Tag: Asia Economy
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India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
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CNBC Daily Open: Chips are down — but not for the Dow
Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first.
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Asia-Pacific markets set to open subdued after Wall Street’s AI-linked stocks slide
Asia-Pacific markets were set to open mixed on Friday as investors assessed a rotation out of chip stocks on Wall Street that lifted the Dow Jones Industrial Average to a record close.
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India’s viral ‘Cockroach’ party has millions of followers. What investors need to know
A Gen Z-led, social media-first mock political party in India that has amassed millions of followers and is set to hold an in-person protest on Saturday.
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CNBC Daily Open: Fresh Iran war worries halt stock rally
Oil prices rise and markets fall after Netanyahu tells CNBC Israel and U.S. prepared to attack Iran again if necessary.
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Inside India newsletter: Why Taiwan and South Korea’s stock markets have surged past India within a week
The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the country lags in AI.
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Asia-Pacific markets open lower on renewed Middle East tensions
Asia-Pacific markets open lower amid renewed tensions between Iran and the U.S. and worries that the conflict may keep inflation elevated.
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India’s central bank may hike rates to defend its currency
A falling currency and rising risk of higher inflation could prompt India’s central bank to hike interest rates.
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CNBC Daily Open: Nvidia stars at Computex as markets hit records
AI momentum drove Wall Street to fresh records, even as conflicting U.S.-Iran signals and new tariff threats on Brazil kept geopolitical tensions in focus.
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Australia’s first-quarter economic growth misses estimates on severe weather, weak demand
The country’s GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists’ expectations for a 2.6% growth.
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