Asia Economy
Modi’s BJP-led alliance projected to win parliamentary majority in India’s election, exit polls show
Indian Prime Minister Narendra Modi addresses a public meeting at Jerenga Pathar in the Sivasagar district of India’s Assam state on Jan. 23, 2021. Biju Boro | AFP | Getty Images India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya […]
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China’s new home prices inch up for 9th month in May, survey shows
A real estate complex under construction in Huai ‘an city, Jiangsu Province, China, June 20, 2023. Costfoto | Nurphoto | Getty Images New home prices in China rose slightly for a ninth month in May, a private survey showed, driven higher by a slew of supportive steps to prop up the nation’s crisis-hit property sector. […]
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India’s economy grows faster-than-expected in Jan-March on strong manufacturing
Employees check the trunk door on the bodywork of a Volkswagen AG Vento automobile on the production line at the Volkswagen India Pvt. plant in Chakan, Maharashtra, India, on Thursday, Sept. 11, 2014. Udit Kulshrestha | Bloomberg | Getty Images India’s economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped […]
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Japan confirms first currency intervention since 2022 with $62 billion in spending
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Images Data from Japan’s Ministry of Finance Friday confirmed the country’s first currency intervention since 2022, after […]
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‘No big deal’: Mark Mobius says he’ll stay bullish on India no matter the election results
Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC’s The Exchange on March 27th, 2024. Adam Jeffery | CNBC Veteran emerging markets investor Mark Mobius said India’s election outcome will not change his bullish views on the country. The world’s most populous nation kicked off a multi-phase election on April 19, as nearly one […]
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Asia’s top 4 up-and-coming rental markets that may be challenging traditional property hubs
Bangkok, Thailand has seen an 18.1% growth in residential rental prices on a year-on-year basis, according to JLL. Alexander Spatari | Moment | Getty Images Singapore and Hong Kong are generally considered Asia’s more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even […]
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Asia markets set for a mixed open on data-heavy day
An investor watching share prices at the securities trading floor of Asia Commercial Bank in Hanoi, Vietnam. Hoang Dinh Nam | AFP | Getty Images Asia-Pacific markets were set for a mixed open on Friday as investors awaited data from major economies across the region. Japan is set to release industrial production figures, while China […]
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S&P upgrades outlook on India’s sovereign rating to ‘positive’
Narendra Modi, India’s prime minister, arrives at the Bhartiya Janata Party (BJP) headquarters in New Delhi, India, on Sunday, Dec. 3, 2023. India’s ruling Bharatiya Janata Party won three crucial state elections and unseated the opposition in two of them, strengthening Modi’s bid for a third term in office. Prakash Singh | Bloomberg | Getty […]
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South Korean tech conglomerate SK Inc. surges 16% soon after chair’s $1 billion divorce settlement
Chey Tae-gained, billionaire and chairman of SK Team, prepares to leave soon after speaking through the Nikkei Discussion board Upcoming of Asia in Tokyo, Japan, on Thursday, May 23, 2024. Kiyoshi Ota | Bloomberg | Getty Photographs Shares of SK Inc., just one of South Korea’s major conglomerates, surged as much as 16% on Thursday […]
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Google to invest $2 billion in Malaysia and create details center to capture climbing AI desire
The Google corporate emblem hangs outside just one of its offices on August 31, 2021. Sean Gallup | Getty Photographs Google on Thursday reported it will invest $2 billion in Malaysia, with part of the resources going towards building its 1st details center and cloud area in the region, as the demand from customers for […]
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