Immigration Is Helping the U.S. Edge Out Asia

Antipathy toward large-scale foreign labor is emerging as Asia's Achilles' heel. 


 
Who Is Fueling the Surge in Shares of the Trump SPAC?

The shares have risen sharply, potentially sending a financial lifeline to a presidential candidate whose finances are under stress. 


 
Beijing Concerned Funds From Liquidity Boosts Aren't Finding Borrowers

China's policymakers are growing concerned that intensified monetary policy support has led to excessive liquidity in the banking system that isn't being funneled into the real economy. 


 
Japan's Consumer Inflation Picked Up in February

Consumer inflation picked up in Japan, adding to speculation that the Bank of Japan may raise interest rates again later this year. 


 
U.K.'s Flat Retail Sales Boost Hopes of Economic Rebound

Retail sales were flat in the U.K. in February as better online sales offset weak in-store traffic, keeping the country on track for a consumer-led rebound in the first half of the year. 


 
U.K. Consumers Prove Cautious, Survey Suggests

Consumer confidence remains weak in the U.K. on continued concerns over the economy, although a gauge of sentiment on personal finances hit the highest level since December 2021. 


 
Australian Households Riding Out Pain of Soaring Rates, RBA Says

Australia's highly-indebted households appear well-placed to continue riding out the pain of high interest rates and soaring living costs, with even the most vulnerable in a position to continue servicing mortgages, the Reserve Bank of Australia said. 


 
The Tea Shops Bubbling Up Hong Kong's Anemic IPO Market

Hong Kong's IPO market was once the biggest in the world. Now, its great hope is bubble tea with at least four Chinese stores that sell bubble tea preparing to go public in the city, where nine companies have listed shares so far this year. 


 
Argentina's Bonds Climb on President's Reforms

The bond market likes Javier Milei's plan to fix the economy while legislators are less enthused. The president is now working on another plan. 


 
Bank of Mexico Cuts Overnight Interest Rate to 11%

The Bank of Mexico cut its benchmark interest rate Thursday in a split decision, kicking off what is expected to be a gradual and cautious easing cycle while inflation remains above its 3% target.


(END) Dow Jones Newswires

03-22-24 0515ET