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2 mins read

With strong growth momentum in India, Asian earnings growth to outpace US and Europe this year: Report

Reserve Bank of India's (RBI) latest monetary policy report predicts a robust growth rate of 7.2 pe…

ANI   


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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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2 mins read

A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says

"We believe we are heading into a proper downturn that will require a proper easing cycle," Manulif…

Filip De Mott   


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2 mins read

China's GDP rose 5.3% in the first quarter, but it doesn't mean the economic pain is over

March retail sales and industrial output fell short of forecasts. First-quarter new home sales slum…

Huileng Tan   


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1 min read

Chinese stocks are back in a bull market as investors buy into the nation's economic rebuild

Chinese stocks have climbed more than 20% since lows earlier this year as the government implements…

Filip De Mott   


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3 mins read

China's chances of staging an economic rebound this year look slim

Experts see a narrow path for Beijing to pull off a rebound as policy remains uncertain and the rea…

Phil Rosen   


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3 mins read

India is the surprise winner amid China's economic chaos and investor exodus

China's raft of financial and economic troubles appears to have spooked investors and businesses in…

George Glover   


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2 mins read

Stock market today: US stocks drop after hot economic data dents Fed rate-cut prospects

If inflation reaccelerates, the Fed would likely err on the side of caution and postpone its planne…

Matthew Fox   


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1 min read

Unemployment will double by the end of the year with an economic hard landing inevitable, strategist says

Declining inflation is actually a warning that corporate profits are set to fall and force companie…

Aruni Soni   


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2 mins read

Russia's economic decline is in only in the early stages, and the country is masking significant 'degradation,' think tank says

"Russia is masking a process of significant economic degradation that will continue well into the f…

Jennifer Sor   


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5 mins read

Dubai is the economic jewel of the Middle East — now its Gulf neighbors are coming for a piece of the pie

The UAE has invested heavily in tourism and aviation, positioning Dubai as a travel hot spot.

Pete Syme,Beatrice Nolan   


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3 mins read

India will need to invest 5% of its GDP annually to meet net-zero emissions by 2050; EV largest share of investment

To actualise a net-zero scenario, we will need to bolster our wind and solar power plant capacities…

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1 min read

Argentina devalues the peso by 54% as it kicks off radical economic reform plan

President Milei is rolling out shock measures for the economy, including cratering the value of the…

Phil Rosen   


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1 min read

Harvard alumni are slashing donations and taking the college out of their wills over its response to the Israel-Hamas war: Bloomberg

"I will not be calling any of my classmates to try to encourage them to donate to Harvard," said al…

Kwan Wei Kevin Tan   


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1 min read

McDonald's seeks to open 1,000 new stores in China by the end of the year as demand for fast food surges in the country amid economic troubles

McDonald's will open 1,000 new outlets in China by the end of 2024. The expansion effort is part of…

Erin Snodgrass   


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1 min read

China's economic woes mount as manufacturing continues to shrink

China's factories have been struggling for months because of a slump in global demand and reduced d…

Joseph Wilkins   


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1 min read

Foreign investors are shunning Chinese stocks and bonds as Beijing's economic headache builds

Foreign investors offloaded $188 billion worth of Chinese assets between December 2021 and June 202…

George Glover   


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2 mins read

Americans should budget an extra $5,200 this year to cover rising prices, Bloomberg economists estimate

About half of that will come from higher food and energy prices, Bloomberg said, which will hit low…

Ben Winck   


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1 min read

China's economic woes mount with the yuan hitting a 16-year low

The onshore yuan languishes around 7.32 per dollar, its weakest since 2007, even after the People's…

Joseph Wilkins   


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1 min read

A key barometer of economic health is flashing more warning signs for China's economy

China's copper consumption is lagging behind historical norms, pushing down profits among metal sme…

Filip De Mott