reuters) – Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders…
China’s Nov manufacturing activity seen expanding for second month: Reuters poll
BEIJING (Reuters) – China’s factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is…
RBA rate cuts likely later and shallower, first cut seen only in May – ANZ
Investing.com– The Reserve Bank of Australia is now expected to begin its easing cycle in May 2025 instead of February, ANZ said, citing stronger-than-expected employment and stabilizing business conditions. The…