The Asian Development Bank (ADB) has upgraded their projected economic growth for ‘developing Asia’ in a new supplement to their annual Asian Development Outlook report. The increased growth prospects are based to a large extent on higher consumption and demand in the region and on higher than expected growth rates for China, which they predict... View Article

The post-Brexit EU-UK trade deal should be “one of the easiest in human history”, according to Liam Fox, UK Secretary of State for International Trade, speaking on BBC Radio 4’s Today programme. His expectations are based on the fact that currently there are “zero tariffs and maximum regulatory equivalence” in trade between the UK and... View Article

Chinese Vice Premier Wang Yang has said that there will be opportunity for fruitful cooperation at the upcoming China-US Comprehensive Economic Dialogue meetings in Washington DC, despite fears that relations might “enter a stormy season of winter and even run the risk of a trade war”, reports Chinese news agency Xinhua Speaking at a business... View Article

US President Donald Trump has agreed that Iran is complying with the Joint Comprehensive Plan of Action (JCPOA) and therefore the lifting of oil and financial sanctions will continue. By US law, the administration is required to notify Congress every 90 days whether Iran is living up to the deal. President Trump has repeatedly condemned the... View Article

China appears set to achieve or exceed its 2017 growth target after stronger-than-expected growth in the second quarter. China’s gross domestic product (GDP) grew by 6.9 per cent in Q2 according to China’s National Bureau of Statistics, the second consecutive quarter it has grown by 6.9 per cent. Analysts see the result as a clear... View Article

Hong Kong’s newly appointed Chief Executive Carrie Lam is to offer tax incentives to enable the city to flourish as an international financial centre. In a speech hosted by Reuters in Hong Kong, Lam said that the financial sector is the largest contributor to the city’s GDP at 18 per cent, employing 200 thousand people.... View Article

The Asian Infrastructure Investment Bank (AIIB) has received its second Triple-A credit rating. Fitch Ratings announced it has assigned the AIIB its highest possible rating, Triple-A. This follows the decision by Moody’s last month to give the AIIB its highest possible rating. Fitch said the AIIB’s ratings are based on “its existing and expected intrinsic... View Article

The European Commission’s most senior Brit, Sir Jonathan Faull, retired earlier this year after 38 years in the institution. “Brexit negotiations will be the harsh reality of diplomacy. Nobody should be surprised unless they were a bit deluded”, he commented in regards to the UK’s decision to leave the EU. He added: “There is a... View Article

Nobel laureate Liu Xiaobo who campaigned for human rights in China has died of cancer, reports the BBC. The university professor, who was incarcerated in 2011 for an 11 year term in a Chinese prison for ‘subversion’, died aged 61 in hospital earlier today. Lui Xiaobo, born in 1955, called for the end to communist... View Article

Indian Prime Minister Narendra Modi has put the state owned airline Air India up for sale. The Minister of Finance Arun Jaitley has said the government had given an “in-principle” approval for the company, reports the BBC. Yet the airline, which is saddled with $US8 billion of debt and employs 27,000 staff, is unlikely to... View Article