Asia Economy

With 2023's World Economic Forum in Davos dominated by discussions of economic growth, or a lack of in most developed countries, one nation was often cited as a bright spot.India is doing "exceedingly well," said Bank of Japan Governor…

Singapore home prices rose less in final quarter of 2022Private residential property prices in Singapore rose by 0.4% in the final quarter of 2022, a release by the Urban Redevelopment Authority showed.The reading showed home prices rose…

Shares of Zip reverses after initial rallyAustralian "buy now, pay later" company Zip fell by more than 10% after a short-lived rally following its quarterly results.Zip traded 15% lower, a sharp turnaround from its earlier gains of more…

China leaves 1-year, 5-year loan prime rates unchangedThe People's Bank of China left the loan prime rates for 1-year and 5-year unchanged, widely in line with expectations.The 1-year LPR stayed at 3.65% while the 5-year LPR remained at…

China's retail sales beat estimates, economy expands more than expectedChina's December retail sales beat estimates, falling only 1.8% on an annualized basis, significantly better than the decline of 8.6% projected in a Reuters…

A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — In a year of Covid lockdowns and travel restrictions, some Chinese startups that survived…

Singapore's goods and services tax will be raised to 8% in January 2023.Ore Huiying | Bloomberg | Getty ImagesCome Jan. 1, Singapore will raise its goods and services tax, otherwise known as the GST, from 7% to 8%. It's the first of two…

Italy makes Covid tests mandatory for travelers from ChinaItaly has made Covid tests for all inbound travelers from China mandatory, its health minister said, after authorities in Milan reported that almost 50% of passengers on two…

South Korea expected to see a further drop in exports and importsSouth Korea's export growth in December is expected to mark the third month of annualized drop, according to economists polled by Reuters.Average forecasts project exports…

Mon, Nov 28 20223:11 AM ESTIndia stocks reach historic high levelsIndian stocks reached new highs in Monday's session.The Nifty 50 index, the flagship index on the National Stock Exchange of India, touched 18,611.05, breaching the…