Live Updates

12

Aug 2025
Xi and Lula discussed soybean trade, with US demands posing limited threat to Brazil’s exports

Xi, Lula discuss soy trade amid Trump’s US push; Brazil remains China’s top soybean supplier despite glut.

12

Aug 2025
Asian equities surged following a US-China tariff extension, with Australia’s business confidence reaching a three-year peak

U.S.–China extend tariff truce; Asian markets surge; China plans stimulus; RBA eyes rate cut today.

12

Aug 2025
JPMorgan warned of potential stagflation due to rising prices and slowing US growth and jobs

JPMorgan anticipates stagflation risks from tariffs, slowing demand, weakening job growth, and possible Fed rate cut.

12

Aug 2025
China plans to announce subsidised loan policies for consumers and services to bolster economic growth

China to unveil subsidised loan policies to boost consumption, aid services, and align with growth goals.

12

Aug 2025
In Washington, leaders from South Korea and the US will discuss economic security and alliances

South Korean President Lee to meet President Trump, aiming to strengthen alliance and economic security cooperation.

12

Aug 2025
In July, Australia’s business confidence rose to a three-year peak, amidst inflation concerns and varied conditions

Business confidence hits three-year high; sales rise, but conditions weaken amid inflation and expected rate cuts.

12

Aug 2025
China has relaxed trade restrictions on 12 US companies, allowing case-by-case licence applications for exporters

China eases export controls, allowing case-by-case trade with restricted entities, lifting restrictions on 12 U.S. firms.

12

Aug 2025
The PBOC established the USD/CNY rate at 7.1418, surpassing projections of 7.1901.

PBOC sets stronger yuan midpoint, drains liquidity with net 46.1B yuan pullback via maturing repos.

12

Aug 2025
The central bank of Singapore confirms its policy is suitable and can effectively manage risks

MAS maintains current policy, citing effective risk response; GDP growth exceeded forecasts, supporting a cautious approach.

12

Aug 2025
The PBOC is anticipated to establish the USD/CNY reference rate at 7.1901, according to Reuters estimate

The PBOC sets a daily midpoint for the yuan, allowing controlled fluctuations within a 2% trading band.

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