Page 5 - Asian Economy

Thailand's cabinet backs $2.2 billion cash aid to boost economy, jobs

The Thai economy is forecast to contract by more than 8% this year, its worst annual performance on record, led by a slump in exports and tourism

Top headlines: Rajnath's statement on border row, Toyota halts expansion

From Rajnath Singh's statement on Ladakh stand-off to Apple's plans to shift manufacturing hub to India, Business Standard brings you top headlines of the day

Oil firms on US stimulus hopes, Asian demand recovery as economies reopen

Brent crude added 7 cents, or 0.2%, to $45.06 a barrel, as of 0027 GMT. West Texas Intermediate U.S. crude rose 14 cents, or 0.3%, to $42.08 a barrel

Foreign investors pull out $26 bn from Asian economies; $16 bn from India

In Europe, over 30 million people in Germany, France, the UK, Spain, and Italy have applied for state support, while first quarter 2020 data indicates that the eurozone economy contracted by 3.8%

Coronavirus: Foreign investors sell Asian equities worth $9 bn in March

Radhika Rao, an economist at DBS Bank, said the outbreak was expected to take an economic toll on the region given its proximity and strong trade and production linkages with China

COVID-19 will have significant impact on developing Asia's economy: ADB

The magnitude of the economic losses will depend on how the outbreak evolves which remains highly uncertain

Look West can't replace Act East

The European Union and the US are not ideal for us to get into a binding FTA

Rise of Asia will shift balance of global economic power by 2050: Nayyar

The rise of Asia represents the beginning of a shift in the balance of economic power in the world and some erosion in the political dominance of the West, he said

India's role in Asia after RCEP

India's "no" to RCEP reflects one of the many opportunities it has missed to become a solid global manufacturing base

Asia on track to top 50% of world GDP by 2040, says McKinsey report

Continent to drive 40% of global consumption; As Chinese wages have risen, nations like Vietnam, India and Bangladesh have grown yearly exports of labour-intensive goods by 15%, 8% and 7% respectively

Asian debt defaults likely to rise on shadow banking crackdown, rate hikes

China, India cited as main spots to watch for more nonpayments

India's richest saw $21 bn vanish in 2018, Shanghvi lost $4.6 bn: Bloomberg

Global trade tensions and concerns that stock valuations are too frothy hammered some of the area's biggest fortunes

Asia's central banks have little motivation to hike rates in 2019

The U.S. Federal Reserve on Wednesday raised rates for the fourth time this year, as expected, but signalled a slower pace of hikes in 2019 than it previously projected

Asia to meet growth forecasts in 2018 and 2019 amid trade war risks: ADB

ADB also kept its 6.6 per cent and 6.3 per cent growth projections for China as well as its 7.3 per cent and 7.6 per cent growth expectations for India for both years

Japan's rich have most cash in Asia, Chinese millionaires catching up

Indonesia showed a massive increase in total wealth held by HNWIs, to $661 billion from $184 billion in 2016

India among ten Asian economies to see robust GDP growth by 2030: Report

The report further said the demographic dividend that many Asian countries benefited from in the past may not be as valuable now

Business confidence among Asian firms surges to 7-year-high, says survey

The index for sentiment in China increased to 88 from 83

Asian economy: China's war on smog, slowing PMI in Japan, India hit growth

Taiwan's October PMI came in at 53.6, easing from September but still the highest reading in Asia