Tag: Asia Economy
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U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says
The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.
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Marco Rubio to visit Indian billionaire Ambani’s refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani’s Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio’s visit.
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Fed’s Warsh says AI path will be ‘very bumpy’ but ultimately ‘very good’ for wealth
Warsh said he’s optimistic that AI will make economies that use it well more productive and wealthier, warning the road there will be “very bumpy.”
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India’s rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back
The RBI’s latest moves have helped the rupee recover from 96.79 rupees per dollar to the 95-level over recent days.
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Gasping for clean air: Singapore battles relentless haze as Prime Minister Wong warns of action
Singapore continues to grapple with severe haze that is disrupting daily life and businesses, as authorities roll out protective measures — and issue warnings.
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India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada’s Fairfax
The Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening fiscal pressures.
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TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom
TSMC reported its third-quarter earnings on Thursday.
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Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India
Jio’s share sale will be India’s largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.
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Scott Bessent’s growth plans aren’t enough to tame surging deficit and debt pile, IMF chief says
IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
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‘Godzilla El Niño’ is wreaking havoc with Philippine central bank’s inflation forecasts
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
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