According to the South Asia Development Update study from the World Bank (WB), South Asia will have the fastest rate of growth among developing nations in the next years. The WB increased its estimate of South Asia's GDP growth for 2023 from 5.6 percent to 5.8 percent. The region's forecast for...

Given the receding stock markets, hedge funds that trade stocks on computers anticipate starting to sell in the next two weeks to the tune of $20 billion to $30 billion, according to a UBS memo obtained by the media.   According to the UBS note, hedge funds that use computers to track market...

According to a U.S. official, the Biden administration issued a warning to Beijing about its plans to amend regulations that limit the export of AI chips and chip-making equipment to China as early as October. This was done in an effort to normalise relations between the two giants.   The...

The initial public offering of German footwear manufacturer Birkenstock Holding Ltd. at the New York Stock Exchange is expected to raise up to $1.6 billion, the company stated. 10.75 million additional shares of Birkenstock will be issued, with prices ranging from $44 to $49 per share. L Catterton,...

Rising trade barriers, tech competition, and eavesdropping allegations are just a few of the factors contributing to tensions between the West and China.   As Washington and Beijing work to reduce their dependence on one another, the effects on international markets are profound, shattering...

In light of a slowing China, weak global demand, persistently high interest rates, and sluggish trade, the World Bank lowered its growth prediction for developing East Asia and the Pacific.   According to the World Bank's October report, which was released on Monday in Asia, it now...

As the crucial holiday shopping season draws near, executives at big retailers like H&M claim that unseasonably warm autumn weather from the United States to Europe is hurting sales of bulky sweaters and coats. Some stores have already slashed prices to avoid having surplus inventory.  ...

In September, the euro zone's inflation rate dropped to its lowest level in two years, signalling that the European Central Bank's steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development.   According to Eurostat's...

According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn. "There won't be a recession," he added, pointing out that despite a minor dip since the beginning of the year, consumer spending is still...