China has vehemently opposed the recent investigation initiated by the U.S. into its maritime, logistics, and shipbuilding industries, labeling the move as a “mistake on top of a mistake.” The Chinese ministry of commerce released an official statement asserting that the U.S. was providing “discriminatory” subsidies to its domestic industries despite this fact, they accused
World
The latest data on Singapore’s non-oil domestic exports has shown a significant decline of 20.7% in March compared to the same period last year. This sharp fall comes as a surprise to economists, who had expected a much milder decrease of 7%. The revised figure for February also indicates a downward trend, with a 0.2%
Federal Reserve Chair Jerome Powell recently expressed concerns about the persistence of inflation and hinted that interest rates may need to remain at higher levels for an extended period. Despite positive signs in economic growth and the labor market, Powell highlighted the lack of progress in achieving the 2% inflation target. This poses a challenge
The Asia-Pacific markets experienced a decline on Monday as traders assessed the implications of Iran’s massive drone and missile attacks on Israel. The attack, which involved more than 300 drones and missiles targeting military sites in Israel, was described by President Joe Biden as “unprecedented.” The United States intervened to assist Israel in intercepting the
The recent attacks launched by Iran against Israel have caused a significant escalation in tensions between the two nations. This development has raised concerns about the possibility of a regional war breaking out. According to U.S. officials, Iran initiated an airborne attack against Israel, prompting a swift response from the National Security Council and the
Ukraine’s top military general, Oleksandr Syrskyi, issued a grave warning about the rapidly deteriorating battlefield situation in the eastern regions of the country. According to him, the recent escalation in fighting can be attributed to the increased offensive actions by Russian forces following the presidential elections in Russia. Syrskyi highlighted the use of armored vehicles,
After a recent inflation-fueled selloff in the Asia-Pacific markets, investors are now awaiting a fresh batch of economic data from the region. China is set to release its trade numbers for March, with exports expected to fall by 2.3% year on year. This follows a weaker-than-anticipated rise in China’s inflation. Singapore’s Economic Performance and Monetary
China’s commercial property sector, amidst an overall real estate slump, is witnessing pockets of demand. The capital city of Beijing is experiencing a surge in rents for prime retail locations, as reported by property consultancy JLL. Rents have shown an increase of 1.3% in the first three months of this year compared to the fourth
China’s real estate market has been experiencing a decline in home prices, raising concerns about the potential for an economic slowdown. Richard Koo, chief economist at Nomura Research Institute, emphasized the need for convincing people that home prices are set to increase in order to stimulate economic activity. However, there are conflicting views on whether
The forecast for India’s market capitalization in the next 20 years is quite promising, with experts suggesting that it could reach up to $40 trillion during that period. Sujan Hajra, chief economist at Anand Rathi Share and Stock Brokers, is optimistic about the country’s economic growth and believes that this target is achievable. On the