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India’s Central Bank Prepared for Potential Volatility Post-U.S. Election, Say Sources

As the U.S. presidential election approaches, the Reserve Bank of India (RBI) is poised to manage any potential market volatility and capital outflows, particularly if global markets react strongly to a potential victory by Republican candidate Donald Trump. Two sources familiar with RBI’s strategy have reported that the central bank is prepared to utilize its […]

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BOJ Keeps Rates Steady, Focuses on Global Economic Risks

The Bank of Japan (BOJ) held its ultra-low interest rates steady during its latest policy meeting on Thursday, underscoring concerns about global economic uncertainties and the fragility of Japan’s domestic recovery. In a climate of high inflation and shifting interest rates globally, the BOJ emphasized the need for caution, particularly regarding the U.S. economy and […]

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Global Economic Growth Stagnates at 2.7%, Says UNCTAD

UN Trade and Development (UNCTAD) has released its latest Trade and Development Report, projecting global economic growth to hover at a stagnant rate of 2.7% for both 2024 and 2025. This marks a further dip from the average growth rate of 3% witnessed between 2011 and 2019, and is significantly lower than the 4.4% growth […]

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Swiss Companies Set Sights on India as $100 Billion Trade Pact Opens Doors for New Opportunities

India’s appeal as a trade and investment destination has grown rapidly, especially among European companies looking to diversify amidst a shifting global economic landscape. Leading the charge are Swiss companies like ABB and Kuehne+Nagel, with India’s rapidly expanding economy and evolving regulatory environment promising new opportunities. The recent $100 billion Trade and Economic Partnership Agreement […]

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HKSTP Leads Unprecedented Delegation of 25 Hong Kong Tech Ventures to Tap Fast-Growing Middle East Market at Saudi Arabia’s FII8

Overview of HKSTP’s Strategic Expansion into the Middle East The Hong Kong Science and Technology Parks Corporation (HKSTP) is spearheading a significant move to strengthen ties with the Middle East by leading a delegation of 25 tech companies to the Future Investment Initiative Institute’s 8th Edition (FII8) in Riyadh, Saudi Arabia. This unprecedented delegation, which […]

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IMF Urges Turkey to Avoid Repeat of Bumper Minimum Wage Hike

The International Monetary Fund (IMF) has called on Turkey to exercise caution regarding its upcoming minimum wage hike scheduled for January 1, 2025, urging policymakers to avoid a repeat of the inflation-fueling increase seen earlier in 2024. Jim Walsh, the IMF’s mission chief for Turkey, emphasized the importance of focusing on targeted support for the […]

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IMF Chief Economist Says Lack of Domestic Demand Fuels China’s Export Growth

China’s export growth, which has been increasingly dominating global trade discussions, is primarily fueled by weak domestic demand and strong foreign consumption, particularly from the United States. This has contributed to rising trade surpluses in China, a trend highlighted by the International Monetary Fund’s (IMF) Chief Economist Pierre-Olivier Gourinchas during a recent interview at the […]

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Malaysia to Widen Tax Net and Cut Subsidies in 2025 Amid Record Budget Spending

Malaysia is set to introduce extensive fiscal reforms in 2025, expanding its sales and services tax (SST) and restructuring fuel subsidies, as the government gears up for record-breaking budget spending. Announced by Prime Minister Anwar Ibrahim on Friday, the fiscal measures aim to tighten the country’s deficit while managing rising public sector costs and boosting […]

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ECB Cuts Rates as Expected, Says It’s Well on Track to Tame Inflation

The European Central Bank (ECB) announced its third interest rate cut of the year on Thursday, reflecting the ongoing slowdown in economic growth, signs of softening in the labor market, and easing consumer price pressures. In a move widely anticipated by analysts, the ECB reduced its deposit rate by 25 basis points to 3.25%, according […]

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