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Market players have largely shrugged off worries about the government’s stability. On Wednesday, the Sensex rose to a historic 80,000 before slipping back below that level on Friday amid profit-taking and a dip in loan drawdowns by India’s top private lender, HDFC Bank. Even so, the index has still gained 11 per cent over the past six months.
HONG KONG -- China's brisk growth in the first quarter helped put the government's full-year target within reach, but economists still expect a slowdown in the coming months and years due to the country's property crisis and escalating trade tensions.
When North Korea’s leader, Kim Jong-un, met with his ruling Workers’ Party in the past week, he had some good news. The country, which has long struggled with hunger, was expecting a “fairly good” harvest this year, he reported, and had recently signed a mutual defense treaty with Russia.
TOKYO -- Overseas asset purchases by Japanese individuals through a newly revamped tax-free investment scheme have emerged as a major factor driving down the yen, with their scale likely surpassing the country's trade deficit during the first half of this year.
Government bond markets in France saw some selling early on Monday, but were fairly muted overall despite political gridlock after a second round of legislative elections.
LONDON - Outgoing UK Prime Minister Rishi Sunak on Friday said he will step down as the leader of the Conservative Party after the opposition Labour Party secured a landslide victory in Thursday's nationwide election.
UNITED NATIONS (AP) — The U.N. General Assembly on Wednesday declared 2025 to 2034 the United Nations Decade on Combating Sand and Dust Storms — extreme weather events that are increasing and threatening health and economies from central Africa to northern China.
Asia-Pacific markets opened mixed on Monday as investors awaited key economic data from the U.S. and China later this week, while election results in France overnight signaled a hung parliament.