ASIA: India’s dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more … Read more
ASIA: The Japanese Yen is trading at a fresh 24-year low against the US dollar as the short-term yield spread between the two countries continues to widen. Two-year Japanese bonds are currently trading with an … Read more
ASIA: The southwestern Chinese capital of Chengdu announced a lockdown of its 21.2 million residents as it began four days of citywide testing for COVID-19 as some of the country’s most populous and economically important … Read more
ASIA: India’s economy grew 13.5% from a year ago in the April-June quarter, its fastest annual pace in a year, data released on Wednesday showed, though it is seen losing momentum in coming quarters as … Read more
ASIA: Singapore’s key measure of consumer prices rose again at the fastest pace in more than 13 years in July, official data showed on Tuesday, increasing pressure on the central bank to consider further policy … Read more
ASIA: Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China’s industrial … Read more
ASIA: India’s cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement. India banned wheat exports in mid-May as a scorching … Read more
ASIA: In its monthly economic report, the Japanese government described its economy as “growing modestly,” leaving the overall rating unchanged from the previous month, while noting an upward revision of factory output. Factory output showed … Read more
ASIA: Foreigners are returning to Indian stocks after dismissing them in the first half as they seek higher yields amid expectations that major central banks will slow their growth cycles as price pressures ease. Foreigners … Read more
ASIA: Growth in Japanese factory activity slowed to a 19-month low in August as declines in output and new orders deepened, amid mounting pressure from sustained rises in raw material and energy prices and weakening … Read more