ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance Corporation (IFC). The five cornerstone banks are Bank of China (Hong Kong), Citigroup, Crédit Agricole CIB, HSBC, and Standard Chartered. […]

ASIA: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump to combat the current high inflation. Biden has said he is considering removing some of the tariffs […]

ASIA:   The major Asian stock markets had a mixed day today:   NIKKEI 225 increased 290.34 points or 1.04% to 28,234.29   Shanghai increased 22.03 points or 0.68% to 3,263.79   Hang Seng increased 482.92 points or 2.24% to 22,014.59   ASX 200 increased 25.40 points or 0.36% to 7,121.10   Kospi decreased 0.19 […]

ASIA: China is moving to spur spending that was depressed by COVID curbs in some of its biggest cities, but piecemeal measures such as vouchers, subsidies for car buyers and digital yuan payments have been modest compared with other big global economies. Policymakers have instead stuck to their preferred approach to stimulus, which focuses on […]

ASIA: Global markets fell sharply on Monday as fears over rising inflation and a slowdown in China’s export growth fueled worries about the health of the world economy. Analysts said the slowdown showed that the world’s second largest economy was suffering from the lockdowns in big cities such as Shanghai, which have affected factory production […]

  ASIA: China “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the island plays in global supply chains. The United States and Taiwan announced the U.S.-Taiwan Initiative on 21st Century Trade […]

ASIA: India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, Reuters reported. Shipments that have been allowed moved mainly to Bangladesh, the Philippines, Tanzania and Malaysia, said a senior government official, who […]

ASIA: U.S. authorities are ready to implement a ban on imports from China’s Xinjiang region when a law requiring it becomes enforceable later in June, a U.S. Customs official said on Wednesday, adding that a “very high” level of evidence would be required for an exemption. U.S. President Joe Biden in December signed into law […]

ASIA: China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns about economic growth in the second quarter. The official manufacturing purchasing managers’ index (PMI) rose to 49.6 in May from 47.4 in April, the […]

ASIA: The Indian government is likely to stick to its fiscal deficit target as specified in the budget, and there may not necessarily be a need for increased government borrowing just yet, governor Shaktikanta Das said in an interview on Monday. Experts said the moves would likely increase fiscal concerns and raise doubts about the […]