Asia Economy

Shares of Restaurants Brand Asia soared up to 5 per cent at 113.92 per share on the BSE in Friday's intraday. This came after the company informed the Indian exchanges about the bulk deal

With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter

China's factory activity shrank more slowly in January after Beijing lifted tough Covid curbs late last year, a private sector survey showed

The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel

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 ...

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

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.

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.

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

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

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

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

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

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

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

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

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

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

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