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ASIA: Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets and the potential of another financial crisis, said former vice-finance minister
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 42.50 points or 0.15% to 27,820.40 Shanghai increased 55.67 points or 1.76% to 3,211.81 Hang Seng increased 842.94 points or 4.51% to 19,518.29 Kospi decreased 15.01 points or -0.62% to 2,419.32 ASX 200 increased 24.10 points or 0.33% to 7,325.60
ASIA: In the next five years, India may become the third-largest economy after the United States and China, says International Monetary Fund's World Economic Outlook database. As per the IMF, the South Asian country is most likely to reach the position two years earlier than initially expected, overtaking Germany and Japan. Considering India's perspective to
ASIA: China’s central bank digital currency (CBDC) project has reached the mark of close to USD 14 billion in transactions during its pilot phase. This makes the digital yuan, the most wildly adopted CBDC in the world. With its first CBDC trials launched in April 2020, China’s central bank has been aiming to eventually replace
Following today's private sector PMIs from the Eurozone, the EUR/USD will need soft US private sector PMIs and labor market stats keep the momentum.