Asia shares subdued, dollar encouraged by U.S. rate risk

Breadcrumb Trail Links PMN Business Author of the article: Article content SYDNEY — Asian share markets were mostly softer on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes. Markets quickly moved to price around a … Read more

T20I: Iyer, Hooda to fight for Asia Cup berth as India look for series win

Shreyas Iyer’s performance will be under intense scrutiny as India gear up for the back-to-back T20I games against West Indies, starting here on Saturday, with the twin objective of winning the series and also firming up squad for T20 World Cup. India are currently leading the five-match series 2-1 … Read more

Europe and Asia intensify battle to secure gas supplies

The battle between Asia and Europe to lock in gas supplies is stepping up a gear, heightening the risks of a further surge in prices that would add fresh fuel to the cost of living crisis. Japan and South Korea, the world’s second and third-biggest importers of liquefied natural gas, are looking to secure supplies … Read more

Asia stocks fall as China warns against Nancy Pelosi visit to Taiwan

Stocks fell and US government bond prices rose as US House Speaker Nancy Pelosi’s expected visit to Taiwan raised the prospect of a forceful response from China’s military. Hong Kong’s benchmark Hang Seng index fell as much as 3.2 per cent on Tuesday, later trimming some of its losses. China’s CSI 300 index of Shanghai- … Read more

Chinese anger over Taiwan visit grows after Pelosi departs on Asia tour

China has escalated its threats over Nancy Pelosi’s potential visit to Taiwan this week and conducted naval exercises across the region, just hours before the US House Speaker was expected to arrive in East Asia. Pelosi’s office announced that a Congressional delegation headed by the Speaker had departed on Sunday for Singapore, Malaysia, South Korea … Read more

India to contribute in economic growth of Middle East, S Asia under I2U2

India has said it has vital stakes in peace and prosperity in the Middle East and through the newly-formed I2U2 grouping and it is confident of making significant contributions to energy, food security and economic growth in the region and South Asia. Four-nation grouping I2U2 comprises India, Israel, the … Read more

Unstoppable Dollar Risks Worsening $71 Billion Asia Stock Exodus

Breadcrumb Trail Links PMN Business The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half. Author of the article: Bloomberg News Ishika Mookerjee Publishing date: Jul 16, 2022  •  36 minutes ago  •  3 minute read  •  Join the conversation … Read more

Surprise tightening in Asia ups pressure on dovish central banks

Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists. Thailand, which has kept its key rate at a record low to bolster the economy’s recovery, is seeing … Read more

us recession news: Indian bonds will suffer most in Asia in a US recession scenario

US recession risks are reverberating across the emerging Asian debt complex and nowhere is this more apparent than in Indian sovereign bonds. Rupee debt has proven to be the most sensitive to an inversion of the US curve in the past and this time is unlikely to be different, according to a Bloomberg study which … Read more

Inflation in Asia Pacific economies to subside early: Moody’s Analytics

Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody’s Analytics. A combination of factors like the extreme weather, the Covid-19 pandemic and lockdowns in China, Russian invasion of Ukraine resulted in distorting global … Read more