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Confidence falls among Japan's major manufacturers
Confidence falls among Japan's major manufacturers
Business and Economy
by  AFP

Business confidence fell slightly among Japan's largest manufacturers for the fourth straight quarter, a closely watched Bank of Japan survey showed Wednesday. Among large non-manufacturers, business confidence improved to 19 from a previous reading of 14, the Tankan showed.

Growth downgrade for China 'very likely' on Covid surge: IMF chief
Growth downgrade for China 'very likely' on Covid surge: IMF chief
Business and Economy
by  AFP

A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions bringing a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday. While China's zero-Covid policy has battered its economy, "the easing of restrictions is going to create some difficulties over the next months" as well, Georgieva said.

India's Paytm to buy back shares after 75% stock rout
India's Paytm to buy back shares after 75% stock rout
Business and Economy
by  AFP

Indian mobile payments giant Paytm will launch a share buyback, it said Tuesday, offering investors little more than a third of what they paid just over a year ago in the country's then-biggest IPO. Paytm's shares have nosedived 75 percent since its $2.5 billion flotation in November 2021, demonstrating the risks of overpriced share offers in loss-making tech firms.

Fed opens meeting with smaller rate hike in the cards
Fed opens meeting with smaller rate hike in the cards
Business and Economy
by  AFP

US central bankers started a two-day policy meeting Tuesday, with all eyes searching for clear signs that decades-high inflation in the world's biggest economy is definitively slowing. A Fed spokesperson confirmed the policy-setting Federal Open Market Committee (FOMC) started its meeting as scheduled on Tuesday, and it is scheduled to announce its decision on Wednesday afternoon.