
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit
May 13, 2026 05:15 am UTC| Economy
Asian stock markets traded in a narrow range on Wednesday as investors remained cautious over the ongoing Iran conflict and its potential impact on global inflation. Market sentiment also stayed focused on the upcoming...

Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks
May 13, 2026 05:14 am UTC| Politics Economy
Australian Prime Minister Anthony Albanese has triggered a major political and economic debate after announcing plans to scale back tax breaks for property investors, a move welcomed by many aspiring homebuyers but...

New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment
May 13, 2026 03:06 am UTC| Economy Politics
New Zealand Prime Minister Christopher Luxon announced that the government will maintain strict control over day-to-day spending in Budget 2026 while significantly increasing capital investment to strengthen the countrys...

OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027
May 13, 2026 03:05 am UTC| Central Banks Economy
The Organization for Economic Co-operation and Development (OECD) expects the Bank of Japan (BOJ) to continue raising interest rates steadily, projecting the countrys short-term policy rate will climb to 2% by the end of...

US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit
May 13, 2026 03:00 am UTC| Politics Economy
U.S. Treasury Secretary Scott Bessent arrived in South Korea on Wednesday for high-level trade discussions with Chinese Vice Premier He Lifeng ahead of the much-anticipated summit between U.S. President Donald Trump and...

S&P Global Revises Mexico Credit Outlook to Negative Amid Rising Debt Concerns
May 13, 2026 02:46 am UTC| Economy
SP Global Ratings revised Mexicos sovereign credit outlook to negative from stable while affirming the countrys BBB foreign currency and BBB+ local currency long-term credit ratings. The agency also maintained Mexicos A-2...

Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals
May 13, 2026 02:28 am UTC| Politics Economy
U.S. President Donald Trump and Chinese President Xi Jinping are set to meet at Beijings historic Temple of Heaven, a symbolic location tied to Chinas imperial past and agricultural prosperity. The visit, scheduled during...