India says provided over $3 bn to Sri Lanka in 2022 as economic assistance
India today said its economic assistance to Sri Lanka, facing its worst economic crisis since independence in 1948, stands at more than USD three billion this year, so far, and is instrumental in addressing diverse needs of the government and people of Sri Lanka.
Investors in the dark on China industrial transport amid data curbs
A wave of Covid-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China’s economy after the government restricted firms from releasing real-time data.
New Pakistan govt willing to curb fuel subsidies
Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked economy.
Shanghai’s economy slows amid Covid-19
The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious Covid outbreak.
China economy accelerates in Q1
China’s economic growth accelerated in the first quarter of the year to 4.8 per cent, official data showed Monday, but the government warned of “significant challenges” ahead while massive Covid-19 lockdowns started to bite.
Asian markets mixed as strong US jobs data boosts rate hike bets
Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.
Shanghai lockdown to raise transport costs: Maersk
Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of Covid-19 further rattles global supply chains.
Most Asian markets hit by Ukraine fears, tech selloff
Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.
Japan in step with G7 over sanctioning Russia
Japan will in principle take concerted action with the Group of Seven nations in imposing economic sanctions on Russia if that nation invades Ukraine, The Yomiuri Shimbun has learned.
China’s soymeal prices hit highs
China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.
