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Economy asian news

Vicky McKeever - Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost - cnbc.com - Britain

Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost

Taylor Swift's Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 to see the singer.

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Sheila Chiang - India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong - cnbc.com - China - India

India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong

India offers a "very favorable" environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia.

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Joe Biden - Reuters - Indian steel mills ‘vulnerable’ to surge in cheaper Chinese imports after US tariffs - scmp.com - China - Usa -  Beijing - India

Indian steel mills ‘vulnerable’ to surge in cheaper Chinese imports after US tariffs

India’s steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United States imposed tariffs on Chinese steel, industry executives and analysts said.

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Lee Ying Shan - China’s Shenzhen metropolis sees fastest growth in millionaires globally - cnbc.com - China -  Beijing - India -  Hong Kong -  Shanghai -  Shenzhen -  Austin -  Guangzhou, China

China’s Shenzhen metropolis sees fastest growth in millionaires globally

China's Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report.

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Japan’s economy shrinks on weak consumer spending, auto woes - apnews.com - Japan -  Tokyo

Japan’s economy shrinks on weak consumer spending, auto woes

TOKYO (AP) — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday.

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Kimberly Lim - Amy Sood - Lawrence Wong - Wong - As it happened: Singapore’s new PM Lawrence Wong sworn in, pledges to ‘lead in our own way’ - scmp.com - Singapore -  Singapore

As it happened: Singapore’s new PM Lawrence Wong sworn in, pledges to ‘lead in our own way’

While Wong previously said “every leader has to adapt” their style to the needs of their time, his policy rhetoric has largely centred on maintaining the principles of the long-ruling People’s Action Party (PAP). Most recently, he said he was prepared to “re-examine all assumptions” if necessary.

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U.S. stocks boast record closes as inflation data fuels rate-cut bets - asia.nikkei.com -  Minneapolis

U.S. stocks boast record closes as inflation data fuels rate-cut bets

(Reuters) -- Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve.

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Jenni Reid - Silvia Amaro - Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says - cnbc.com - France - China - Germany - Eu

Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says

The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday.

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