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ASIA: India is poised for an economic boom driven by investment in manufacturing, the country's energy transformation and advanced digital infrastructure, and these drivers will make it the world's third-largest economy and stock market by the end of the decade ending in 2030, global investment bank Morgan Stanley said in a report. Four global

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 8bp negative yield, while the US two-year offers a meaty 3.51%, its highest level in 15 years. This gulf in

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ASIA: India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, Reuters reported. Shipments that have been allowed moved mainly to Bangladesh, the Philippines, Tanzania and Malaysia, said a senior government official, who

ASIA: Activity in India's dominant services sector grew at its fastest pace in five months in April on strong demand, prompting firms to add jobs for the first time since November, a private survey showed, but sky-rocketing inflation remained a major concern. The S&P Global India Services Purchasing Managers' Index rose to 57.9 in April

ASIA: Chinese Vice Premier Hu Chunhua called on Saturday for greater efforts to stabilize foreign trade amid a complex external environment, the official Xinhua news agency reported. Commerce Minister Wang Wentao said in March that China's economy faced multiple challenges at home and abroad this year, including "huge" pressure from uncertainty over global trade and

Spread the lovemore ASIA: Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, a Reuters poll of economists showed on Monday. The forecast was much lower than the robust expansion expected in January’s projection in a sign of the […]

Spread the lovemore ASIA: By 2030, China is forecast to become the world’s largest economy, for now it has just surpassed the EU. In a milestone moment, the economy of China surpassed the whole of the European Union (EU) for the first time. China’s GDP for 2021 expanded by 8.1 percent, according to figures released […]

Spread the lovemore ASIA: India may achieve a growth of more than 9 percent in FY2023, the fund house predicts. This projection is higher than the 4.9 percent for 2022 (5.9 percent for 2021) projection for global growth by the International Monetary Fund (IMF). Discretionary consumption is picking up post-Covid and should sustain provided young […]

Spread the lovemore ASIA: China’s property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed. Home prices are expected to drop 1.0% in H1 2022 and Property investment in H1 2022 is […]