Japan’s former defense minister, Shigeru Ishiba, a favorite in opinion polls to become the next premier, told Reuters on Monday Tokyo should deepen ties with Asian neighbors, including South Korea, amid growing tension between China and the US.
Stock futures in Europe and the US rose along with equities in Asia on signs of a thaw in US-China tensions, with investors also looking ahead to a policy speech by Federal Reserve Chair Jerome Powell later in the week.
Asian stocks dipped on Wednesday on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus.
Asia's factory pain continued to ease in July with contraction slowing in big export-reliant nations, adding to hopes the region is steadily emerging from the devastating hit of the coronavirus pandemic.
A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.
The World Bank Board of Executive Directors approved a $39.5 million project to help South Asia build resilience to climate threats and disasters by sharing regional data and knowledge, developing regional standards and guidelines for infrastructure, and promoting climate-resilient policies and investments.
Swathes of Europe began the long process of reopening from coronavirus lockdowns on Monday, but the first new infections in weeks at China’s ground zero offered a sobering reminder of the dangers of a second wave of cases.
Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand.