The price of owning a car in Singapore — the most expensive globally at 2.5 times the average — soared 15% from a year earlier in U.S. dollar terms.
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U.S. ambassador accuses China of undermining bilateral ties, Wall Street Journal reports
This comes after ties between the U.S. and China have somewhat warmed after Xi and Biden met in November.
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Asia-Pacific markets mixed as Australia’s inflation climbs; chip stocks track Nvidia rebound
Australia’s headline inflation rate for May is 4%, compared to the 3.6% recorded in April.
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China’s Chang’e-6 lunar probe returns with first-ever samples from far side of the moon
China’s Chang’e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the far side of the moon.
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Asia-Pacific markets mostly higher after U.S. tech sell-off
Investors in Asia will assess South Korea’s consumer sentiment index for June, as well as Japan’s service sector producer prices.
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South Korea plant fire kills 22 people after lithium battery combustion
A fire that broke out at a South Korean lithium battery plant has killed 22 people, local officials said
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China employing ‘gray zone tactics’ at contested Second Thomas Shoal, Lowy Institute’s Yaacob says
China is employing “gray zone tactics” against the Philippines in contested waters as it avoids wider conflict with the U.S., according to one expert.
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Asia-Pacific markets slip as investors await Australia and Japan inflation data later this week
Investors in Asia will assess Australia’s CPI data on Wednesday after RBA considered hiking rates at its last meeting.
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Singaporean swimmer Toh Wei Soong hopes for a medal in his second Paralympic bid
Singaporean para-athlete Toh Wei Soong will be fighting to medal in the Paralympics this year in Paris.
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China talks up support for IPOs. Investors are watching the speed of approval
Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings.