ASIA: In September, India’s retail inflation decreased to 5.02%, marking a three-month low. This decline was primarily due to lower vegetable prices. However, it remained above the central bank’s target of 4%, which is necessary for interest rate cuts. This figure was lower than the forecasted rate of 5.50% in a Reuters poll. In […]
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 178.67 points or -0.55% to 32,315.99 Shanghai decreased 19.80 points or -0.64% to 3,088.10 Hang Seng decreased 424.76 points or -2.33% to 17,813.45 ASX 200 decreased 40.00 points or -0.56% to 7,051.00 Kospi decreased 23.67 points or -0.95% to 2,456.15 […]
ASIA: India’s youth population has been a source of economic optimism, but declining fertility rates are leading to a rapid aging of the population. According to a recent United Nations report, India’s elderly population (over 60 years old) is expected to grow by 41% between 2021 and 2031, and they will outnumber children under […]
ASIA: The ruling Communist Party of China has expelled Liu Liange, the former chairman of the state-owned Bank of China, from the party due to allegations of illegal activities and bribery. The Central Commission for Discipline Inspection (CCDI) accused him of granting loans illegally, causing financial risks, importing prohibited publications, accepting bribes, and enjoying entertainment […]
ASIA: The International Monetary Fund (IMF) has raised its growth forecast for India in 2023 to 6.3%, aligning it with its unchanged projection for 2024. This upward revision is due to “stronger-than-expected consumption” during the April-June quarter. The IMF also anticipates that India’s growth will be the highest among developing economies, even as global […]
ASIA: China is expected to meet its 2023 economic target with a 5.1% GDP growth prediction for the fourth quarter, according to the Institute of Economics at the Chinese Academy of Social Sciences. However, they also noted a slowdown in growth, with 4.6% growth in the third quarter, down from 6.3% in the second […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 80.69 points or -0.26% to 30,994.67 Shanghai closed Hang Seng increased 272.11 points or 1.58% to 17,485.98 ASX 200 increased 28.70 points or 0.41% to 6,954.20 Kospi increased 5.13 points or 0.21% to 2,408.73 SENSEX increased 364.06 points or […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 548.48 points or 1.80% to 31,075.36 Shanghai closed Hang Seng increased 18.03 points or 0.10% to 17,213.87 ASX 200 increased 35.30 points or 0.51% to 6,925.50 Kospi decreased 2.09 points or -0.09% to 2,403.60 SENSEX increased 405.53 points or 0.62% […]
ASIA: Japanese Prime Minister Kishida Fumio is addressing the challenges posed by rising energy and food prices. He recently emphasized the critical state of Japan’s economy and instructed his Cabinet ministers to develop economic measures for a supplementary budget. These measures aim to tackle issues like inflation, wage increases, investment in domestic semiconductor […]
ASIA: The World Bank has maintained its economic growth forecast for India at 6.3% for the fiscal year 2024 (FY24), which is the same as its previous estimate in April. This growth projection is attributed to a slowdown from the 7.2% growth observed in FY23, primarily due to adverse global factors affecting foreign demand […]
