ASIA: Singapore is now the seventh most innovative economy in the world, up one spot from its ranking in 2021. The rankings are in accordance with the Global Innovation Index 2022, a report released by … Read more
ASIA: To stabilize China’s foreign exchange market and support the value of the yuan, the country’s central bank, the People’s Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio … Read more
ASIA: The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. … Read more
ASIA: The Reserve Bank of India is set to raise interest rates again next week with a slim majority of economists in a Reuters poll expecting a half-point hike and some others expecting a smaller … Read more
ASIA: Taiwan will never allow China to “meddle” in its future, the government said on Wednesday, after a Chinese government spokesperson said Beijing was willing to make the utmost effort to strive for a peaceful … Read more
ASIA: China left its benchmark interest rates unchanged at a one-month peg on Tuesday, as expected, as authorities appeared to delay immediate monetary easing after the local currency fell sharply and central banks tightened policy … Read more
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai decreased 10.80 points or -0.35% to 3,115.60 Hang Seng decreased 195.72 points or -1.04% to 18.565.97 Kospi decreased 27.12 points … Read more
ASIA: China’s biggest banks cut their key deposit rates across the board for the first time since 2015, a move to help boost lending to support growth in the world’s second-largest economy. Seven major banks, … Read more
ASIA: India’s merchandise trade deficit in August widened to $27.98 billion from $11.71 billion a year earlier, revised data released by the government showed on Wednesday. India’s merchandise exports rose to $33.92 billion from $33.38 … Read more
ASIA: China’s central bank carried out 2-billion-yuan (about $289 million) worth of reverse repos on Wednesday to maintain liquidity in the banking system. The interest rate for the seven-day reverse repo was set at 2 … Read more