China ramps up yuan internationalisation under Belt and Road InitiativeChina is leveraging loans from its Belt and Road Initiative (BRI) to promote the yuan internationally and boost its share of global payment...
19 Oct, 2023, 11.14 AM IST
Soaring rice prices stretch budgets for billions in Asia, AfricaThe grain accounts to 60% of total calorie intake for Southeast Asia and Africa and about 70% in countries like Bangladesh.
10 Aug, 2023, 09.48 AM IST
Asia stocks slide as growth outlook darkensAsian stocks are headed for their worst week in three months as hotter-than-expected inflation reports and hawkish central bank surprises r...
23 Jun, 2023, 08.49 AM IST
How Singapore's job slowdown may impact non-resident Indians in city-stateAs of June 2021, Singapore has 7.5 per cent or 300,000 ethnic Indians, data from Singapore Department of Statistics showed. Singapore has a...
20 Jun, 2023, 03.46 PM IST
Asia bond traders have reasons to stay calm despite hawkish FedRelative to EM regions in Europe, the Middle East, Africa and Latin America, Asian notes have displayed lower sensitivity to Treasury yield...
09 Mar, 2023, 07.56 AM IST
Wall St keeps its poise ahead of Fed's last rate decision for 2022The Dow Jones Industrial Average rose 0.54%, the S&P 500 gained 0.58% and the Nasdaq Composite added 0.57% in early trading.
14 Dec, 2022, 10.21 PM IST
Asia's central banks deploy forex reserves in fighting currency bearsIndia, Thailand and Korea have seen their reserves drop by a combined $115 billion this year as they sold dollars to curb currency declines...
04 Aug, 2022, 10.58 AM IST
Global food inflation gets reprieve as wheat to palm oil tumblePalm oil slumped further into a bear market, dropping about 9% on Monday and another 1.8% on Tuesday, as top shipper Indonesia ramps up shi...
21 Jun, 2022, 12.39 PM IST
Global manufacturing rebound falters as war takes its tollIn Asia, manufacturing hubs South Korea and Vietnam saw the sharpest downturn in their PMIs. Taiwan, Thailand and Malaysia also declined, w...
02 Apr, 2022, 09.55 AM IST
Asia’s central banks have built a buffer against surging yieldsThe increase reflects intervention in foreign-exchange markets and positive valuation effects that pushed total holdings to $5.74 trillion,...
26 Feb, 2021, 10.38 AM IST
Weaker dollar is a reprieve for central banks hoping to easeA 10 per cent decline in the Bloomberg dollar index since its March high has stemmed a tide of capital outflows triggered by the coronaviru...
12 Aug, 2020, 09.01 AM IST
Guardians of the world economy stagger from rescue to recoveryCreating jobs will be critical to cementing any upswing. More than one in six people stopped working.
07 Jun, 2020, 05.28 PM IST
Fed's long pause opens door for Asian central banks to cut ratesThe focus is shifting to domestic concerns as the primary driver of monetary policy.
21 Mar, 2019, 05.32 PM IST
BRICS dreams fade as trade spats, border tensions cloud meetingThis tension is likely to get worse rather than better in the coming decade and will reduce the ability of the BRICS group to speak with on...
13 Jul, 2018, 10.48 AM IST
Southeast Asia finds China love as Xi pushes 'One Belt, One Road' dreamJust this month, Xi pledged 540 billion yuan in financing and encouraged state-run banks to contribute another 300 billion yuan to support ...
31 May, 2017, 07.03 AM IST
RBI's surprise tightening shows Asian peers how to stem inflationBank of Thailand may mull steps to discourage short-term capital inflows; Indonesia, Philippines may opt for policy levers rather than lift...
07 Apr, 2017, 11.01 AM IST
- China lets yuan rise faster before Paulson meeting
China’s government increased the amount its currency can appreciate, raised interest rates and curbed bank loans to tame a runaway economy ...
19 May, 2007, 03.10 AM IST