ASIA: The 2022 Asian Para Games that were scheduled to take place in the Chinese city of Hangzhou have been postponed due to the COVID-19 pandemic, the Asian Paralympic Committee (APC) and the Games’ organizing … Read more
ASIA: India’s wheat export ban has trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market. India banned wheat exports on … Read more
ASIA: Sri Lanka’s main opposition party joined anti-government protesters on Friday in rejecting the appointment of a new prime minister and insisted the president resign to take responsibility for the country’s disastrous economic crisis. President … Read more
ASIA: India has asked its central bank to either buy back government bonds or conduct open market operations to cool yields that have hit their highest since 2019, as inflation risks push foreign investors to … Read more
ASIA: China’s central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption. Financing institutions should … Read more
ASIA: The Japanese yen weakened to more than 130 to the dollar on Thursday for the first time since April 2002, after the Bank of Japan reinforced its commitment to low interest rates despite rising … Read more
ASIA: India will provide a subsidy of 609.4 billion rupees ($7.96 billion) for phosphatic and potash-based fertilizers over the coming months to insulate farmers from higher global prices, the government official informed. The subsidy will … Read more
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 313.48 points or -1.17% to 26,386.63 Shanghai increased 71.86 points or 2.49% to 2,958.28 Hang Seng increased 11.65 points or 0.06% … Read more
Reports are circling that the Biden Administration has begged Germany to hold off on banning Russian oil until after the midterm elections. The Democrats are so desperate to win amid their record-low popularity that they are … Read more
ASIA: Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt … Read more
