December had the greatest pace of expansion in Russia’s manufacturing sector in about seven years, according to a business survey released on Friday. Despite this, new export orders fell for the second consecutive month. The S&P Global Purchasing Managers’ Index (PMI)… Read More ›
Asia’s top-performing market in 2023 was Japan, as the Nikkei 225 surged 28% to reach levels not seen since 1989. At the close of 1989, the Nikkei reached all-time highs thanks to a bubble in equities and real estate. And… Read More ›
A Reuters poll conducted on Friday indicated that international oil prices are expected to remain around $80 per barrel in 2024, with analysts predicting that weak global growth would limit demand and geopolitical concerns might give support. Analysts questioned if… Read More ›
In a federal notification published recently, the US added 13 Chinese enterprises to a list of organisations that are receiving US exports but that inspectors are unable to inspect. When U.S. export control officers are unable to finish their site… Read More ›
The struggling Ukrainian economy can survive for a few months until outside help comes in, but things will undoubtedly get harder in 2024 and Kyiv will have to rely more on its own resources. The majority of the $43 billion… Read More ›
Tuesday saw an increase in oil prices as Houthi terrorists from Yemen, who are affiliated with Iran, attacked ships in the Red Sea, disrupting maritime traffic and forcing firms to reroute vessels. At 05:30 GMT, Brent crude futures increased by… Read More ›
In a largely anticipated move, the Bank of Japan kept ultra-loose monetary policy on Tuesday, highlighting policymakers’ need to wait for additional information on whether wage growth will be sufficient to sustain inflation at its target rate of 2%. Additionally,… Read More ›
In 2024, favourable conditions as well as greater chances than obstacles are anticipated for China’s economy, according to state media, which cited representatives of the finance and economy office of the Chinese Communist Party. According to a thorough readout of… Read More ›
India is now the favourite among its Asia-Pacific peers after its stock markets saw record-breaking rises this year. The Nifty 50 index hit yet another top on Tuesday, continuing its trend of setting new records. Now up over 15% so… Read More ›
The Asian Development Bank stated on Wednesday that developing Asia is projected to close the year on a more positive note, with growth in the area predicted to be stronger than previously believed mostly because of a resurgence in China’s… Read More ›
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