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 […]
ASIA: Walt Disney is considering various strategic options for its Star India business, such as a joint venture or a sale, according to sources familiar with the matter. The company has engaged in discussions with at least one bank to explore opportunities for growth and cost-sharing for the India business. However, the talks are […]
ASIA: In June, China experienced a significant decline in producer prices, reaching their lowest level in over seven years, while consumer prices approached deflation. This reinforces the need for policymakers to implement additional stimulus measures to stimulate weak demand. The producer price index (PPI) has been decreasing for nine consecutive months, falling by 5.4% […]
ASIA: Singapore’s central bank, the Monetary Authority of Singapore (MAS), has provided a somber assessment of the country’s economy. The MAS predicts ongoing challenges, including sluggish growth, inflation, and the possibility of a technical recession. Although the MAS has lowered its inflation forecast for 2023, it acknowledges that the battle against rising consumer […]
