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Live news: South Korean exports expected to suffer longest contraction in 3 years

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May 14, 2023
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Fabio ‘El Diablo’ Quartararo of France competes on a Yamaha prior to the French Moto GP Grand Prix at Le Mans on Saturday. The Japanese motorbike maker reports first quarter results © Jeremiah Gonzalez / AP

events: A four-day session of the United Nations Economic and Social Commission for Asia and the Pacific begins in Bangkok to discuss accelerating climate action for sustainable development. One way to reduce food waste is to convert food scraps into apparel: “Transforming Waste to Wonder: Explorations of Food-Inspired Fashion” is the title of a seminar at the City University of Hong Kong.

Economic Data: Japan releases April data on producer prices and machine tool orders. India releases its wholesale inflation data for April, while South Korea presents trade data for the same month. China’s central bank is expected to announce its one-year medium-term lending facility rate, which stands at 2.75 percent. Australia’s Westpac Consumer Sentiment Report for May has been published, while New Zealand has its BNZ-BusinessNZ Services Activity Index for April. Philippines publishes March data on cash remittances.

Corporate Data: Suzuki Motor reports full-year results, while Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, SMC, Konica Minolta, Kajima and Japan Post, among many others, have released fourth-quarter results. Kyocera, Yamaha Motor and Dentsu release first-quarter results, as do Hong Kong’s CLP Holdings and Manila-based San Miguel.


Fabio ‘El Diablo’ Quartararo of France competes on a Yamaha prior to the French Moto GP Grand Prix at Le Mans on Saturday. The Japanese motorbike maker reports first quarter results © Jeremiah Gonzalez / AP

events: A four-day session of the United Nations Economic and Social Commission for Asia and the Pacific begins in Bangkok to discuss accelerating climate action for sustainable development. One way to reduce food waste is to convert food scraps into apparel: “Transforming Waste to Wonder: Explorations of Food-Inspired Fashion” is the title of a seminar at the City University of Hong Kong.

Economic Data: Japan releases April data on producer prices and machine tool orders. India releases its wholesale inflation data for April, while South Korea presents trade data for the same month. China’s central bank is expected to announce its one-year medium-term lending facility rate, which stands at 2.75 percent. Australia’s Westpac Consumer Sentiment Report for May has been published, while New Zealand has its BNZ-BusinessNZ Services Activity Index for April. Philippines publishes March data on cash remittances.

Corporate Data: Suzuki Motor reports full-year results, while Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, SMC, Konica Minolta, Kajima and Japan Post, among many others, have released fourth-quarter results. Kyocera, Yamaha Motor and Dentsu release first-quarter results, as do Hong Kong’s CLP Holdings and Manila-based San Miguel.

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