Millions of Chinese consumers ditch their credit cards amid prudent spending, slow economy
Banks report there are 120 million fewer active credit cards in China with 687 million customer accounts, a dramatic drop from 2022’s peak
· Emma Ma
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Newest first · UTC+11:00Today in Korean history
1898 -- Korea opens three ports to foreign trade. People and goods from overseas begin to stream into the country through Masan, Gunsan and Hamheung.
· Kim Boram
Beware the boom and bust cycle of memory stocks, investors warn amid AI boom
London — Outsized returns for memory-related stocks have helped fuel substantial gains in U.S. and South Korean equity markets in recent years — but market watchers warn investors forget the market's cyclicality at their own risk.
· Joseph Wilkins
Oil market at 'tank bottoms' in Asia — and Europe isn't far behind — warns Carlyle's Currie
Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, Jeff Currie, Carlyle's chief strategy officer of energy pathways, said Monday, underscoring the global energy shock due to the Iran war.
· Lee Ying Shan
Samsung tops emerging smartphone markets in Q1
Samsung Electronics ranked first in smartphone market share across Latin America, the Middle East and Southeast Asia in the first quarter, maintaining its lead despite weaker regional demand and rising smartphone prices.
· Jeon Ji-woo
Samsung eyes record Q2 profit as union votes on wage deal
Samsung Electronics is forecast to post its strongest quarterly results on record in the second quarter, as a memory market reshaped by AI demand keeps prices climbing even as the wage settlement that pulled the company back from a strike still awaits a ratification vote closing Wednesday.
· Moon Joon-hyun
2GO, SMX strengthen partnership for nationwide event logistics services
MANILA, Philippines — 2GO Group Inc. and SMX Convention Center have expanded their partnership to provide integrated logistics and transport solutions for exhibitors, event organizers, and corporate clients holding events across the country.
· Franco Jose Baroña
Africa Day 2026 celebrates Korea-Africa friendship through culture, rhythm
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Foreign minister highlights Africa’s growing strategic importance at Africa Day event
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
[Ask the Tax Whiz] BIR clarifies submission of CETI as attachment to annual ITR
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· gdecastro0289
The shrinking, monochrome future of Japan's war-ravaged food industry
Kagome is switching to partially transparent packaging for its ketchup after being notified that supplies of white ink were unstable. (Kagome)
· Staff Writer
Aurum wins key approvals for giant West African gold project
Aurum Resources has cleared a major hurdle on the road to becoming a gold producer in the West African nation of Côte d’Ivoire, after securing three environmental approval certificates for its 3.22 million-ounce Boundiali gold project.
· Doug Bright
Maynilad rushes repair of damaged pipeline as parts of Metro Manila, Cavite experience service interruptions
MANILA, Philippines — Maynilad Water Services Inc. on Monday said that it was conducting emergency repair activities on a damaged pipeline in Ermita, Manila to prevent further water loss in affected areas.
· Ed Paolo Salting
Dalaroo plots Greenland critical minerals exploration blitz
Dalaroo Metals has wrapped up planning and mobilisation activities for a highly anticipated 2026 exploration season at the company’s Blue Lagoon critical minerals project in southern Greenland.
· Murray Ward
Toshifumi Suzuki, father of Japan’s convenience stores, dies at 93
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· Herbie G
[Africa Day 2026] The Korea Herald marks three years of Africa Day events
The Korea Herald has hosted events to mark Africa Day on May 25 since 2024, bringing together African diplomats, Korean government officials and business leaders to strengthen ties through diplomacy, business and cultural exchange.
· Lee Jung-joo
Property challenges put Chinese firms’ go-global plans at risk, JLL says
Some firms have scrapped investment plans to ‘restart from scratch’ after difficulty securing property, researcher says
· Daniel Ren
Property challenges put Chinese firms’ go-global plans at risk, JLL says
Some firms have scrapped investment plans to ‘restart from scratch’ after difficulty securing property, researcher says
· Daniel Ren
Why sanctions and blockades are creating a confused tangle in oil markets | The National
At the battle of Alesia in 52 BCE, Julius Caesar encircled a key hill-fort in today’s eastern France, while himself being besieged by a larger Gallic relief force. The leaders of the current wars of oil blockades and sanctions lack Caesar’s genius, but they have created an even more confusing tangle of mutual encirc…
· Robin Mills
Thousands rally in Spain's capital against increasing housing costs
MADRID — Thousands of people rallied in central Madrid on Sunday against spiraling housing costs that have priced many Spaniards out of the housing market despite a recent economic boom, particularly in cities such as the country's capital and Barcelona.
· Associated Press
Which US States Gained The Most Residents In 2025
Nearly 15 million Americans moved in 2025, with many relocating across state lines in search of lower costs, job opportunities, and warmer climates.
· Tyler Durden
Asian shares gain and oil prices slip as Trump remarks on Iran war talks
A person stands in front of an electronic stock board showing Japan’s Nikkei index, seen through the glass wall of an office building in Tokyo, May 7, 2026. (AP Photo/Eugene Hoshiko, File)
· Yuri Kageyama
Israel’s Eurovision future at risk over KAN funding bill, EBU warns
One week after Noam Bettan came in second place in the Eurovision Song Contest, Noel Curran, CEO of the European Broadcasting Union (EBU), sent an official letter to MK Hanoch Milwidsky, chairman of the Knesset Finance Committee, expressing “deep concern” over a bill currently under discussion regarding Israel's pub…
· TZUF TZIMERING, JERUSALEM POST STAFF
Foreign investors dump 10 tln won in Samsung Electronics, SK hynix stocks last week
SEOUL, May 25 (Yonhap) -- Foreign investors sold more than 10 trillion won (US$6.6 billion) worth of shares in Samsung Electronics Co. and SK hynix Inc. last week while extending their net-selling streak in the South Korean stock market to 12 trading sessions, data showed Monday.
