Economy

India, Singapore elevate bilateral ties, ink four deals across key sectors

Singapore, with an investment of around $160 billion in the Indian economy, is a leading economic partner for India

Japan’s ongoing efforts to implement four-day workweek to attract, retain workers

The country is grappling with a labor shortage exacerbated by a declining birthrate

South Korea’s inflation rises to 2 percent in August, slowest annual rise in 3.5 years

South Korea's core inflation, which excludes volatile food and energy items, rose 2.1 percent annually

Japanese companies achieve record $244 billion in pretax profits during April-June

Capital spending surges 7.4 percent to 11.92 trillion yen in Q2

India to produce 6 million chips daily with new semiconductor unit in Gujarat

The chips produced here will serve various industries, including automotive, electric vehicles, consumer electronics

Japan’s manufacturing sector signals recovery in August as output returns to expansion: PMI

Japan's input price inflation strengthened to a 16-month high as higher raw material prices and exchange rate weakness persisted

Germany’s manufacturing sector recession deepens further in August as new orders dip: PMI

Weak demand across supply chains led to a further decline in delivery times on inputs in August for the 22nd month in a row

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

Eurozone inflation hits 3-year low of 2.2 percent in August, signaling possible ECB rate cut next month

The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target

Fitch reaffirms U.S. credit rating at AA+, says fiscal profile unlikely to change much after elections

The agency expects most 2017 Trump tax cuts to continue, impacting revenue and increasing deficits 

Japan unemployment rate rises to 2.7 percent in July

The job availability ratio inched up to 1.24 in July, rising for the first time in four months

Japan upgrades economic assessment for first time in over a year, reflecting improved consumer spending

The government noted that consumption is rising as shipping disruptions at some automakers ease 

U.S. economy grows 3 percent in Q2 2024, powered by robust consumer spending and business investment

This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024 

OECD forecasts Malaysia’s GDP growth at 4.9 percent for 2024, 4.7 percent for 2025

This growth is driven by increased domestic demand and a recovery in electronics exports 

South Korea sets 2025 budget at $509.71 billion amid fiscal restructuring

The country allocated 29.7 trillion Won for R&D in 2025 budget

U.S. consumer confidence at six-month high in August despite lingering labor market fears

In August, U.S. consumer confidence declined among consumers under 35 while it increased for those 35 and older

Business sentiment in Germany falls in August, economic recovery hopes down: Report

Business expectations fell to the lowest level since February as manufacturers once again reported declining order backlogs

Fed’s Powell says ‘time has come for policy to adjust’, cementing September rate cut hopes

The upside risks to U.S. inflation have diminished while the downside risks to employment have increased

India’s foreign exchange reserves climb to $674.66 billion

This figure is just below the previous record high of $674.919 billion

U.S. business activity hits 4-month low on manufacturing output decline, says S&P

As the business activity slowed in August, employment fell for the first time in three months

Japan’s manufacturing activity dips for second straight month in August: PMI

In contrast, the country's service sector expanded at a solid pace for the second month in a row