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
ASIA: GSMA estimates that between 2022 and 2025, operators in India will invest around ₹1.6 trillion in their networks, underpinning opportunities in the consumer and enterprise segments. Fifth generation technology, or 5G, could benefit the … Read more
ASIA: Japan’s economy grew more than initially reported in the second quarter, as the lifting of local COVID-19 restrictions boosted consumer and business spending. Gross domestic product (GDP) in the world’s third-largest economy expanded an … Read more
ASIA: US Trade Representative Katherine Tai suggested on Wednesday that punitive tariffs on Chinese imports will not drop until Beijing adopts more market-oriented trade and economic principles. Speaking at a discussion organized by the Carnegie … Read more
ASIA: India’s dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more … Read more
ASIA: The Japanese Yen is trading at a fresh 24-year low against the US dollar as the short-term yield spread between the two countries continues to widen. Two-year Japanese bonds are currently trading with an … Read more
ASIA: The southwestern Chinese capital of Chengdu announced a lockdown of its 21.2 million residents as it began four days of citywide testing for COVID-19 as some of the country’s most populous and economically important … Read more
ASIA: India’s economy grew 13.5% from a year ago in the April-June quarter, its fastest annual pace in a year, data released on Wednesday showed, though it is seen losing momentum in coming quarters as … Read more