ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 315.82 points or -1.20% to 26,107.65 Shanghai decreased 48.68 points or -1.43% to 3,355.35 Hang Seng decreased 266.41 points or -1.22% … Read more
ASIA: India’s gold imports in June nearly trebled from year-ago levels on correction in prices and as jewelers replenished inventories after robust sales during a key festival, Reuters reported. Higher imports by the world’s second-biggest … Read more
ASIA: China’s huge manufacturing and service industries just saw their first month of growth since February, according to surveys published Thursday, as Covid restrictions were eased in many cities. But the shadow of further lockdowns … Read more
ASIA: China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict COVID lockdown in Shanghai, reviving output and consumer spending. The official … Read more
ASIA: Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said on Tuesday, … Read more
ASIA: China’s Premier Li Keqiang said that China’s economy has recovered to some extent, but its foundation is not solid. Speaking to state media he further added that China will strive to drive the economy … Read more
ASIA: China’s economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. Economic activity picked up in June after financial hub Shanghai lifted its lockdown, allowing businesses to restart … Read more
ASIA: A shortage of cash dollars and forward market intervention by the Reserve Bank of India which has pushed onshore 1-year forward premiums to their lowest levels in more than a decade could pressure the … Read more
ASIA: Chinese President Xi Jinping made a rare statement Wednesday about his country’s aims to achieve its economic goals for the year. Investment analysts have cut their forecasts for China’s GDP growth to well below … Read more
ASIA: Some Bank of Japan board members were concerned that excessive currency volatility could disrupt corporate business plans, minutes of the bank’s April meeting showed, highlighting the challenge for policymakers from the yen’s sharp declines. … Read more