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Economy asian news

Dan Murphy - Matt Clinch - WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars' - cnbc.com - Saudi Arabia

WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied.

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Srettha Thavisin - Sumathi Bala - Sethaput Suthiwartnarueput - Reuters - Thailand's central bank will act independently and not cave to 'political' pressure, governor says - cnbc.com - Thailand

Thailand's central bank will act independently and not cave to 'political' pressure, governor says

Political pressure won't force the hand of Thailand's central bank in making its interest rate decisions independently, the country's central bank chief told CNBC on Monday.

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Charmaine Jacob - Policy continuity is key if India wants to see strong economic growth in the next 5 years, Nomura says - cnbc.com - Japan - China - India - Singapore - South Korea

Policy continuity is key if India wants to see strong economic growth in the next 5 years, Nomura says

Optimism in India's growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura's chief economist and head of global markets research Asia ex-Japan, said. 

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Lee Jae - Yoon Suk Yeol - South Korea’s president talks to opposition about cooperation after his party was routed in election - apnews.com - South Korea -  Seoul, South Korea - county Lee

South Korea’s president talks to opposition about cooperation after his party was routed in election

SEOUL, South Korea (AP) — South Korean President Yoon Suk Yeol was talking with liberal opposition leader Lee Jae-myung on Monday about how to revive bipartisan cooperation, after Yoon’s conservative party recently suffered a massive defeat in parliamentary elections.

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Nikkei staff writers - G7 aims to boost power storage capacity sixfold by 2030 - asia.nikkei.com -  Tokyo - Italy

G7 aims to boost power storage capacity sixfold by 2030

TOKYO -- The Group of Seven major industrialized economies aim to increase global electricity storage capacity 6.5-fold by 2030, according to a draft joint statement of energy ministers, in a push to support the wider use of renewable energy.

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YUJI NITTA - Nikkei staff writer - Vuong Dinh Hue - Vietnam's top ousters leave Hanoi rudderless on economy - asia.nikkei.com - China - Vietnam -  Hanoi

Vietnam's top ousters leave Hanoi rudderless on economy

HANOI -- A series of high-profile resignations at the top of Vietnam's political class amid an anti-corruption campaign is raising questions about the direction of the country just when it faces significant economic challenges.

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Jeff Cox - All the data so far is showing inflation isn't going away, and is making things tough on the Fed - cnbc.com

All the data so far is showing inflation isn't going away, and is making things tough on the Fed

The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good.

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Xi Jinping - Wang Yi - Antony Blinken - Nikkei staff writers - Blinken spars with China on Russia support, industrial overcapacity - asia.nikkei.com -  Tokyo - China - Russia -  Beijing - Hong Kong

Blinken spars with China on Russia support, industrial overcapacity

HONG KONG/TOKYO -- U.S. Secretary of State Antony Blinken on Friday said he pressed China over its support for Russia's military-industrial base, as he held "candid" talks with Chinese President Xi Jinping and Foreign Minister Wang Yi in Beijing. The Chinese side, for its part, complained that the U.S. was "hyping up" concerns about its industrial capacity and "constantly" challenging its core interests.

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