India's 8.5% growth rate has some 'fluff,' former central bank chief Raghuram Rajan says
There is some 'fluff' in India's economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan.
Economy asian news
China-friendly Jeremiah Manele picked as Solomon Islands PM by lawmakers
Solomon Islands lawmakers selected a new prime minister in a secret ballot on Thursday, choosing foreign minister Jeremiah Manele, who has pledged to continue the Pacific island nation’s foreign policy that saw it grow close to China.
Fed Chair Powell says beating inflation 'taking longer than expected'
WASHINGTON (Reuters) -- The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
Over 40% of Americans see China as an enemy, a Pew report shows. That’s a five-year high
WASHINGTON (AP) — More than 40% of Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years, according to an annual Pew Research Center survey released Wednesday.
Can Nepal get a lift from wooing by India and China to become a middle-income economy?
Potential investors pledged during the summit to inject as much as 9.13 billion Nepali rupees (US$68.3 million) into the country, which is still navigating its transition from a centralised monarchy to a federal democratic republic under its 2015 Constitution, as well as an economic transformation from being less reliant on international aid to becoming a hub for global investments.
McDonald's and other big brands warn that low-income consumers are starting to crack
Some of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter, according to flash figures published Tuesday.
China to hold key Communist Party plenum in July amid economic pressure
BEIJING (Reuters) -- The Chinese Communist Party's central committee will gather in July for a key meeting known as a plenum, the third since the body of elite decision makers was elected in 2022, focusing on reforms amid "challenges" at home and complexities abroad.