Asia
Trade deficit widens in India
The trade deficit for May was US$16.3 billion even as imports declined.
Trade deficit widens in India
The trade deficit for May was US$16.3 billion even as imports declined.
Hong Kong issues measures supporting liquidity in offshore RMB market
The move is said to be in response to tighter RMB liquidity conditions due to recent deposit withdrawals.
Asian markets down following Spain's rating downgrade
Weak US retail sales data also weighed on risk sentiment.
Caution on Chinese banks spreading to Asian counterparts
A contagion of worry looms over Asia-Pacific as weakened Chinese banks threaten to trigger a domino fall effect.
Immediate changes to the HKD peg unlikely: analyst
Given problems with the alternatives, BBVA Research does not think changes to the HKD peg will happen in at least the next 3-5 years.
Japanese life insurers’ credit profile set for improvement
Fitch Ratings says insurers in Japan will continue to reduce risks in investments and benefit from improving underwriting fundamentals.
Bank of Thailand keeps a wary eye on the European crisis
Slower export growth owing to the global economic crisis could sour the inroads gained by the Thai economy.
Singapore bucks the trend amidst upbeat Asian markets
Markets across Asia ended mainly in positive territory but that in Singapore fell 0.4%.
Inflation in India could worsen to 7.4%
Pressure to reduce subsidies and a weakening rupee are furthering inflation-related risks.
Korea's fastest aging population is a growth buster
Potential growth will decline to 2.5% by 2050 as the country faces a contracting working-age population beginning 2016.
Bank of Indonesia struggles to keep the rupiah stable
The rupiah is currently the worst performing currency in SE Asia having depreciated by 4% against the US dollar.
Asia Pacific overtakes Europe in duty free and travel retail sales
It is the first time ever for the booming region to claim top spot with sales of US$16 billion in 2011.
Asian equities respond favourably to EU bailout
Markets were in positive territory with Hong Kong outperforming up almost 2%.
China growth slows but total crash still impossible: CIMB
Nothing short of a worldwide recession will push the resilient Chinese economy to a full meltdown, says the brokerage firm.
China's April - May power demand worse than expected
The unusually weak demand is giving China’s power producers cause for worry.
Japan public debt spinning out of control
It has reached 225% of GDP as of end-2011 and slow fiscal consolidation has forced Fitch to issue credit downgrades.
China cuts interest rates for the first time in 42 months.
But what surprised analysts more was the government’s move to give banks the flexibility to offer higher loan rates and lower borrower’s costs.
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