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ASIA: India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports, two government officials said. Nominal GDP growth — which includes inflation and is the benchmark
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 377.64 points or -1.45% to 25,716.86 Shanghai increased 7.00 points or 0.22% to 3,123.52 Hang Seng increased 647.82 points or 3.22% to 20,793.11 ASX 200 increased 113.00 points or 1.63% to 7,059.20 Kospi increased 37.30 points or 1.68% to 2,255.98
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
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