Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. “Every sector of the economy … Read more
The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over global banks’ exposure to souring real estate bets. Akio Kon … Read more
Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Roslan Rahman | Afp | Getty Images International tourist arrivals to Singapore more than doubled in 2023, surging to 13.6 million compared to 2022’s figure of 6.3 million. The Singapore Tourism Board said this in line with … Read more
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure … Read more
A worker inside a bending and welding workshop for wind turbine towers at a CS Wind Corp. factory in Tan Thanh, Ba Ria-Vung Tau Province, Vietnam, on Wednesday, Feb. 15, 2023. Renewables will dominate the growth of the worlds electricity supply over the next three years, according to the International Energy Agency, as countries race to get … Read more
India’s Finance Minister Nirmala Sitharaman along with her staff poses for pictures as she leaves the Finance Ministry Office to present the annual budget in parliament in New Delhi on February 1, 2024. Sajjad Hussain | Afp | Getty Images India’s finance minister, Nirmala Sitharaman, said on Thursday the country’s fiscal deficit for financial year … Read more
Several bills, each with a value of 100 Chinese renminbi, lie on a table. Johannes Neudecker | Picture Alliance | Getty Images China’s factory activity expanded for a third-straight month in January, a private-sector survey showed on Thursday, helped by the first expansion in new export orders in seven months. Thursday’s print though, extended a … Read more
Pedestrians walk past a Caixin Weekly magazine, published by Caixin Media Co., on display at a news stand in Beijing, China, on Sunday, March 6, 2016. Qilai Shen | Bloomberg | Getty Images The International Monetary Fund revised up its growth forecast for developing Asia economies in 2024 as it remained optimistic on India, but … Read more
LIANYUNGANG, CHINA – JANUARY 17, 2024 – A large number of cars are ready to be shipped for export at the port of Lianyungang, Jiangsu province, China, January 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images BEIJING — China failed to replace Japan as … Read more
