Browsing: Business
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of the country’s reserve holdings. The
TOKYO: Japan posted a current account surplus of 3.93 trillion yen, or about $24.8 billion, in February, as strong returns on overseas investments helped offset softer trade-related gains and a continued shortfall in services. Preliminary balance of payments data released by the
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for Energy
SEOUL: South Korea posted its largest monthly current account surplus on record in February, as a sharp rise in semiconductor shipments and other technology exports drove a steep increase in the goods balance. Bank of Korea data showed the current account surplus
SHENZHEN: Shenzhen Port handled 8.5227 million foreign-trade containers measured in TEUs in the first quarter of 2026, official customs data showed, as one of China’s biggest maritime gateways posted steady year-on-year growth at the start of the year. The quarter’s throughput was
ABU DHABI: The United Arab Emirates entered the world’s top 10 merchandise exporters in 2025 for the first time, ranking ninth globally after its goods exports rose to $707 billion, according to the latest World Trade Organization trade statistics. The WTO’s
ANKARA: Türkiye has raised electricity and natural gas prices for households and several business categories, with the biggest increases reaching 25% and taking effect on April 4. The Energy Market Regulatory Authority said residential electricity tariffs rose 25%, while prices increased
SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit, according to provisional government data released on April 3. Food exports reached $2.5622 billion in
HANOI: Vietnam’s exports rose 19.1% from a year earlier in the first quarter of 2026 to $122.93 billion, according to official data released on April 4, extending a strong start to the year for one of Southeast Asia’s most trade-dependent economies. Imports increased
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s Bank of China said the