China's top banks face narrowing margins as they’ve also been asked by Beijing to boost their lending to the country's struggling economy
The gloomy global outlook and Europe’s Russian gas crisis weighed on sentiment but there were hopes of more economic support from Beijing
India's current account deficits are expected to rise from 1.2% last year to 3.5% of GDP this year, according to Nomura, which said external sector risks remain elevated.
The move by Beijing is seen as a bid gain more leverage over some of the world's biggest mining conglomerates
Many funds in Hong Kong have cut exposure to China stocks and taken positions in US companies or Southeast Asia, portfolio managers say
Stocks across the region slipped lower after Russia shut a major gas pipeline to Europe sparking fears of recession
"The pick-up in growth stemmed from a rebound in new business gains as firms continued to benefit from the lifting of Covid-19 restrictions," an S&P Global analyst said
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.