India’s economy expanded less than 5 percent for a second straight quarter as Prime Minister Manmohan Singh struggled to revive investment, adding pressure for further government policy changes to spur growth. Stocks slid.
Malaysia Prime Minister Najib Razak said stocks and the ringgit would plunge if he loses next month’s election, contrasting his government’s pursuit of stable change with the upheaval that has engulfed the Middle East.
Investors may profit from receiving Thailand’s one-year non-deliverable forward swap starting in 12 months because the rate overestimates the potential increase in local borrowing costs, Barclays Capital Plc said.
Bank of Thailand Governor Prasarn Trairatvorakul said existing measures to curb volatility in the baht are appropriate, though he didn’t rule out using additional tools if the currency’s appreciation accelerates.
Mumbai housewife Sangita Shinde sought work in a shopping mall last year to help pay her children’s soaring school fees. Don’t expect to find that jump in living costs reflected in India’s inflation data.