BHP considers making COVID vaccinations mandatory at Australian sites
Global miner BHP Group (BHP.AX) is mulling whether to make vaccinations for COVID-19 mandatory at its workplaces in Australia as the country’s east battles ballooning virus cases.
S.Korea lifts interest rates from record low as debt threats grow
The Bank of Korea raised its policy rate for the first time in almost three years on Thursday, becoming the first major Asian central bank to shift away from pandemic-era monetary settings as ballooning consumer debt created new threats for the economy.
China c.bank increases cash injections to soothe tightening worries
China’s central bank increased short-term fund injections into the financial system on Wedneday, in a bid to soothe market worries over tightening liquidity.
Delta delays great exit as RBNZ holds fire on hikes
The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
Oil prices weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.
Kuwait’s economic makeover under threat as small businesses fight for life
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
China-U.S. container shipping rates sail past $20,000 to record
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.
China manufacturing slows as supply shortages roil Asia industry
Growth in China’s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
S&P Global cuts India’s growth forecasts, trims EM overall
S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
