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January 18, 2023
ASIA: Rising home prices and rentals in large Indian cities could pose a new challenge to the country's central bank in its fight against inflation, even though headline consumer price rises have likely peaked, analysts warn. Housing rentals and ancillary costs have a 10.07% weightage in India's consumer price inflation basket and are near three-year
December 14, 2022
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 112.52 points or 0.40% to 27,954.85 Shanghai decreased 2.72 points or -0.09% to 3,176.33 Hang Seng increased 132.57 points or 0.68% to 19,596.20 Kospi decreased 0.62 points or -0.03% to 2,372.40 ASX 200 increased 22.50 points or 0.31% to 7,203.30
November 16, 2022
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 26.70 points or 0.10% to 27,990.17 Shanghai increased 50.68 points or 1.64% to 3,134.08 Hang Seng increased 723.41 points or 4.11% to 18,343.12 Kospi increased 5.68 points or 0.23% to 2,480.33 ASX 200 decreased 4.70 points or -0.07% to 7,141.60
October 12, 2022
ASIA: China's central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank's website on Monday. The swaps extension will help deepen bilateral cooperation and safeguard financial market stabilization, the Chinese central bank said. The International
September 13, 2022
ASIA: India's restrictions on rice exports have crippled trading in Asia, with buyers seeking alternative supplies from Vietnam, Thailand and Myanmar, where sellers are delaying deals as prices rise, industry officials said. India, the world's top grain exporter, on Thursday banned shipments of broken rice and imposed a 20% tariff on exports of various other
August 17, 2022
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 end a more than decade-old dispute. Analysts and consultants informed about it on Monday. Five state-owned enterprises, including oil major
July 20, 2022
ASIA: Chinaโs banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into the wider financial sector. State-owned Agricultural Bank of China Ltd. said Thursday it held 660 million yuan of overdue loans
July 19, 2022
The GBPUSD grinds higher during the New York session, extending its rally to three straight days after falling close to 3.50% during the month, though
June 14, 2022
ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released last Wednesday showed. The world's third-largest economy contracted at an annual rate of 0.5 per cent, according to Cabinet Office data. That was smaller than the 1.0 per cent contraction in the preliminary estimate for
May 18, 2022
ASIA: The 2022 Asian Para Games that were scheduled to take place in the Chinese city of Hangzhou have been postponed due to the COVID-19 pandemic, the Asian Paralympic Committee (APC) and the Games' organizing committee (HAPGOC) said on Tuesday. A taskforce formed by the two committees and the Chinese Paralympic Committee will work on