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ASIA MARKETS
Duty waiver on petrochemical products extended till July 15Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension a...
Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI reportIndia's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil pri...
Economy resilient but risks from monsoon, geopolitical uncertainties remain: FinMin reportIndia's economy shows resilience despite a slight slowdown in some key indicators. While global commodity prices ease, risks loom from an u...
Indian economy remains exposed to energy price shocks: RBI reportIndia's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite ...
US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boomMarket strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He ad...
Tata Communications announces strategic subsea cable investments between India and SingaporeTata Communications is significantly boosting its subsea cable network between India and Singapore, investing in new fiber capacity to enha...
Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
Global Market: Financial firms shift Asia expansion focus to South Korea, take cautious stance on China and IndiaGlobal financial firms are increasingly prioritising South Korea for Asia-Pacific expansion while adopting a cautious approach towards Chin...
Capri Global eyes up to $500 million offshore bond issueCapri Global Capital is venturing into international markets for the first time, planning to raise $300-500 million through overseas bonds....
India tops Taiwan to reclaim fifth spot in global market capitalisationIndia has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India's second ascent in recent we...
China, India see top firms lose market cap share in AI lagMajor stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share...
Residential sales dip to lowest since Jan 2023 amid West Asia war, impacting buyer sentimentResidential sales in India experienced a significant dip in April-June, reaching the lowest point since early 2023. Geopolitical tensions a...
Toyota sales fall for fourth month in May as declines in China, US and Middle East weighToyota Motor Company experienced a 7.2% drop in global vehicle sales for May, reflecting a fourth straight month of downfall. This slump st...
AI investment boom may fuel financial risks: BISThe Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues...
The hidden reason global capital is looking beyond India for future growthForeign investors are reallocating capital away from India towards markets like Taiwan and South Korea that offer stronger exposure to AI a...
Chinese AI, chip firms are driving an onshore IPO reboundChina's tech IPOs are experiencing their strongest year since 2023, driven by Beijing's push for self-reliance in chip and AI sectors amid ...
GIFT Nifty tumbles over 150 points as global sell-off in AI stocks rattles sentimentGIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia...
Bank of America names new Southeast Asia investment banking head, memo showsBank of America has appointed Dominic Tan as its new head of Southeast Asia investment banking, a role he will juggle alongside his existin...
Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&PS&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply nor...
Global Market Today: Asia stocks rebound from tech selloff, Kospi jumpsAsian markets saw a cautious rebound Wednesday after a significant tech-led global selloff, reigniting worries about the AI rally's sustain...