ASIA: China cut its benchmark interest rate and cut its benchmark mortgage loan by a wider margin on Monday, adding to last week’s easing measures as Beijing ramps up efforts to revive an economy battered … Read more
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 11.81 points or -0.04% to 28,930.33 Shanghai decreased 19.47 points or -0.59% to 3,258.08 Hang Seng increased 9.12 points or 0.05% … Read more
ASIA: Japan’s imports jumped to a record amount in July, boosted by global fuel inflation and a weak yen, outweighing exports and deepening the trade deficit, in a sign of a further worsening in the … Read more
ASIA: The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals that Beijing may be willing to compromise to strike an audit deal with the United States and … Read more
ASIA: China’s central bank surprisingly cut key interest rates on Monday to revive demand as data showed the economy unexpectedly slowed in July, with factory and retail activity squeezed by Beijing’s zero-Covid policy and the … Read more
ASIA: India’s consumer inflation eased to 6.71% in July, easing for a third straight month, helped by slower increases in food and fuel prices and adding to expectations that the central bank may rein in … Read more
ASIA: According to Morgan Stanley analysts, India is likely to be the fastest growing Asian economy by 2022-23. They expect India’s gross domestic product growth to average 7 percent over the period — the strongest … Read more
ASIA: Japan ran a current account deficit for the first time in 5 months in June as rising imports eclipsed exports, data showed on Monday (Aug 8), underscoring the pressure on the economy from higher … Read more
ASIA: China’s export sector posted strong growth in July, providing a much-needed boost to the world’s second-largest economy, which is almost certain to miss its GDP target this year. Exports measured in US dollars jumped … Read more
ASIA: China’s consumer inflation could soon surpass 3%, CICC said. A global inflation wave that has largely bypassed the world’s second-largest economy may eventually hit prices there. Consumer price inflation in China has remained relatively … Read more