Browsing: Business

Sheikh Khaled bin Mohamed arrived in Beijing for a three-day China visit aimed at deepening UAE-China ties, trade links and cooperation across key sectors.

Bank of Korea kept its benchmark rate at 2.50% for a seventh straight meeting, citing higher inflation pressure, weaker growth and market volatility.

China auto output hit 2.917 million and sales reached 2.899 million in March, rebounding sharply from February as exports and NEVs led the market.

China’s CPI rose 1% in March from a year earlier, while monthly prices fell and producer prices returned to growth.

Tokyo stocks fell as the Nikkei retreated after a sharp rally, with higher oil prices, Middle East tensions and investor caution pressuring Japanese equities.

Gold held steady as investors tracked US-Iran talks, oil-linked inflation risks and fresh Federal Reserve signals ahead of key US price data.

China’s foreign exchange reserves fell to $3.342 trillion in March, down 2.5% from February, as a stronger dollar and weaker asset prices cut valuations.

Japan posted a $24.8 billion current account surplus in February as overseas income stayed strong, offsetting weaker trade momentum and a continued services shortfall.

ADB launched a $25 million trust fund to speed ASEAN power grid projects, backing cross-border energy links, grid upgrades and regional electricity trade.

South Korea posted a record $23.19 billion current account surplus in February as chip and tech exports drove the country’s biggest monthly balance.