ASIA: According to Morgan Stanley analysts, India is likely to be the fastest growing Asian economy by 2022-23. They expect India’s gross domestic product growth to average 7 percent over the period — the strongest … Read more
ASIA: Japan ran a current account deficit for the first time in 5 months in June as rising imports eclipsed exports, data showed on Monday (Aug 8), underscoring the pressure on the economy from higher … Read more
ASIA: China’s export sector posted strong growth in July, providing a much-needed boost to the world’s second-largest economy, which is almost certain to miss its GDP target this year. Exports measured in US dollars jumped … Read more
ASIA: China’s consumer inflation could soon surpass 3%, CICC said. A global inflation wave that has largely bypassed the world’s second-largest economy may eventually hit prices there. Consumer price inflation in China has remained relatively … Read more
ASIA: China continued military exercises near Taiwan and flew drones near Japan on Friday, escalating cross-strait tensions that have threatened to boil over since Taipei welcomed US House Speaker Nancy Pelosi for a historic visit. … Read more
ASIA: Growth in India’s dominant services sector slowed sharply in July, weighed down by high inflationary pressures and weaker demand, leading to a further decline in business expectations, a private survey showed. The S&P Global … Read more
ASIA: China announced on Tuesday that its People’s Liberation Army (PLA) would launch a series of targeted military operations on the island in response to House Speaker Nancy Pelosi’s visit to Taiwan and its resolute … Read more
ASIA: Factory activity in India grew at the fastest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price … Read more
ASIA: China’s manufacturing PMI fell to 50.4 in July from 51.7 the previous month, according to media reports on August 1. That was below market analysts’ expectations of 51.5 for July, but above the 50-point … Read more
ASIA: Japan’s central bank forecast inflation would exceed its target this year in new forecasts on Thursday but kept interest rates ultra-low, signaling its determination to remain an outlier in a wave of global central … Read more