President Donald Trump has signaled that a high-stakes meeting with Chinese President Xi Jinping is imminent, suggesting that the summit could be "historic" as both nations coordinate on the reopening of the Strait of Hormuz and regional energy security.
Malaysia's economy grew 5.3% in the first quarter from a year earlier, official advance estimates showed on Friday, moderating from its pace at the end of 2025 as activity slowed in some key sectors.
Japanese Prime Minister Sanae Takaichi said Thursday that Japan will give out 50 million medical gloves to facilities facing shortages as the country grapples with the fallout of the war in the Middle East.
Japan should gradually raise interest rates and keep any fiscal stimulus targeted given robust domestic demand and steady wage gains, a senior International Monetary Fund official said on Thursday.
Asian stocks edged lower on Friday as investors locked in profits after strong gains earlier in the week, although regional markets remained on track for weekly advances amid hopes for renewed U.S.-Iran peace talks.
New applications for U.S. unemployment benefits fell more than expected last week, suggesting labor market conditions remained stable, though employers are cautious about increasing headcount as the war with Iran casts a shadow over the economy.