Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics, discusses the outlook for the region’s economies amid the Covid-19 pandemic, food inflation and central banks’ policies. He speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia.”
With an uptick in demand for project finance from late last year, bankers believe need for long-term funds should rise by anywhere between 12-15% this year. Bank credit deployed in the infrastructure segment rose 10.2% year-on-year in April 2022, with roads, telecommunications and power leading the pack. The outstanding credit to this space, towards the […]
Tensions are increasing on the Korean Peninsula. North Korea fired eight short-range ballistic missiles Sunday. The latest test comes after South Korea and the US staged a joint naval drill. And South Korea and the US test-fired eight missiles in response, Yonhap reported. Stephen Engle reports on Bloomberg Television.
KYIV — Russia struck Ukraine’s capital Kyiv with missiles early on Sunday for the first time in more than a month, while Ukrainian officials said a counter-attack on the main battlefield in the east had retaken half of the city of Sievierodonetsk. Read More
SYDNEY — An Australian court ordered Google to pay A$715,000 ($515,000) to a former senior lawmaker on Monday after finding that a Youtube star’s “relentless, racist, vilificatory, abusive and defamatory campaign” drove him to quit politics prematurely. Read More
SYDNEY — Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S. inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week. Read More
(Bloomberg) — The speculative darlings of the easy-money era — technology stocks and cryptocurrencies — are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet. Read More
Work experience contributes to almost 60% of a worker’s lifetime earnings in India where fewer people are able to avail of higher education opportunities and start work in low-wage jobs as compared with 40% to 43% in the US, the UK and Germany, a recently published McKinsey Global Institute study has found. Most workers in […]
Earnings estimates for the Nifty50 in FY23 have been left more or less unchanged post the Q4FY22 earnings season. For FY24, earnings estimates have been downgraded very slightly as most sectors are expected to fare well. As such, net profit for Nifty50 is now estimated to grow 23% in FY23 and 15% in FY24. In […]