South Asia
Supporters clash with cops at PTI rally as leaders demand Imran’s release
PTI leaders rallied on the outskirts of Islamabad on Sunday, demanding the “immediate release” of their founder, Imran Khan, while criticising the government for marginalising the party as police fired tear gas to disperse the crowd.
China’s underwhelming data dampens hope of economic recovery
Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world’s second-largest economy despite recent government measures to try to stimulate expansion.
Japan’s economy rebounds in Q2
Japan’s economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida’s decision to quit.
Marico’s profit jumps 30% in April-June quarter
Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.
IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy
The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.
World's No.2 sugar producer India may need imports in 2025
India is set to ban exports in the crop year that started in October and may even be forced to import in the following year as farmers turn to other crops
Poor governance hampers economic growth
The socioeconomic development of India, Pakistan and Bangladesh is being hampered by the prevalence of poor governance and institutional weakness in the three South Asian nations, according to analysts.
China’s deflation pressures ease, more steps expected to spur demand
China’s consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed on Saturday, as deflation pressures ease amid signs of stabilisation in the economy.
Investors in the dark on China industrial transport amid data curbs
A wave of Covid-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China’s economy after the government restricted firms from releasing real-time data.
New Pakistan govt willing to curb fuel subsidies
Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked economy.
Shanghai’s economy slows amid Covid-19
The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious Covid outbreak.
China economy accelerates in Q1
China’s economic growth accelerated in the first quarter of the year to 4.8 per cent, official data showed Monday, but the government warned of “significant challenges” ahead while massive Covid-19 lockdowns started to bite.
Asian markets mixed as strong US jobs data boosts rate hike bets
Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.
Shanghai lockdown to raise transport costs: Maersk
Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of Covid-19 further rattles global supply chains.
Most Asian markets hit by Ukraine fears, tech selloff
Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.
Japan in step with G7 over sanctioning Russia
Japan will in principle take concerted action with the Group of Seven nations in imposing economic sanctions on Russia if that nation invades Ukraine, The Yomiuri Shimbun has learned.
China’s soymeal prices hit highs
China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.
Myanmar firm poised to control Telenor unit
Myanmar’s military has given the go-ahead for a local company to own most of Norwegian telco Telenor’s operations in the country, under a deal to be finalised shortly, communications seen by Reuters show.