Thursday, Apr 25, 2024

International Finance

Category : Economy

Hong Kong trade deficit goes up 29.5%

International Finance Desk
by International Finance Desk
Fall in exports to Mainland and the rest of Asia as well as lower demand from advanced economies, especially the US put trade in disarray, reports Team IFM Hong Kong, May 29: Hong Kong’s April trade deficit increased 29.5 percent over its year-ago amount to HK$55.3 billion triggered by a slump in exports to Mainland...
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German recovery on expected lines, says data office

International Finance Desk
by International Finance Desk
The government believes economy gaining momentum while respected think-tank maintains businesses not so sure about future, report Team IFM Munich, May 28: Germany, it seems, is tiptoeing towards recovery. Its statistical office says the national economy is “gaining momentum” on expected lines; a greatly valued survey report says business confidence slipped this month, while an...
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Higher auto prices push up Singapore’s April inflation rate

International Finance Desk
by International Finance Desk
Housing sees prices falling, but central bank predicts inflationary trends to continue in second half, reports Team IFM Singapore, May 27: Singapore’s consumer prices, already under pressure from rising labour costs, were propelled by a spike in transportation costs to almost double in April compared to the preceding month, official data released last week show,...
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Global investors turn bullish with Modi as India’s new Prime Minister

International Finance Desk
by International Finance Desk
The Hindu nationalist Bharatiya Janata Party by winning a majority on its own, the first time any single party has done so in the past 30 years, has raised expectations of accelerated economic growth through stable, decisive government. New Delhi, May 26: Global investors are eagerly waiting for Monday, May 26, when Narendra Modi will...
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Japan’s trade deficit shrinks 7.8%

International Finance Desk
by International Finance Desk
April is not the cruellest month for economy as car exports to US rev up and a weak yen is expected to boost exports further, reports Team IFM Tokyo, May 26: Japan improved its April trade balance with a 5.1 percent rise in exports and its imports clocking a 3.4 percent increase resulting in a...
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India getting back on track

International Finance Desk
by International Finance Desk
The resounding victory by the Bharatiya Janata Party (BJP) led alliance in Indian elections likely ushers in a period of significant economic reform in India. The resounding victory by the Bharatiya Janata Party (BJP) led alliance in Indian elections likely ushers in a period of significant economic reform in India. Reforms are likely to focus...
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China’s industrial output and retail sales disappoint

International Finance Desk
by International Finance Desk
Conditions at factories down triggering calls for state leg-up, but surging online shopping belies all trends, reports Team IFM. China’s industrial output growth during April declined below forecasts, according to data released by its statistics office earlier this week, while its retail sector disappointed even as recent trends show the country is going through an...
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Tax hike pushes Japan’s March industrial output

International Finance Desk
by International Finance Desk
Spurt in activity comes on heels of weak February data, and independent economy tracker says April too will bring bad news, reports Team IFM Tokyo, May 19: Japan saw its industrial production rev up as expected in March on the eve of a sales levy hike, according to official data released on Friday, while an...
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Euro zone industrial output takes a dive

International Finance Desk
by International Finance Desk
March production dragged down by growth dips in ‘big-four’ economies and the energy demand declining in warm winter though April could bring cheer, reports Team IFM Brussels, May 16: Lacklustre industrial production in the four major euro zone economies and a weakened demand for energy dragged down regional output in March, official data released on...
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