Economic affairs

Japan PM Takaichi denies she’s driving weak yen, high rates

The premier’s comments come as her year-old administration tries to ease persistent market unease about its fiscal management.

‘No choice’: IMF says developing countries must cut spending or restructure debt

International Monetary Fund deputy director of research Petya Koeva Brooks said heavily indebted oil-importing countries were facing the worst of the energy shock.

Americans Robert Hall and Michael Woodford win Nobel economics prize for work on stabilisation

American academics Robert Hall and Michael Woodford won the Nobel economics prize.

Japan PM vows to underpin yen by boosting economic competitiveness

Japan’s Prime Minister Sanae Takaichi said she told US President Donald Trump that the yen’s undervaluation was a problem when the two met in September.

Lithium plunges 25% in China on fears over battery demand growth

The imposition of a consumption tax on lithium-ion batteries and macro headwinds in the wider economy are further clouding prospects for demand.

Bessent flags bigger debt buyback potential, coming fiscal plan

Treasury Secretary Scott Bessent said he and Budget Director Russ Vought are tasked with fiscal consolidation, which they are announcing soon.

Australia jobless rate hits near five-year high of 4.5% in July

The trend adds to signs of a cooling labour market and easing pressure for another interest rate hike.

Trump touts $3.8b in minerals projects to promote economic stability and national security

Trump said the projects would create thousands of jobs and promote economic stability and security.

Is Australia’s property boom over?

Three rate rises and the government’s decision to scrap tax breaks for property investors have hurt housing prices.

US GDP growth softens despite strong consumer spending, investment

Consumer spending, which comprises about two-thirds of economic activity, rose at a stronger-than-expected 3.2% rate.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.