Region Asia-Pacific Financial News

25.12 / 21:13

Citi FIVE country recommendations Swedish medtech company Elekta sees smaller cities driving growth

Elekta, the Swedish medtech company that makes radiation therapy equipment for treating cancers and neurological disorders, is betting big on India. The company sees an acceleration of demand for linear accelerator (LINAC) machines led by expansion of cancer care to tier-2 and tier-3 cities and towns in both the private and public sector. LINACs are machines that use high-energy radiation to pinpoint and destroy cancer cells.

20.12 / 17:55

Citi economy performer country reports travelers India should be at the front-line of an ongoing global battle to attract tourist

₹123,500 for a lake-view room to ₹360,000 for its lower-priced suites. Dither while deliberating whether ₹560,000 for a 53-59-square-metre Royal suite is worth it, and the website warns in red letters that these are the last few available in this category. Nice work if you can get it, as they say.

12.12 / 01:05

Citi economy Moodys performer country India overtakes Hong Kong to become the world's seventh largest stock market

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03.12 / 04:49

IPO Remark Enterprise show performer reports week 48 Nifty 50 stocks closed last week in green, 20 reach new all-time highs

Also Read: Not whole mid, smallcap segment expensive; bullish on power sector, says Sandeep Bagla of TRUST Mutual Fund This robust rally is attributed to several factors, including strong economic growth, impressive corporate earnings, a decline in crude oil prices, and the increasing trend of retail investing along with Foreign Portfolio Investment (FPI) inflows. The recently released GDP numbers for India on Thursday revealed a significant expansion of 7.6% in the September quarter of the current fiscal year, surpassing the expectations of analysts.

30.11 / 04:41

FIVE Reuters Digital economy Healthcare country reports Russia's enduring interests in Asia-Pacific region

Asia and Russian leadership and erstwhile Soviet leadership have long sought to play a greater role in the Asia-Pacific (or what India terms as the Indo-Pacific region). This role is gaining further momentum following rupture in ties with the West in the aftermath of the Ukraine conflict.

27.11 / 06:59

Target economy Experts track recommendations strain S&P Global Ratings raises India's FY24 GDP growth forecast; cuts FY25 projection

Read here: Exit polls, GDP data, F&O expiry, auto sales to guide market direction this week The agency also noted that GDP exceeded the 2019 level by 15.5 percent in India in the first half of the current fiscal. Also, fixed investment has recovered considerably more than private consumer spending, it added. S&P also believes that it will take some time for India's interest rate cycle to turn as the headline inflation still remains above the RBI's target of 4 percent.

21.11 / 13:37

Citi Career Align Citigroup President country reorganization services Citigroup lifer leaves head of wealth services role amid reorganization

Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization.

17.11 / 06:43

Target Cooper Extreme Manufacturing Strategy Forrester President Forrest to spend $54m on new ‘green’ factory in Michigan

Mining and clean-energy billionaire Andrew Forrest has pledged to plough $US35 million ($54 million) into a new battery manufacturing plant in the United States, as Fortescue Metals aims to cash in on the benefits of President Joe Biden’s $US369 billion ($550 billion) Inflation Reduction Act.

15.11 / 12:12

Blockchain NFT Dairy Queen opens NFT pop-up store in China

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.

15.11 / 04:23

Cooper economy Highways Southern travelers Thailand proposes a $28 billion sea route to link Asia-Pacific to India, Middle East

Thailand is pitching a multibillion-dollar project that will significantly cut shipping times between the Indian and Pacific oceans by bypassing the Malacca Strait— one of the world’s busiest sea lanes. Prime Minister Srettha Thavisin told investors in San Francisco on Monday that the project can cut travel time by an average of four days and lower shipping costs by 15%. With traffic volumes projected to exceed the Malacca Strait’s capacity by 2030, the new project will ensure seamless flow of goods, he said. The so-called Landbridge project will cost about 1 trillion baht ($28 billion), with seaports to be built on either side of the country’s southern peninsula and linked by highway and rail networks, according to the government.

