Tag: Asia Economy
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India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
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DeepSeek considers doubling latest funding round to up to $15 billion, sources say
China’s DeepSeek weighs upsizing funding round to up to $14.9 billion, sources tell CNBC, and the final amount could still change in final talks.
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Goldman: Diesel prices set to stay high through 2027 as refineries struggle to meet demand
Goldman Sachs says tight refinery capacity could keep diesel prices elevated through 2027, with high margins needed to curb demand and rebuild inventories.
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Trump allows cheaper, dyed diesel on highways to blunt historic fuel-cost spike ahead of midterms
The U.S. national average price of diesel topped $6 a gallon in September for the first time ever, as fuel supply disruptions pushed up transportation costs in the country.
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World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been “weak or negative.”
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Little room for ‘giving and taking’: India’s finance minister confirms trade impasse with the U.S.
In the latest sign of growing skepticism around the closure of the trade deal between New Delhi and Washington, an Indian minister said there is little room for ‘giving and taking.’
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Russia ramps up attacks on Kyiv infrastructure as U.S. makes fresh push for peace talks
Russia has pledged to intensify strikes on Kyiv and other Ukrainian cities after a drone attack damaged the capital’s key Northern Bridge over the weekend.
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Russia hospitalizes almost 200 people after researcher’s death from plague: reports
Nearly 200 people are under medical observation in Russia’s Irkutsk region over suspected exposure to plague, according to local media reports.
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‘Unwelcome and unsafe’: Why Japanese companies are retreating from China at a historic rate
Japanese companies are leaving China at record pace, as a diplomatic freeze and a slowing economy force businesses to reassess their presence.
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Daily Open: Who’s steering oil now?
Much for investors to digest as markets kick off another trading week as all U.S. bombers left a U.K. base over suspected terror attack, and more tankers were struck near Iran.
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