ASIA: Stripe, a US-based payments processor, has released a report discussing how digital trade is reshaping the global economy and how businesses are responding. The report is based on transaction data from Stripe’s platform and surveys of business leaders and consumers across nine countries. It highlights how technology is diversifying international trade routes and […]
ASIA: China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal. Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at […]
ASIA: Singapore’s economy grew by 0.7% year-on-year and 0.3% quarter-on-quarter in the second quarter, avoiding a technical recession. This growth exceeded the expectations of economists, who had predicted a 0.6% year-on-year and 0.3% quarter-on-quarter growth. In the previous quarter, the economy had contracted by 0.4% quarter-on-quarter but saw marginal growth of 0.4% year-on-year. Despite […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 548.41 points or -1.68% to 32,159.28 Shanghai increased 18.77 points or 0.58% to 3,280.46 Hang Seng decreased 96.51 points or -0.49% to 19,420.87 ASX 200 decreased 42.90 points or -0.58% to 7,311.70 Kospi decreased 11.08 points or -0.42% to 2,605.39 […]
ASIA: The Argentine government has reached an agreement with the People’s Bank of China to obtain US$1.7 billion in yuan through currency swaps. This will help them fulfill their payment obligations of US$2.7 billion to the International Monetary Fund. To cover the remaining balance, they will receive a loan of US$1 billion from the […]
ASIA: In July, India’s manufacturing activity showed a slight easing for the second consecutive month, as per a private business survey by S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) declined marginally to 57.7 from 57.8 in June but was slightly higher than expected (57.0). Despite the moderation, the pace of expansion remained healthy, with […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 412.99 points or 1.26% to 33,172.22 Shanghai increased 15.11 points or 0.46% to 3,291.04 Hang Seng increased 162.38 points or 0.82% to 20,078.94 ASX 200 increased 6.80 points or 0.09% to 7,410.40 Kospi increased 24.26 points or 0.93% to 2,632.58 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 28.07 points or -0.09% to 32,391.26 Shanghai increased 1.22 points or 0.04% to 3,237.70 Hang Seng increased 63.16 points or 0.33% to 19,413.78 ASX 200 increased 56.20 points or 0.78% to 7,303.10 Kospi increased 37.07 points or 1.43% to 2,628.30 […]
ASIA: China’s exports have experienced a significant decline, marking the fastest drop since the beginning of the COVID-19 pandemic three years ago. The weakened global economy has intensified the pressure on Chinese policymakers to implement new stimulus measures. In June, outbound shipments from China, the world’s second-largest economy, plummeted by a higher-than-anticipated 12.4% […]
ASIA: The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, which will last for nine months. This decision follows a staff level agreement reached between Pakistan and the IMF in the previous month. The financial support is crucial for Pakistan, which is facing economic challenges. Additionally, the United Arab […]
