ASIA: China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into … Read more
ASIA: Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean, and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market … Read more
Goldman Sachs on Monday posted profit and revenue that exceeded analysts’ estimates as fixed income traders generated roughly $700 million more revenue than expected. Here’s what the company reported compared with what Wall Street was expecting, … Read more
ASIA: China will fare the worst if spiking inflation, slowing growth, and rising interest rates lead to stagflation, according to the results of a stress test of 20,000 companies conducted by credit rating agency, S&P … Read more
ASIA: Singapore’s economy grew 4.8 percent year-on-year in the second quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (Jul 14). On a quarter-on-quarter seasonally adjusted … Read more
ASIA: China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. … Read more
ASIA: India is set to surpass China as the world’s most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high … Read more
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 295.11 points or 1.11% to 26,812.30 Shanghai decreased 42.49 points or -1.27% to 3,313.58 Hang Seng decreased 601.58 points or -2.77% … Read more
ASIA: Japan’s household spending posted a surprise drop in May, falling for the third consecutive month as the global chip shortage hurt car sales in a worrying sign for the outlook of the world’s third-largest … Read more
ASIA: Japanese Ambassador to Sri Lanka Mizukoshi Hideaki on Friday said that Japan is ready to support Sri Lanka for its economic program with the International Monetary Fund (IMF) and for the development activities of … Read more