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
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