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ASIAN ECONOMIES
Indian envoy to China rejects comparison with Pakistan on West Asia mediationIndia's envoy to China, Vikram Doraiswami, firmly rejected any comparison with Pakistan over West Asia's mediation roles, attributing it to...- Sri Lanka, Vietnam upgraded to 'upper-middle income' statusVietnam and the Philippines have officially joined the upper-middle income bracket, a significant upgrade by the World Bank following years...
- China’s factories cap best quarter since 2020, survey showsThis "two-speed" activity sees booming tech sectors contrasting with traditional exporters struggling due to weakening global demand. The p...
- Global Market Today: Asian stocks fall on Korean chip selloff, oil dipsAsian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also sur...
- US manufacturing activity eases in June; prices paid by factories remain elevatedUS manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has mod...
- World Bank to phase out China lending by 2031The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion un...
- China imposes 'national security' rules on overseas investmentsChina is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a ti...
- Global AI wave revs up Asian factories, offsetting war-induced painAsia's manufacturing sector experienced a significant boost in June, driven by robust demand for AI-related technology goods. This surge pr...
- Global funds revisit Indian stocks as oil, rupee risks recedeGlobal fund managers are reconsidering their exit from Indian stocks as falling oil prices and rupee stabilization ease key investment conc...
- Global Market Today: Asian stocks rise after US tech gains, yen steadyAsian markets surged, mirroring a strong US performance driven by chipmaker gains and resilient economic data. Investors are largely overlo...
- Below-normal monsoon won't derail rural demand, says Nomura's Mihir ShahDespite fears of a weaker monsoon, Nomura's Mihir Shah anticipates muted impact on rural demand due to healthy reservoir levels and improve...
- 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...
- Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministryThe Indian government has boosted its commitment to the National Investment and Infrastructure Fund (NIIF) by an additional Rs 30,000 crore...
- Indo-Pacific, the new Gulf: Geopolitics joins petronomics to infuse the region with new energyThe Indo-Pacific region is becoming a central energy hub as the US shifts focus from West Asian oil due to ongoing regional tensions and fl...
- Alternatives to OpenAI, Anthropic: With US prime AI off the table, India opts for fine ChinaChinese open-source models, already popular among startups due to lower costs, may now make their way to large enterprises looking to avoid...
- Global Market Today: Asian shares slip, oil pares climbGlobal markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in ...
- 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...
- Ayodhya princess still binds UP, South Korea through shared heritage: Yogi AdityanathUttar Pradesh Chief Minister Yogi Adityanath emphasized the historical bond between Uttar Pradesh and South Korea, citing the legend of Pri...
- Foreign inflows in Asian bonds surge to three-month high in MayIn May, Asian bonds observed a significant surge in foreign investments, marking the highest inflows in three months. This trend was fueled...
- Rupee cushioned by central bank hand even as dollar strength dents Asia FXThe Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening doll...
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