According to data from the Bank of Japan, Japanese corporate services prices in April experienced their highest growth rate since early 2015.
Asian Stocks Tread Water Before Inflation Data: Markets Wrap
Asian stocks traded within a narrow range on Tuesday, while the dollar weakened ahead of the release of inflation data that is expected to have an impact on global monetary policy.
New Zealand tightens some home loan rules
The Reserve Bank of New Zealand (RBNZ) has implemented new regulations aimed at reducing default risk in the country’s housing market.
China Chipmakers Are Catching Up Fast in AI, SenseTime’s Xu Says
China’s domestic AI chipmakers are rapidly narrowing the gap with international leaders, according to Xu Bing,
New Petrobras Head Pledges Investor Returns After CEO Upheavel
he CEO of Petrobras, Magda Chambriard, addressed investor concerns about increasing investments in her first public statements since taking office.
Jump in Japan’s Business Service Prices Supports BOJ Hike Case
Japan’s service prices have recorded the highest increase in over 30 years, indicating a broader trend of inflation and reinforcing the case for the Bank of Japan to raise interest rates.
Australia retail sales grow at a snail’s pace in April
Australian retail sales in April showed a marginal increase as consumers continued to be cautious due to high borrowing costs and rising rents
Oil Steadies as Geopolitical Tensions Rise Before OPEC+ Meeting
Oil prices stabilized on Wednesday after two consecutive days of gains, despite escalating tensions in the Middle