Asian Economics: Trending Business News From Asia
Here is some of the top news from Asia you need to know to stay updated on the region’s economic landscape. South Korea Plan To Invest $7 Billion In The Next 3 Years The South Korean President, Yoon Suk Yeol, announced on 9 April 2024 that the nation will invest $7 billion in artificial intelligence…
abhinav singh
Mumbai Is Asia’s Billionaire Capital For The First Time
For the first time, Mumbai has clinched the title of Asia’s billionaire capital. Shanghai-based Hurun Research Institute makes the announcement. With 92 billionaires, Mumbai, the Maximum City, is the third billionaire city after New York (119) and London (97). Two popular business tycoons, Mukesh Ambani, with $115 billion in assets, and Gautam Adani, with $86…
Shipra Prajapati
Indian Diesel Exports Are Diverted From Europe To Asia
Shipments of Indian diesel to Europe have decreased significantly and now are at the lowest in the last 2 years. The presence of Houthi pirates in the Red Sea is disrupting international trade and the turmoil has forced ships to take new and longer routes, which drives the freight costs higher. According to data given…
Indian Rupee: Best Performing Currency In Asia in 2024
The Indian rupee has made history after being named the best-performing currency in Asia so far in 2024. After an extremely safe and stable 2023, the Indian rupee has started 2024 on a promising note. The Indian rupee appreciated by 0.1% in the first month of 2024. This comes as a surprise as most of…
Asian Market Digest And Financial Pulse
Asia has been seeing a surge in its economy for the last few years. On that note, we’ve come up with the top business and financial news from Asia. Make sure to go through the whole read. South Korean Banks See A 23.9% Decline In Net Income The financial supervisor service of Korea has stated…
SHAHID MUSHTAQ
US Chips Act Threatens To Dismantle Asian Chip Industry
In this day and age, technology is at the forefront of things. In order to keep manufacturing new tech, we need more semiconductor chips which are made by Asian countries. Now, the US has passed a bill to promote semiconductor manufacturing in America. Today, 70% of semiconductors manufactured globally are from Asia. The US plans…
JYOTI
Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…
Indonesia Can Bridge The East-West Gap, Says Businessman
One of the most prominent businessmen in Indonesia has said that Indonesia has the potential of being the bridge between the eastern axis and the western axis. Anindya Bakrie also noted that China has been investing a lot of money in Indonesia for a long time now but the South Asian country is trying to…
Vipin
Asian News Round-Up: Top News From Asia
The continent of Asia has some of the most powerful countries in the world. Asia has also been a place where the major production of goods takes place. So it’s safe to say that there is a lot that takes place in Asia. Today we will give you 3 of the top news from Asia. …
Rupee Opens 11 Paise Higher at 81.93 on Weak Dollar Post
The Indian rupee kicked off the trading day positively, strengthening by 11 paise against the US dollar. This upward trend in the local currency occurred despite the relatively hawkish stance expressed by Federal Reserve Chair, Jerome Powell during his testimony to US lawmakers. The rupee commenced trading at 81.93 against the dollar, surpassing the previous…
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