ASIA: India’s economy is forecast to grow by 7% this year, making it the 5th largest in the world, the International Monetary Fund (IMF) said. India's economy has overtaken the United Kingdom's in terms of size, making it the fifth biggest. That's according to the latest figures from the International Monetary Fund. India's growth
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: A Hong Kong court on Friday increased a jail sentence to five years, in line with a China-imposed national security law, for a student who called for independence from China in posts on the Telegram messaging service. He has been in detention since September 2020, after police raided his flat and found a pepper
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 205.82 points or -0.73% to 27,821.43 Shanghai decreased 14.39 points or -0.44% to 3,252.20 Hang Seng decreased 235.18 points or -1.06% to 21.996.85 ASX 200 decreased 14.90 points or -0.20% to 7,499.60 Kospi increased 10.91 points or 0.40% to 2,757.65
Spread the lovemore ASIA: Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, a Reuters poll of economists showed on Monday. The forecast was much lower than the robust expansion expected in January’s projection in a sign of the […]