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CHENGDU, China (AP) — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown.
Asian currencies could be on the "backfoot" this year despite signals that the U.S. Federal Reserve could cut interest rates soon, according to Julia Wang, executive director and global market strategist at JPMorgan Private Bank.
As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year.
Singapore's economy in 2024 is forecast to grow faster than estimated earlier, while the outlook for inflation has been revised lower, the Monetary Authority of Singapore's survey showed Wednesday.
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletterwhich explores what you need to know about the country’s rise and how it impacts the world.
NEW DELHI -- India's brisk economy has created a tailwind for Prime Minister Narendra Modi's reelection campaign, although some analysts caution that the reality might not be quite as rosy as the headline numbers suggest.
BEIJING -- China's National People's Congress (NPC), the largely ceremonial parliament that meets every year in March to rubber-stamp decisions by the leadership, is seldom accompanied by a great deal of suspense. This year, for example, the biggest surprise was that the proceedings would be even more predictable than ever as the final news conference by Premier Li Qiang, one of the few unscripted parts of the entire affair, was canceled.
Some of Japan's biggest companies are expected to formally offer sizeable pay increases at annual talks with unions that wrap up on Wednesday, clearing the way for the central bank to end negative interest rates as early as next week.