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Spread the lovemore ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 606.60 points or 2.13% to 29,066.32 Shanghai increased 27.39 or 0.75% to 3,675.02 Hang Seng increased 54.74 points or 0.23% to 23,475.50 ASX 200 decreased 31.40 points or -0.43 to 7,295.70 Kospi increased 17.02 points or 0.57% […]

Spread the love ASIA: The risk of stagflation is “very real” in China over the next couple of quarters as factory gate prices rise at a quicker pace and an ongoing power crunch hurts economic growth, Charlene Chu, senior analyst for China macro financial at Autonomous Research said Wednesday. Stagflation refers to a situation in […]

ASIA: India and Israel agreed to resume talks on a free trade agreement from November, with the aim of signing a deal by mid-2022, both countries said on Monday

Spread the love ASIA: China’s economy grew 7.9 percent from April to June, the National Bureau of Statistics (NBS) announced on Thursday. The growth rate was lower than the forecasted 8.1 percent by most market analysts. Chinese economists are aware that the economy is highly resilient after overcoming the coronavirus pandemic fallout. Increasingly, the giant economy is being boosted by rising domestic consumption, roaring external demand for Chinese goods, and the government’s laser-like f...

ASIA: Indian economy is expected to expand 8.3 percent in fiscal year 2021-22, a report by World Bank projected on Tuesday. In its latest issue of Global

ASIA: Cryptocurrency miners, including HashCow and BTC.TOP, have halted all or part of their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny. Cryptocurrency exchange Huobi on Monday suspended both crypto-mining and some trading services to new clients from mainland China, adding it will instead focus on overseas businesses. A State Council committee led by Vice Premier Liu He announced ...

Spread the love ASIA: China’s parliament on Thursday overwhelmingly endorsed a proposal on “improving the electoral system” of Hong Kong, further restricting the ability of people in the city to elect their leaders freely. Members of the National People’s Congress in Beijing voted 2,895 in favor of the proposal, with no votes against and one abstention. The decision includes a plan to alter the size and composition of the city’s legislature, increasing the number of seats from 70 to 9...

ASIA: American companies would lose hundreds of billions of dollars if they slashed investment in China or the nation's increased tariffs, the US Chamber of

Spread the love ASIA: The Bank of Japan kept monetary policy steady on Thursday and revised its economic forecast for the next fiscal year, signaling that it has delivered sufficient stimulus, for now, to cushion the blow from the COVID-19 pandemic, Reuters reported. As widely expected, the central bank kept unchanged its target for short-term interest rates at -0.1% and that for 10-year government bond yields around 0% in a two-day rate review. In a quarterly review of its projections, the BOJ...

1/22/2021 5:29:39 AM GMT ASIA The Bank of Japan kept monetary policy steady on Thursday and revised its economic forecast for the next fiscal year, signaling that it has delivered sufficient stimulus, for now, to cushion the blow from the COVID-19 pandemic, Reuters reported. As widely expected, the central bank kept unchanged its target for short-term interest rates at -0.1% and that for 10-year government bond yields around 0% in a two-day rate review. In a quarterly review of its projections,...