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ASIA: Japan's inflation-adjusted gross domestic product shrank 0.3% in August from July as exports to China and Europe fell, as local demand remains sluggish, the Japan Center for Economic Research said in a report released on Tuesday. It is the first month-on-month contraction since May for the world's third-largest economy, owing largely to external factors,
ASIA: The Biden administration plans to expand restrictions on US shipments to China of semiconductors used in artificial intelligence and chip-making tools next month, Reuters reported. The Commerce Department intends to publish new regulations based on restrictions announced earlier this year in letters to three US companies - KLA Corp, Lam Research Corp and Applied
ASIA: According to Morgan Stanley analysts, India is likely to be the fastest growing Asian economy by 2022-23. They expect India's gross domestic product growth to average 7 percent over the period the strongest among major economies and contribute 28 percent and 22 percent to growth in Asia and 22 percent, respectively. Much
ASIA: India is set to surpass China as the world's most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth. The world's population, estimated to reach 8 billion by Nov. 15 this year, could grow