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September 1, 2022
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 cities battle outbreaks. Residents of Chengdu, the capital of Sichuan province, were ordered to stay at home from 6 p.m. […]
August 31, 2022
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 higher interest rates cool economic activity. June quarter growth, driven by manufacturing and services, such as accommodation and travel, rebounding […]
August 30, 2022
ASIA: Singapore’s key measure of consumer prices rose again at the fastest pace in more than 13 years in July, official data showed on Tuesday, increasing pressure on the central bank to consider further policy tightening later this year. The acceleration in inflation was mainly due to stronger growth in food, electricity, and gas prices, […]
August 29, 2022
ASIA: Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, […]
August 26, 2022
ASIA: India’s cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement. India banned wheat exports in mid-May as a scorching heatwave curtailed output and domestic prices hit a record high. In July India asked traders to secure permission before exporting […]
August 25, 2022
ASIA: In its monthly economic report, the Japanese government described its economy as “growing modestly,” leaving the overall rating unchanged from the previous month, while noting an upward revision of factory output. Factory output showed signs of recovery, the report said, compared to July, when output appeared to be flat. This marked the first upgrade […]
August 24, 2022
ASIA: Foreigners are returning to Indian stocks after dismissing them in the first half as they seek higher yields amid expectations that major central banks will slow their growth cycles as price pressures ease. Foreigners have invested $6.4 billion in Indian stocks since the start of July, after spending more than $27 billion in the […]
August 23, 2022
ASIA: Growth in Japanese factory activity slowed to a 19-month low in August as declines in output and new orders deepened, amid mounting pressure from sustained rises in raw material and energy prices and weakening global demand. Activity in the services sector fell for the first time in five months as a drop in new […]
August 22, 2022
ASIA: China cut its benchmark interest rate and cut its benchmark mortgage loan by a wider margin on Monday, adding to last week’s easing measures as Beijing ramps up efforts to revive an economy battered by an asset crisis and a resurgence of COVID-19 cases. The People’s Bank of China (PBOC) is walking a tightrope […]
August 19, 2022
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 11.81 points or -0.04% to 28,930.33 Shanghai decreased 19.47 points or -0.59% to 3,258.08 Hang Seng increased 9.12 points or 0.05% to 19,773.03 ASX 200 increased 1.70 points or 0.02% to 7,114.50 Kospi decreased 15.36 points or -0.61% to 2,492.69 […]