Page 4 - Economy
On K-pop popularity, South Korea's exports of red pepper paste surge 63%
South Korean exports of red pepper paste soared nearly 63 per cent in the past four years thanks to the global popularity of Korean pop (K-pop) culture, data said
 "On K-pop popularity, South Korea's exports of red pepper paste surge 63%")
Japan's inflation hovers around 2-year high, BOJ flags price pressure
Japan's core consumer prices rose 0.5% in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years
 "Japan's inflation hovers around 2-year high, BOJ flags price pressure")
Pakistan registers 5.3% economic growth in 2020-21, says minister
This is the second time the GDP rate for 2020-21 has been revised
 "Pakistan registers 5.3% economic growth in 2020-21, says minister")
Canada's annual inflation rate rises to 4.8%, highest in 30 years
Canada's annual rate of inflation rose to 4.8 per cent in December 2021, the highest since 1991 due to higher prices for food, passenger vehicles and housing, according to Statistics Canada.
 "Canada's annual inflation rate rises to 4.8%, highest in 30 years")
UK inflation hits near 30-year high, pressuring BoE and households
The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992
 "UK inflation hits near 30-year high, pressuring BoE and households")
Rajapaksa looks to bring in laws, fast-track plans to attract forex
"If we fail to control our spending, there will be a foreign exchange problem in the near future," Rajapaksa said
 "Rajapaksa looks to bring in laws, fast-track plans to attract forex")
China's Q4 GDP growth likely to hit 18-month low on weak demand, curbs
On a quarterly basis, growth is forecast to rise to 1.1% in the fourth quarter from 0.2% in July-September
 "China's Q4 GDP growth likely to hit 18-month low on weak demand, curbs")
Hydrogen economy hints at new global power dynamics: IRENA analysis
Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, a new analysis by IRENA said
 "Hydrogen economy hints at new global power dynamics: IRENA analysis")
India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte
However, only 18% respondents in Deloitte survey are MSMEs; most Aatmanirbhar Bharat measures target smaller businesses and tourism and other sectors worst hit by the pandemic
 "India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte")
Supply side constraints dent India's auto sector December sales
The sectors' current off-take of passenger vehicles, two-and-three wheelers were far behind the 2019 sales levels
 "Supply side constraints dent India's auto sector December sales")
India may see more de-rating if growth expectations reduce: Saion Mukherjee
Rising interest rates will have a negative impact on equity markets, as this is being driven by inflationary pressures, higher deficit and not so much from growth, says Mukherjee
 "India may see more de-rating if growth expectations reduce: Saion Mukherjee")
Japan govt to advance timeframe for balancing budget to FY2026: Report
Japan's government will estimate that its primary budget would be balanced in fiscal 2026, one year earlier than its previous projection made about six months ago
 "Japan govt to advance timeframe for balancing budget to FY2026: Report")
US inflation leaps 7% in 2021 to hit nearly 40-year high, shows data
The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labor Department data
 "US inflation leaps 7% in 2021 to hit nearly 40-year high, shows data")
Wall Street rises as in-line inflation data calms nerves; Dow up 180 points
The S&P 500 was up 26.46 points, or 0.56%, at 4,739.53 and the Nasdaq Composite was up 109.59 points, or 0.72%, at 15,263.04
 "Wall Street rises as in-line inflation data calms nerves; Dow up 180 points")
Japan business mood sours on higher costs, BOJ sticks to recovery view
Japanese manufacturers turned less positive about their business conditions in January, a survey showed
 "Japan business mood sours on higher costs, BOJ sticks to recovery view")
Crisis-hit Sri Lanka asks China to restructure the debt repayments
Sri Lankan President has asked China to restructure the crisis-hit island nation's debt repayments as part of efforts to help the South Asian country navigate its worsening financial situation
Gross fixed capital formation: Advance estimates hopeful, say analysts
Most of capex brunt being borne by Centre, say analysts
 "Gross fixed capital formation: Advance estimates hopeful, say analysts")
Jewellery firms may lose some of the Q3 shine after Omicron rub-off
Structural growth story, demand recovery, and market-share gains for Titan, Kalyan Jewellers may persist
 "Jewellery firms may lose some of the Q3 shine after Omicron rub-off")
The third wave in Indian aviation: A game changer for the sector globally
After soaring in its 'second wave', the sector is likely to come down to earth with saner growth, rational air fares and more professionalism
 "The third wave in Indian aviation: A game changer for the sector globally")
Consumption funds likely to pick up pace as economy recovers
Consumption as a theme is likely to improve once economic recovery picks up, feel market participants
 "Consumption funds likely to pick up pace as economy recovers")
