Asian economies News

There is significant potential for cross border investments to India and China as large and medium sized US firms plan to incrementally invest in these Asian economies than in Western Europe, says an UBS report

Emmanuel Macron's victory in the French presidential election is "good news" for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund (IMF) said on Tuesday.  

IMF chief Christine Lagarde today said Asian economies led by India will be a major growth driver in the years to come and better representation of large emerging nations in the multi-lateral institution has transformed it from "my IMF to our IMF."

Asian shares skidded to 3-1/2-year lows and the dollar sagged on Tuesday, pulled down by a sharp losses on Wall Street after weak Chinese data rekindled worries about its fragile economy.

Asian stocks flip-flopped on Wednesday after China cut interest rates in a bid to restore confidence in its sagging economy, with trading volatile after days of heavy swings across world equities.

The world market turmoil bears ominous similarities to the contagion that laid Asian economies to waste beginning in 1997: pressure on regional currencies, a worsening trade outlook and slowing growth.

Asian exports to the United States have risen this year, but such growth now is more driven by investment in software development and shale-oil drilling than by activity that pulls in imports. 

According to HayGroup's 2015 salary forecast, salaries across the globe are set to rise by an average 5.4 percent in 2015 as compared with 5.2 percent last year.

Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said. India's GDP is expected to grow by 6.3 per cent in 2015, up from 5.3 this year.

India is set to sign a memorandum here Friday to be one of the 21 founding members of the newly established Asia Infrastructure Investment Bank (AIIB), an initiative by China.