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ASIA: Singapore’s economy grew 3.4 percent year-on-year in the first quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI). This marked a slower pace than the previous quarter when the economy expanded 6.1 per cent. Economists polled by Reuters had expected growth of 3.8 percent. The slowdown in the first quarter was largely
Spread the lovemore ASIA: India plans to buy 1 million tonnes of potash from Belarus in the first such bilateral deal between the two countries after sanctions crippled Minsk’s ability to sell the crop nutrient, Reuters reported. India has suggested that the state-run Belarus Potash Company (BPC) could open a rupee account with a state-run […]
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 […]
The single currency regains the smile and motivates EUR/USD to return to the area above the key 1.1300 the figure. EUR/USD appears supported around 1.
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% […]