ASIA: India’s unemployment rate rose to a 16-month high in December as job creation in the slowing economy failed to keep pace with the growing workforce. The overall unemployment rate increased to 8.3 percent, up from 8 percent in November, according to data from the Centre for Monitoring Indian Economy Pvt. Ltd. That’s the […]
ASIA: Chinese Premier Li Qiang said on Thursday that he was committed to opening up and reforming the world’s second-largest economy, seeking to win over foreign investors even as trade and geopolitical tensions with the West loom large. Li, who spoke alongside the prime ministers of Malaysia, Singapore and Spain, earlier this week told a […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 365.53 points or 1.33 % to 27,883.78 Shanghai decreased 5.32 points or -0.16% to 3,240.06 Hang Seng increased 407.75 points or 2.06% to 20,192.40 ASX 200 increased 16.20 points or 0.23% to 7,050.30 Kospi increased 8.98 points or 0.37% to […]
ASIA: The US and Japan have agreed to not impose export duties on critical minerals needed for electric vehicle batteries. The agreement is aimed at reinforcing supply chains and reducing dependence on China, which currently dominates the sector. The US law requires 40% of critical minerals in eligible EV batteries to be extracted from […]
ASIA: Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]
ASIA: Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries […]
ASIA: China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers’ comfort with the country’s modest economic growth target for this year, set at around 5%, which is at the lower end […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 520.94 points or 1.93% to 27,466.61 Shanghai increased 10.10 points or 0.31% to 3,265.75 Hang Seng increased 332.67 points or 1.73% to 19,591.43 ASX 200 increased 60.20 points or 0.87% to 7,015.60 Kospi increased 28.61 points or 1.20% to 2,416.96 […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 20.74 points or 0.64% to 3,255.65 Hang Seng increased 258.05 points or 1.36% to 19,258.76 ASX 200 increased 56.90 points or 0.82% to 6,955.40 Kospi increased 9.15 points or 0.38% to 2,388.35 SENSEX increased 445.73 points or 0.77% […]
ASIA: A new report suggests that China is reducing its imports from the United States, with a decline in US exports to China in 2022, despite suggestions of record trade. The worsening of relations between the US and China since the Trump administration began imposing import tariffs on Chinese goods in 2018 has […]
