The 10-nation bloc launched its first guide to AI governance, but experts say member states are at “different stages of digital development.”
India’s finance minister touts unlikely export growth in a world of uncertainty
India’s Finance Ministry said earlier in the week that the country could become the world’s third-largest economy by 2027 with a gross domestic product of $5 trillion.
Gold demand hit record highs in 2023 amid geopolitical risks, China weakness
Gold demand hit record highs in 2023 on the back of persistent geopolitical tensions and continued weakness in China’s economy, the World Gold Council said.
Japan’s Aozora Bank shares hit near 3-year lows on U.S. commercial property losses
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.
India expects fiscal deficit for 2025 to narrow to 5.1% even as it boosts infra spending
India’s finance ministry presented the country’s interim budget for 2024, ahead of the highly anticipated general elections.
Japanese bank tanks over 20% after flagging losses tied to U.S. commercial property
The Japanese lender said it now expects a net loss of 28 billion yen for the fiscal year ending March 31, after previously forecasting a net profit of 24 billion yen.
Demand for shipments from China via rail through Russia has ‘skyrocketed’ since the Red Sea attacks
The China-Russia rail route to Europe is in high demand. Some shippers have ethical concerns, according to freight forwarders.
Caixin survey shows China’s factory activity expanded for a third month in January, extending divergence with official data
Employment in China’s manufacturing sector trended down in the official survey released Wednesday as in the Caixin survey.
China’s manufacturing activity shrank for the fourth straight month in January
China’s factory activity contracted for a fourth straight month in January, data from the National Bureau of Statistics showed.
Singapore’s central bank leaves policy unchanged in first quarterly meeting of 2024
The Monetary Authority of Singapore said it will also maintain its exchange rate policy band known as the Singapore dollar nominal effective exchange rate or S$NEER.