The weak yen provides Japan's manufacturers with temporary relief from China's difficulties.

Japanese automakers are receiving much-needed support from an old standby, as the weaker yen helps to bolster profits in the face of declining sales in China and an increasingly challenging transition to electric vehicles.

In the three months leading up to June, Toyota, Honda, and Nissa...

FITCH RATING AGENCY LOWERED ITS CREDIT OUTLOOK ON JAPAN’S FOREIGN CURRENCY DEBT

Highlights –

• Fitch rating agency lowered its credit outlook on Japan’s foreign currency debt.
• The agency lowered its rating to negative from stable.
• The COVID-19 crisis raised the country’s debt.
• Japan’s ...

COVID-19 IMPACT: INDIAN GDP WILL SHRINK 5.3 PERCENT IN FY21 SAYS IND-RA

Highlights

• Ind-Ra predicts growth of 5 to 6 percent in FY22

• Earlier this week, Fitch and Moody’s predicted Indian economy to contract  5 percent and 3.1 percent in FY21

• Ind-Ra forecasted India’s fiscal deficit may expand more tha...

ADB PROJECTS CONTRACTION OF 4% IN THE INDIAN ECONOMY IN FY21

Highlights

• As per the report made by ADB, though the petrol prices declined in May, the food inflation went up by 7.4 percent YoY 

• ADB states that Indian economy will jump 5 percent in FY22

• On Friday, Fitch revised its outlook on IDR to nega...

India's Financial Sector

IIFL Asset Management Ltd., which administers $3.3 billion in resources, is set to develop a methodology of putting resources into the most focused on the region of India's economy: the money related administration industry. The firm intends to inevitably pull in $1 billion from reserves univ...

Abercrombie share prices increase after they outdid the estimates

Abercrombie & Fitch Company reportedly announced the financial results of the fourth quarter this Tuesday morning. The firm beat the estimates in terms of the earnings as well as the revenue. The stronger-than-predicted results led to the 17.7 percent upsurge in the prices of their shares very s...