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 Indian Prime Mi...
Tag: Asia Economy
China’s digital yuan notches $8.3 billion transactions in half a year
A sign for China’s digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021. STR | AFP | Getty Images BEIJING — In a country where consu...
Chinese yuan under pressure from medium-term loans cut: Strategist
Banknotes of Renminbi arranged for photography on July 3 2018 in Hong Kong. S3studio | Getty Images News | Getty Images China’s central bank unexpectedly cut loan rates on Monday — a move that w...
Thailand’s Baiya Phytopharm working on plant-based Covid vaccine
Thailand’s Baiya Phytopharm wants to develop the country’s first plant-based Covid vaccine. The start-up, founded by Dr. Suthira Taychakhoonavudh and Dr. Waranyoo Phoolcharoen in 2018, has...
GDP for December and full year 2021
Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that’s under restrictions to halt the spread of Covid-19. Yin Liq...
China’s zero-Covid policy prolongs supply chain disruptions
Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a y...
Citi to sell consumer banking operations to UOB in Malaysia, Indonesia
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam...
December trade data, imports and exports
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports grew slightly more than expected in December, while imports rose less than expe...
Third wave is expected to slow near-term economic growth
Covid lab technicians in India on Friday Jan. 7, 2022. Bloomberg | Bloomberg | Getty Images India is experiencing a third wave of Covid infections — while its overall impact is expected to be less dis...
Omicron will challenge Hong Kong’s zero-Covid policy: Ex-U.S. diplomat
The highly transmissible omicron variant is going to be a “very difficult challenge” for Hong Kong as the city sticks to its zero-Covid policy, a former U.S. diplomat told CNBC. There will...
UBS says the Fed is behind the curve in shrinking the balance sheet
The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management’s Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he exp...
Goldman cuts China GDP for 2022 amid lockdowns, omicron
Traffic police and epidemic prevention personnel work together to check vehicles at a highway entrance in Zhengzhou, the capital of Henan province, China, on the afternoon of January 8, 2022. Costfoto...
Shimao says it’s in talks for property sales to help with debt problems
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chi...
Commissioner on omicron cases, impact on Mumbai hospitals
People crowd not following social distancing norms amid Covid-19 pandemic at Juhu Beach, on January 2, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s financial hub...
What will be shut down starting Jan 7
Transparent barriers enforcing social distancing measures are seen on tables at a restaurant in Hong Kong, on Tuesday, April 21, 2020. Roy Liu | Bloomberg via Getty Images From bars and pubs to sports...
Omicron variant in Maharashtra and Delhi
A health worker administers a dose of the Bharat Biotech Ltd. Covaxin vaccine at a Covid-19 vaccination center set up at the Delhi Municipal Corp. Public Health Center in the Daryagunj area of New Del...
China Evergrande says contracted sales dropped 38.7% in 2021
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande’s contracted sales plunged last year as...
Japan dominates world’s most expensive Michelin-starred restaurants
While Michelin-starred meals can cost just $1.50 per plate, most restaurants that have earned the prestigious award charge much more. Many cost $300-$400 for one meal, but some command even higher rat...