ASIA: Global markets fell sharply on Monday as fears over rising inflation and a slowdown in China’s export growth fueled worries about the health of the world economy. Analysts said the slowdown showed that the … Read more
ASIA: China “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the … Read more
ASIA: India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, Reuters reported. … Read more
ASIA: U.S. authorities are ready to implement a ban on imports from China’s Xinjiang region when a law requiring it becomes enforceable later in June, a U.S. Customs official said on Wednesday, adding that a … Read more
ASIA: China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns about economic growth in … Read more
ASIA: The Indian government is likely to stick to its fiscal deficit target as specified in the budget, and there may not necessarily be a need for increased government borrowing just yet, governor Shaktikanta Das … Read more
ASIA: Earlier this week, China’s premier, Li Keqiang, warned that the world’s second-largest economy could struggle to record positive growth in the current quarter. “We will try to make sure the economy grows in the … Read more
ASIA: US President Joe Biden said he’ll review Trump-era tariffs imposed on imports from China amid growing calls from businesses to remove the levies, fueling a rally in the offshore yuan. Biden said he’s considering … Read more
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 253.38 points or -0.94% to 26,748.14 Shanghai decreased 75.93 points or -2.41% to 3,070.93 Hang Seng decreased 357.96 points or -1.75% … Read more
ASIA: Southeast Asian nations are in store for a tougher trade environment as China’s economic growth slows due to hardline coronavirus controls, experts say, while the US attempts to boost engagement with the region are … Read more