· Kim Boram
Ecuador's president touts US-backed crime-fighting efforts and vows to keep hunting down criminals
QUITO, Ecuador (AP) — Ecuadorian President Daniel Noboa on Sunday used his State of the Union address to tout his government’s US-backed crime-fighting strategies as well as improvements of some economic indicators.
· Yonhap
Japan stocks hit new intraday high as investors bet on Iran deal
Japanese stocks climbed across the board in Tokyo, helping lift the Tokyo Stock Price Index (Topix) to an all-time intraday high on May 25. (Photo by Nanami Sato)
· JADA NAGUMO
Auric golden gift keeps giving with 32% resource spike at WA mine
Auric Mining has delivered a major upgrade to its flagship Munda gold deposit near Widgiemooltha, 82 kilometres south of Kalgoorlie in Western Australia. The revised resource has climbed 32 per cent to 4.20 million tonnes, grading 1.43 grams per tonne (g/t) gold for 192,000 ounces, despite depletion from recent mining.
· Penny Taylor
Qantas’ Project Sunrise plane to be delayed until 2027
Qantas’s first Project Sunrise plane will now be delayed until April 2027, marking a setback in the delivery of the aircraft central to the airline’s long-haul strategy.
· Chris Zappone
$150 Humanoid Robot House Cleaning Service Threatens To Undercut Maid Services
It's no secret that some humanoid robotics companies are training their machines for work on factory floors, while others are positioning their bots to enter homes in the coming years.
· Tyler Durden
Singapore’s economy grows on back of AI boom, defying Iran war slowdown
GDP grew 1 per cent in the first three months of this year, well above the government’s advance estimate of a 0.3 per cent contraction
· Bloomberg
Singapore’s economy grows on back of AI boom, defying Iran war slowdown
GDP grew 1 per cent in the first three months of this year, well above the government’s advance estimate of a 0.3 per cent contraction
· Bloomberg
Kospi's daily turnover tops W40tr for 1st time amid stock rally
Average daily transactions in South Korea's benchmark index surpassed 40 trillion won ($26.4 billion) for the first time this month amid a record-breaking market rally, bourse data showed Monday.
· Yonhap
Brent crude drops below $100 as markets weigh Iran talks
Global oil prices fell sharply as uncertainty surrounding a potential agreement between Washington and Tehran heightened concerns about the economic impact of continued disruptions to shipping through the Strait of Hormuz.
· Middleeasteye
KOSPI's daily turnover tops 40 tln won for 1st time amid stock rally
SEOUL, May 25 (Yonhap) -- Average daily transactions in South Korea's benchmark index surpassed 40 trillion won (US$26.4 billion) for the first time this month amid a record-breaking market rally, bourse data showed Monday.
· Kim Boram
Business group calls on Senate to put national interest above partisan politics
MANILA, Philippines — The Makati Business Club called on senators to prioritize constitutional duty and national interest over partisan politics in the impeachment trial of Vice President Sara Duterte.
· Chynna Grace Ong
China’s machinery giant XCMG eyes bigger scoop of global sales with green, autonomous tech
State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas
· Daniel Ren
China’s machinery giant XCMG eyes bigger scoop of global sales with green, autonomous tech
State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas
· Daniel Ren
Hong Kong airport set for volume shift after flights rejigged amid fuel crisis
Some airlines say they will operate all scheduled flights beyond June after initial consolidation efforts to offset higher jet fuel prices
· Lam Ka-sing
Hong Kong airport set for volume shift after flights rejigged amid fuel crisis
Some airlines say they will operate all scheduled flights beyond June after initial consolidation efforts to offset higher jet fuel prices
· Lam Ka-sing
'I live in survival mode': The rise of the multi-job workforce
More than a million people in the UK now have second jobs as rising costs, insecure work and industry changes push workers into a growing gig economy.
· Dawn Limbu
Singapore Q1 GDP growth tops estimates at 6% on AI boom
A port in Singapore, pictured on March 1. The city is maintaining its full-year growth forecast. (Photo by Ken Kobayashi)
· DYLAN LOH
Stocks rise, oil and dollar slide on Middle East peace hopes
US stock futures rose on Monday while the dollar and oil prices slipped as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.
· Reuters
Rich environments: Hong Kong banks pour money into wealth centres in pricey premises
HSBC, Standard Chartered and CNCBI splash out on large, harbour-view locations to lure wealthy clients and their fee income
· Enoch Yiu
Rich environments: Hong Kong banks pour money into wealth centres in pricey premises
HSBC, Standard Chartered and CNCBI splash out on large, harbour-view locations to lure wealthy clients and their fee income
· Enoch Yiu
The financial factor that could reshape Australia's 'teal' movement
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· Sbsaustralia
Uber weighing higher bid for Germany’s Delivery Hero: report
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· Reuters
Hong Kong should spare no effort in fight against financial crime
The recent crackdown by law enforcement agencies from 10 jurisdictions on international scams shows the benefit of regional cooperation
· SCMP Editorial
Hong Kong should spare no effort in fight against financial crime
The recent crackdown by law enforcement agencies from 10 jurisdictions on international scams shows the benefit of regional cooperation
· SCMP Editorial
My Retirement Accounts Fail In The World I Actually Live In
Authored by Patrick Brenner via RealClearMarkets,
· Tyler Durden