ASIA: India’s retail inflation is set to ease from September levels, while economic activity is poised to expand, the Reserve Bank of India said in its monthly bulletin published on Monday. India's retail inflation accelerated in September to a five-month high of 7.41% from a year earlier as food prices surged. RBI said the persistence
ASIA: Growth in India's services industry eased to a six-month low in September, led by a cooling in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers' Index fell to 54.3 in September from August's 57.2, lower than the Reuters poll expectation of 57.0. However, the September reading stayed
ASIA: Business sentiment among Japanese manufacturers worsened for a third straight quarter from July to September, according to a survey by the central bank, as the world's third-largest economy struggled with rising costs, a slumping yen and pandemic restrictions. The business outlook for major manufacturers fell to plus-8 in September from plus-9 in June,
ASIA: The Agricultural Bank of China will provide more than 300 billion yuan ($43.3 billion) in loans to support the country's autumn harvest and planting, China Central Television (CCTV) reported on Monday. According to a CCTV report, the loan will focus on areas including grain production, storage of agricultural products, cold chain logistics and
ASIA: To stabilize China's foreign exchange market and support the value of the yuan, the country's central bank, the People's Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange