Asia

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China growth at lowest since 2009

China’s GDP grew by 7 per cent between January and March, its slowest pace since the financial crisis in 2009. The BBC reports the rate fell from 7.3 per cent for the previous three months. Last year China missed its annual growth of 7.5 per cent for the first time in 15 years, with growth […]

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Japan’s Nikkei passes 20,000 level

Japan’s benchmark Nikkei 225 index has edged past the 20,000 barrier in early trading for the first time since April 2000. The BBC reports the index hit 20,004.99 before falling to 19,907.63 at the close. Markets were buoyed by US energy stocks and a strong performance by Fast Retailing, Asia’s largest clothing retailer. Earlier this […]

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New York beats London as top finance centre, again

New York, London, Hong Kong and Singapore remain the four leading global financial centres, according to researchers. The latest Global Financial Centers Index shows that New York continues to be the leading global financial centre, but only beat second-place London by one point on the 1,000 point scale. Both cities moved up seven points compared […]

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Is India the jewel in the emerging market crown?

While the respective developing market powerhouses of Russia, China and Brazil are enduring their own sets of economic woes, optimism over India being the real jewel in the emerging market crown is firmly on the rise. A pro-growth Budget unveiled at the end of February, the first from the Narendra Modi-led BJP party, was swiftly […]