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South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI0
- Economy
- January 2, 2023
South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturers fell to a seasonally-adjusted 48.2
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Philippines Main Airport Scrambles To Restore Normalcy After Power Cut0
- International
- January 2, 2023
The Philippines’ main gateway remained on reduced operations on Monday after a New Year power outage that jolted its air traffic control, with authorities scrambling to resume full service after more than 300 flights were disrupted. The ageing Ninoy Aquino international airport was early on Monday handling a maximum 15 arrivals per hour compared to
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BOJ Considering Raising Inflation Forecasts to Near 2% Target -Nikkei0
- Market
- December 31, 2022
The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday.The BOJ jolted markets this month by widening its 10-year yield cap range, a move officially aimed at straightening out bond market distortions but seen
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Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections0
- India
- December 29, 2022
Indian Prime Minister Narendra Modi’s move to effectively halve food rations to the poor ahead of state polls next year and a general election in 2024 is fiscally sound, but politically much depends on whether the charismatic leader can sell it to voters. Subsidised food and other items are key to winning elections in India,
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