Asia’s 1997 financial crisis won’t repeat itself, even as a slowing Chinese economy unnerves the region’s financial markets.
Inflation driven by prices of food and manufactured goods threatens to drive Indian interest rates higher this year, pushing investors away from corporate bonds, according to HSBC Holdings Plc.
Vietnam’s quick effort to restore calm after violent anti-China protests reflects how Asian nations continue to separate contests over territory from ever- deepening economic and trade ties.
As Indian Prime Minister Narendra Modi draws up plans to revive Asia’s third-biggest economy after his landslide election victory last month, his immediate concern is something he can’t control: the weather.
India’s central bank signaled it would ease monetary policy if inflation slows faster than anticipated as it left interest rates unchanged for a second straight meeting. Stocks rose to a record high.
India’s central bank needs to be less wary of the fallout of Europe’s debt crisis and raise interest rates to curb inflation stoked by growth, economists said.
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