International

India & China Inflation Readings are Worlds Apart, India is Playing Catch-up after Covid: Moody's Analytics

Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.

International

What's behind China's Gold-buying Spree?

For more than a year, China's central bank has been buying up large amounts of gold.

International

Japan’s $4 Trillion Offshore Funds Will Ignore First BoJ Hike

Japanese money is poised to stay offshore as the central bank creeps toward tighter policy, according to the latest Bloomberg Markets Live Pulse survey.

International

Philippines 2023 GDP Rises 5.6% YoY, Est. +5.5%

The news about the Philippines' 2023 healthy GDP growth despite numerous natural disasters and other challenges in the previous year, could potentially boost the country's stock market by creating a positive economic environment and attracting foreign investors.

International

Brazil Set to Join the Influential OPEC+ Oil Producers' Alliance

According to Brazilian Energy Minister Alexandre Silveira, Brazil will join the influential OPEC+ oil coalition that unites some of the biggest crude-producing nations in the world.

International

Central Banks of China and UAE Sign MoU to Strengthen Digital Currency Cooperation

The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing last week.

International

War with Hamas Will Cost Israel ~NIS 27B, Bank Hapoalim Projects

The cost of the war between Israel and the Hamas is estimated to be at least NIS 27 billion ($6.8 billion) as of now, according to initial projections by Bank Hapoalim.

International

Wall Street Rethinks Turkish Rate Path as Inflation Heads to 70%

Wall Street banks are again having to rewrite their outlooks for Turkish interest rates, as inflation climbs faster than expected.

International

Philippine Central Bank Expects Economic Growth to Miss Target

The Philippine central bank expects this year’s GDP growth to miss the government’s goal as economic activity moderates while it’s bringing inflation back to target.

International

Thailand’s 2023 Inflation Forecast to Be 1-2%, the Lowest in ASEAN

Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates

International

Foreigners are Net Sellers of Japanese Bonds for Third Straight Week

Foreign investors were net sellers of Japanese bonds last week, as local bond prices fell after the Bank of Japan tweaked its bond yield curve control scheme to allow interest rates to rise more freely in line with increasing inflation.

International

G20 environment meeting ends without agreement on climate crisis

Environment ministers from G20 nations have failed to agree on ways to curb emissions and other crucial measures to address the global climate crisis ahead of the UN climate change conference at the end of the year.

International

Indonesian Banks Keep Top Slots in Market Cap Ranking on Solid Economic Recovery

Indonesia's GDP expanded by 5.03% in the first quarter of 2023, Reuters reported in May, citing data from Statistics Indonesia.

International

BIS Admits Further Monetary Measures Look Unlikely to Cope with Global Inflation

According to FT, the Bank for International Settlement has said,.global governments should either raise taxes or cut public spending to help central banks tame inflation and mitigate the risk of a financial crisis.