Page 4 - Asia Economy

Asian shares fall in early trade amid jitters over missile strike in Poland

Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there. Benchmarks fell in morning trading in Tokyo, Sydney, Seoul and Hong Kong, while shares were little changed in Shanghai. Ukrainian President Volodymr Zelenskyy decried the blast as a very significant escalation of the war. Details were unclear, including who fired the missile. The Polish government said it was investigating. President Joe Biden, in Indonesia for the Group of 20 summit, promised full U.S support for and assistance with Poland's investigation. Japan's benchmark Nikkei 225 lost 0.2% in morning trading to 27,924.63. Australia's S&P/ASX 200 slipped 0.3% to 7,121.60. South Korea's Kospi shed 0.3% to 2,472.97. Hong Kong's Hang Seng fell nearly 0.2% to 18,308.00, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,135.88. Asian equities were defensive on Wednesday, with geopolitical tensions ...

EvolutionX Debt Capital makes maiden investment in PharmEasy parent firm

Debt financing platform's investment amount was not revealed; it will make equity infusion later

Asia now world's largest debtor and saver; high risk of debt distress: IMF

Asia's economies will need to focus on fiscal stability in order to offset surging debt and to support monetary policy, the International Monetary Fund has warned.

Stagflation-free Asia leaving taper tantrums behind as currencies fare well

The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade.

Global recovery is sending flares as manufacturing takes a hit in Asia

All the attention devoted to inflation slaying is muting some disturbing signs on the growth side of the equation

India opts out of trade talks with a US-led group of Asian nations

Known as IPEF, the initiative is an effort by President Joe Biden's administration to deepen ties with Asian nations through a range of issues including trade, climate change, supply chains and tax

World Coconut Day 2022: Wishes, WhatsApp status and top 10 facts

World Coconut Day 2022: World Coconut Day will be celebrated globally to acknowledge the importance of coconuts in our life. What is its origin? Why is it celebrated? Read this article to know better

Asia continues global stock selloff as Fed tightening fears flare

Japan's Nikkei sagged 0.6%, while Australia's share benchmark slid 0.4% and South Korea's Kospi lost 0.5%

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes

Energy crisis set to become worse in debt-ridden countries of South Asia

Emerging markets across the world have been devastated by surging commodity prices following Russia's invasion of Ukraine

Asia's factories feeble despite China bounce, feeds global recession fears

China's manufacturing activity expanded at its fastest in 13 months in June, a private survey showed, as the lifting of Covid lockdowns sent factories racing to meet solid demand

As China deals with Covid, nearly 1 in 4 European firms consider moving out

Of the firms considering a shift in investment, 16% said they were looking at relocating to Southeast Asia, while 18% said they were looking elsewhere in the Asia-Pacific region

Cotton rally squeezes Asian garment makers, threatens recovery from Covid

Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations

Asia's factory activity slows in May as China's Covid curbs weigh

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia, business surveys showed

Highest inflation in Tokyo in over three decades makes things tough for BOJ

While Tokyo's inflation is finally approaching the 2% level targeted by the BOJ, the April figures are unlikely to prompt the central bank to cut back its monetary easing

New Sri Lanka central bank boss calls monetary policy meet on Friday

Nandalal Weerasinghe, a former senior deputy governor of the Central Bank of Sri Lanka who has worked with the IMF, will replace Cabraal on Thursday

Time for India to step up support to its neighbours, says Jaishankar

Speaking at the Asia Economic Dialogue via video conferencing, he cited the Indian government's efforts to deal with the Covid pandemic, saying free rations were given to 800 million people

Japan's industrial output dropped 1% MoM in December 2021

Japan's industrial output dropped in December 2021 from a month earlier, the government said in a report on Monday

Saudi Arabia may raise March crude oil prices for Asia on robust demand

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil.

Global natural gas shortage worsens as India, Indonesia join the hunt

Indian Oil Corp. and Gujarat State Petroleum Corp. have recently bought spot cargoes of liquefied natural gas after being absent from the market for months, according to traders