ASIA: The ruling Communist Party of China has expelled Liu Liange, the former chairman of the state-owned Bank of China, from the party due to allegations of illegal activities and bribery. The Central Commission for Discipline Inspection (CCDI) accused him of granting loans illegally, causing financial risks, importing prohibited publications, accepting bribes, and enjoying entertainment […]

ASIA:   The International Monetary Fund (IMF) has raised its growth forecast for India in 2023 to 6.3%, aligning it with its unchanged projection for 2024. This upward revision is due to “stronger-than-expected consumption” during the April-June quarter. The IMF also anticipates that India’s growth will be the highest among developing economies, even as global […]

ASIA:   China is expected to meet its 2023 economic target with a 5.1% GDP growth prediction for the fourth quarter, according to the Institute of Economics at the Chinese Academy of Social Sciences. However, they also noted a slowdown in growth, with 4.6% growth in the third quarter, down from 6.3% in the second […]

  ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 80.69 points or -0.26% to 30,994.67 Shanghai closed Hang Seng increased 272.11 points or 1.58% to 17,485.98 ASX 200 increased 28.70 points or 0.41% to 6,954.20 Kospi increased 5.13 points or 0.21% to 2,408.73 SENSEX increased 364.06 points or […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 548.48 points or 1.80% to 31,075.36 Shanghai closed Hang Seng increased 18.03 points or 0.10% to 17,213.87 ASX 200 increased 35.30 points or 0.51% to 6,925.50 Kospi decreased 2.09 points or -0.09% to 2,403.60 SENSEX increased 405.53 points or 0.62% […]

  ASIA:   Japanese Prime Minister Kishida Fumio is addressing the challenges posed by rising energy and food prices. He recently emphasized the critical state of Japan’s economy and instructed his Cabinet ministers to develop economic measures for a supplementary budget. These measures aim to tackle issues like inflation, wage increases, investment in domestic semiconductor […]

ASIA:   The World Bank has maintained its economic growth forecast for India at 6.3% for the fiscal year 2024 (FY24), which is the same as its previous estimate in April. This growth projection is attributed to a slowdown from the 7.2% growth observed in FY23, primarily due to adverse global factors affecting foreign demand […]

ASIA:   Business sentiment in Japan improved in the third quarter, according to a central bank survey. This suggests that the conditions for a strong economic recovery are coming together, despite global economic challenges. Companies also maintained their plans for robust spending and faced a tight labor market, indicating that the Bank of Japan may […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 14.90 points or -0.05% to 31,857.62 Shanghai closed Hang Seng increased 436.63 points or 2.51% to 17,809.66 ASX 200 increased 23.80 points or 0.34% to 7,048.60 Kospi closed SENSEX increased 320.09 points or 0.49% to 65,828.41 Nifty50 increased 114.75 points […]

ASIA:   Japan’s Prime Minister Fumio Kishida has announced a forthcoming economic stimulus package aimed at alleviating the impact of rising prices and increasing wages for households. The plan includes steps to combat cost-push inflation, support sustainable wage growth, stimulate domestic investment, address population decline, and encourage infrastructure spending. Kishida intends to steer the Japanese […]