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ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 225.17 points or -0.80% to 28,027.25 Shanghai increased 62.66 points or 1.96% to 3,266.60 Hang Seng increased 304.40 points or 1.39% to 22.232.03 ASX 200 increased 50.20 points or 0.67% to 7,514.50 Kospi increased 5.67 points or 0.21% to 2,746.74
ASIA: Indian banks may face some headwinds from the Russia-Ukraine crisis, which could lead to higher inflation and some stress for borrowers, S&P Global Ratings analyst informed. Indian banks’ direct exposure to Russia and Ukraine is limited, and the direct impact from the conflict is likely to be marginal, S&P analysts said. Gross non-performing assets
Spread the lovemore ASIA: China will unveil bigger tax and fee cuts this year and step-up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said on Tuesday, amid efforts to support a slowing economy. China’s strong economic recovery from its sharp pandemic-induced slump started losing momentum in the middle […]
Spread the lovemore ASIA: Singapore is committed to reopening its economy and borders to the rest of the world, said Deputy Prime Minister Heng Swee Keat on Monday. The continued opening of the vaccinated travel lanes (VTLs) for quarantine-free travel with more than 20 countries despite the global surge in Covid-19 cases reflects this commitment, […]