India National Security Advisor Ajit Doval- Chinese Foreign Minister Wang Yi.

India-China Relations: December 18 Meeting Marks an Important Step, but Challenges Persist

The meeting on December 18, 2024, between India’s National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi in Beijing, marked a cautious step toward normalizing relations between the two nations. As the 23rd meeting of the Special Representatives...
Justin Trudeau

Canadian Prime Minister Justin Trudeau Poised to Resign Amid Mounting Party Dissent

The political landscape of Canada, Prime Minister Justin Trudeau may resign as early as Monday, January 6, according to reports from national newspapers The Globe and Mail and The Toronto Star. The reports indicate that sources within the Liberal Party...
Thailand

Thailand Inflation Returns to Target Range, Bolstered by Rising Energy and Food Prices

Thailand’s inflation rate has returned to the central bank’s target range for the first time since May 2023, as rising energy and food prices propelled headline inflation upward in December. The country’s economic trajectory, was characterized by subdued inflationary pressures...
Indonesia Currency

Indonesia’s 2024 Budget Deficit Smaller Than Expected But Larger Than 2023’s Gap

Indonesia’s unaudited budget deficit for the 2024 fiscal year was reported at 2.29% of the country’s gross domestic product (GDP), according to data released by the finance ministry on Monday. The figure is smaller than the previously estimated 2.7% but...
China's Consumer Prices Rise Less Than Expected in September; Factory-Gate Charges Continue Decline for 24th Month

China’s Mental Health Crisis: Can New National Hotline Address Growing Pressure Faced by Its Citizens?

China’s National Health Commission (NHC) unveiled a new centralized mental health hotline, 12356. However, the helpline’s launch has been met with mixed reactions, especially due to the absence of the number four, leading to its pronunciation as "mei si," which...
UBS Group AG

UBS Group AG Expands in Japan: A Strategic Push into High-Yield Structured Investments

UBS Group AG, the Swiss multinational investment bank, has made a significant move to enhance its presence in Japan's lucrative market for high-yield structured investments and tailored derivative products. In a strategic hiring spree, UBS's Tokyo brokerage arm has recruited...
Crude Oil

Oil Prices Surge to Three-Month High Amid Market Optimism

Oil prices surged to their highest levels in nearly three months on Monday, driven by a more positive sentiment in broader financial markets and tight supplies from key producing regions. Brent crude hovered below $77 a barrel after reaching a...
Nippon Steel Corp

Nippon Steel Shares Dip Amid Biden’s Block on U.S. Steel Acquisition

Shares in Nippon Steel Corp., Japan's largest steelmaker, fell over 1% on Monday following U.S. President Joe Biden's decision to block its proposed $14.9 billion acquisition of U.S. Steel. Citing national security concerns, Biden’s move, which came after a year-long...
Dai-ichi Life Insurance Co.

Dai-ichi Life Insurance Co. Faces ¥140 Billion Loss Amid Rising Interest Rates

Dai-ichi Life Insurance Co. has reported a significant financial setback, incurring a loss of approximately ¥140 billion ($890 million) after selling off a substantial portion of its long-maturity bond holdings. This strategic decision was made to better position the company...
China Services Sector

China’s Services Sector Expands at Fastest Pace in Seven Months Despite Waning Foreign Demand

China’s services sector experienced its most robust expansion in seven months during December, driven by a notable surge in domestic demand. However, a concurrent decline in international orders has highlighted the growing external trade risks facing the world’s second-largest economy....
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