Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia … Read more
Singapore house prices increased less in the last quarter of 2022 A statement issued by the Urban Redevelopment Authority showed private residential real estate prices in Singapore increased by 0.4% in the fourth quarter of 2022. The reading showed home prices rising less than the previous period’s increase of 3.8% and the slowest growth since … Read more
China left the main interest rates for one-year and five-year loans unchanged The People’s Bank of China left the 1-year and 5-year loan prime rates unchanged, broadly in line with expectations. The 1-year LPR stood at 3.65% while the 5-year LPR stood at 4.3%, both unchanged since August 2022. The Chinese yuan off and on … Read more
Manufacturing activity in Japan posted its weakest level in more than two years the au Jibun Bank Flash Japan Manufacturing PMI December recorded a reading of 48.9, marking the second consecutive month in contraction territory. The reading eased from 49.0 for November, and represented the weakest number since the October 2020 figure of 48.70. The … Read more
