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Search resuls for: "Abigail Ng"


3 mentions found


☆ India is the 'best bet' in the global economy, says conglomerate exec
  + stars: | 2022-09-20 | by ( Abigail Ng | ) www.cnbc.com   time to read: +1 min
The India chairman of conglomerate Hinduja Group said he's bullish on India, which he called "the very great emerging, fast moving market." The Hinduja Group is headquartered in India though it owns businesses across many industrial sectors and has a presence in nearly 40 countries, including the United Kingdom, Switzerland and the United States. "The credit goes to our prime minister," he said, referring to Prime Minister Narendra Modi. Tensions between India and China sharpened in 2020 after their troops clashed on a shared border, and remain strained. More recently, Western countries have criticized India for increasing its purchases of Russian oil as that country's invasion Ukraine rumbles on.
☆ Asia-Pacific markets trade higher as Japan's core inflation rises
  + stars: | 2022-09-20 | by ( Abigail Ng | ) www.cnbc.com   time to read: 1 min
An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Shares in the Asia-Pacific rose Tuesday as Japan's inflation accelerated and ahead of China's interest rate decision. Japan's Nikkei 225 rose 1.14% on its return to trade after a holiday and the Topix gained 0.87%. Core inflation in Japan increased 2.8% from a year ago, the fastest rate of increase since late 2014, topping the prediction of 2.7% in a Reuters poll. U.S. stocks wavered between positive and negative territory overnight before closing higher before the Fed's meeting begins Tuesday stateside.
☆ Hong Kong tech leads losses in Asia; China cuts rates ahead of Fed, Bank of Japan meetings this week
  + stars: | 2022-09-19 | by ( Abigail Ng | ) www.cnbc.com   time to read: 1 min
Shares in the Asia-Pacific fell on Monday ahead of major central bank meetings this week. The Hang Seng index in Hong Kong was 0.89% lower in the final hour of trade, with the Hang Seng Tech index down 1.93%. In mainland China, the Shanghai Composite dipped 0.35% to 3,115.60 and the Shenzhen Component also declined 0.48% to 11,207.04. The People's Bank of China cut its 14-day reverse repo rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59%.
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