Seoul, Dec 15 – Following the impeachment of President Yoon Suk Yeol, South Korea’s financial authorities and government have pledged to take decisive actions to ensure economic and market stability. The move comes after President Yoon faced impeachment over a brief imposition of martial law, leading to heightened political and economic uncertainty in the country. … Read more
Singapore, Nov. 28 – Asian stocks retreated on Thursday as traders digested U.S. economic data suggesting that efforts to control inflation have hit a plateau, even as the country’s economy demonstrated continued resilience. The strengthening of the dollar and ongoing geopolitical uncertainties added to the cautious sentiment in global markets. With the U.S. Thanksgiving holiday … Read more
NEW DELHI, Nov 22 – The Adani Group, one of India’s largest conglomerates, is once again under scrutiny as allegations of bribery and lapses in corporate transparency come to light. The recent revelations stem from a U.S. indictment accusing the group of fraudulent practices, including bribery to secure lucrative contracts, while presenting misleading information to … Read more
The U.S. budget deficit swelled to $1.833 trillion in fiscal year 2024, marking the third-largest deficit in American history, driven by rising debt interest payments and growing expenditures in key areas such as Social Security, healthcare, and military spending. This significant shortfall, which ended on September 30, 2024, reflects an 8% increase from the previous … Read more
China is facing increasing deflationary pressures as the country’s consumer inflation unexpectedly cooled in September, while producer price deflation deepened significantly. This trend is raising alarm bells for the world’s second-largest economy, putting pressure on the Chinese government to introduce more substantial stimulus measures to restore domestic demand and stabilize shaky economic growth. In a … Read more
Sept 20 – U.S. stock index futures edged lower on Friday, taking a breather from the previous session’s rally that set Wall Street’s main indexes on track for weekly gains. This pullback follows the Federal Reserve’s recent pivotal stance on monetary policy, which has been a major focus for investors throughout the week. A Historic … Read more
HANOI, Sept 15 – Vietnam’s economic outlook for 2024 is experiencing a notable downward revision of approximately 0.15% due to the severe impacts of Typhoon Yagi, the most formidable storm to hit Asia this year. Nguyen Chi Dung, the Planning and Investment Minister, revealed that this adjustment is essential to reflect the extensive damage caused … Read more