Asian Economy

The income and spending report for the US is forecast to indicate a softening in core inflation for October. While simmering down, the annual pace is still more than twice the central bank’s goal

State of the global economy: Of price rise, rate hikes, and wait for a new leader

Rising inflation, spiralling borrowing costs and a seemingly impending recession are in store as the UK awaits a successor to Liz Truss

Eco Week | US jobs at cruising speed may keep up pressure on Fed

While the advance in employment would be the smallest since the end of 2020, it would still exceed the average gain of the five years that preceded the pandemic

Asia analysts predict biggest profit drop since pandemic started

Earnings per share for MSCI Asia Pacific Index members slid 16 percent in the three months through June from a year earlier, the steepest decline in eight quarters, according to analyst estimates compiled by Bloomberg Intelligence

ADB downgrades Asia GDP forecast as China sticks to Covid Zero

The bank expects the region to grow 4.6 percent this year compared to an earlier forecast of 5.2 percent

Why were tax collections at record highs from US to UK to India despite weak economic recovery

Inflation looks set to continue and has even accelerated in the energy complex. This, and the high base of FY22, may keep tax collections robust in FY23, too

Weak global growth to prolong Asian slowdown: Poll

The Indian economy will likely post its weakest growth since the turn of the century this fiscal year as uncertainty ahead of elections next year keeps investors away, denting sentiment and demand in the economy.

April FDI inflows up 25% at $2.3 bn: Government

Indias' foreign direct investment flows rose 25 percent on a yearly basis to USD 2.32 billion, a government statement said. The government also plans to raise FDI limits defence, telecommunications and commodity exchanges sectors to curb the rising deficits of the economy.

FDI to cross USD 30bn by FY12 end: Anand Sharma

On the latest episode of CNBC-TV18's India Tonight, Karan Thapar catches up with Cabinet Minister of Commerce and Industry, Anand Sharma. He quizzes the Rajya Sabha MP from Congress on his expectations of foreign inflows into India and the policy overhang in foreign direct investment space.

Pranab says supply bottlenecks driving inflation

The high food inflation is being driven by supply bottlenecks and rising incomes, Finance Minister Pranab Mukherjee said in a statement on Wednesday.

Inflation to ease to 6.5% by March: Secretary

Inflation is expected to ease to around 6.5% by end-March, Finance Secretary Ashok Chawla said on Monday.

Govt to raise petrol price by 4.5%

State-run refiners will raise petrol prices by about 4.5% from Sunday, sources at the companies said, which will put increased pressure on wallets as the country battles the highest inflation of any major Asian economy.