Tag: Asia Economy
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China trade defies Iran war drag as exports, imports beat estimates in May
China’s economy has shown signs of faltering following a strong first-quarter.
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Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump’s China trip.
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China’s Xi to visit North Korea for first time in seven years as Beijing tests its influence over Kim
North Korea may use the summit as an opportunity to press for economic concessions or Beijing’s “tacit recognition” of its nuclear status, analysts say.
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India’s economy expands at 7.8% over January to March — faster than expected
The world’s fastest growing major economy, India, has been facing major headwinds due to the conflict in Middle East that began end of February.
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India scraps tax on overseas bond investors in bid to attract foreign capital and shore up the rupee
India has announced several measures to boost capital inflows, including the scrapping of capital gains tax for foreign investors in government bonds.
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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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