10.11 / 03:57

Cooper economy President country innovations Uzbekistan hosts summit of regional economic alliance

An economic grouping that includes several ex-Soviet nations along with Afghanistan, Iran, Pakistan and Turkey has held a summit in Uzbekistan, and leaders of member countries have vowed to further expand trade and economic ties

08.11 / 15:21

Provident JPMorgan Strategy BlackRock Morningstar show social ESG is now mainstream despite US skepticism, say investors

As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail.

01.11 / 13:01

Target ETF economy pandemic country L'Oreal travelers Slash Estee Lauder, Canada Goose slash annual targets as China recovery falters

By Ananya Mariam Rajesh and Aatrayee Chatterjee

30.10 / 04:55

Crypto regulations Standard Chartered Standard Chartered-Backed Crypto Custody Zodia Launches in Hong Kong

Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month.

29.10 / 08:59

Citi Strategy economy show performer Indian office market sees steady demand uptrend; key cities’ rentals remain stable

Global Capability Centers (GCC), is driving the performance of commercial real estate across India’s key property markets. The resilience exhibited by the Indian economy despite the global headwinds and availability of talent continues to help the office property markets in key cities sustain the growth trend. Demand for office space in India’s largest occupier markets remained strong with over 16.1 million sq ft office space leases during the period. Robust occupiers' demand for setting up Global Capability Centres (GCC) constituted most of the leasing. Prime office rentals in the country’s key property markets Delhi-NCR, Mumbai, and Bengaluru remained strong in year-on-year terms.

29.10 / 07:45

Cooper Strategy economy President audience reports NOT China's foreign minister Wang Yi says path to Biden-Xi meeting 'not smooth'

Wang Yi said the path to a meeting between President Xi Jinping and Joe Biden was «not smooth», state media reported as the top diplomat wrapped up a rare visit to Washington. Wang met with Biden and other senior US officials this week, with both sides agreeing on Friday to set up a meeting between the leaders next month. Biden has invited Xi to San Francisco in November for the Asia-Pacific Economic Cooperation (APEC) summit at a time of tense relations between the two powers.

25.10 / 04:31

Provident Action pandemic President track reports peace China said the US is a disruptor of peace in response to Pentagon report on China's military buildup

China said the United States is the «biggest disruptor of regional peace and stability» in the world in a scathing response Wednesday to a Pentagon report on China's growing military buildup. The annual report that is required by Congress is one way the Pentagon measures the military capabilities of China, which the US government sees as its key threat in the Asia-Pacific region and America's primary long-term security challenge.

23.10 / 02:33

NASDAQ DOW NIFTY reports recommendations Weekend 6 things that changed for the stock market over the weekend - Gift Nifty to selloff on Wall Street

Global market, including India, will take further cues from geopolitical developments, oil prices and bond yield fluctuations, along with earnings of major companies. “We expect earnings season to pick up pace in a truncated week which would direct the market trend along with global cues. On the global front, ECB (European Central Bank) will announce interest rate decision this week," Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, said.

18.10 / 04:11

Provident MET Cooper Coronavirus country reports Fijian prime minister 'more comfortable dealing with traditional friends' like Australia than China

Fiji's prime minister says his government is “more comfortable dealing with traditional friends” such as Australia as China pursues closer security ties in the Asia-Pacific region

12.10 / 18:05

business Europe stocks UK government stock exchange Stock Market Indexes Stocks across Asia and Europe rise on Economic growth indicators

Stock markets in the Asia-Pacific region and Europe saw gains on Thursday. This uptick was attributed to the United Kingdom’s economic recovery, China’s recent stimulus measures and expectations surrounding the United States Consumer Price Index.

11.10 / 14:45

business Europe stocks Stock Market Indexes Asian markets surge as European stocks show mixed performance

The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea's bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.

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