Britain posts much bigger budget deficit for 2024/25 than expected

UK government's borrowing exceeded projections by £15 billion, increasing financial pressure amid concerns over growth, inflation, and fiscal rules. March borrowing was notably high, reflecting economic challenges.

BOJ says Japan banks need to be vigilant amid financial market volatility

Japanese banks should be cautious of rising risks due to increased volatility in global financial markets, driven by uncertainties in trade policies and geopolitical factors, says Bank of Japan.

Sri Lanka’s economy to grow 3.5% in 2025 despite US tariff headwinds, World Bank says

Sri Lanka faces economic recovery challenges with projected 3.5% growth, high U.S. tariffs impacting exports, and a stubborn poverty rate of 24.5% amid efforts to stabilize the economy.

Analysis-Swiss franc’s surge on tariff turmoil pressures SNB to act

The Swiss franc has surged sharply, prompting potential intervention by the Swiss National Bank due to risks posed to inflation targets and exporters amid U.S. policy uncertainty.

India April business growth hits 8-month high as export orders surge, PMI shows

India's private sector growth hit an eight-month high in April due to robust demand, but business confidence shows signs of softening, exacerbated by U.S. tariffs.

Morning Bid: Trump’s Fed backflip sets off relief rally

Trump downplays tensions with the Fed and hints at lower tariffs on China, prompting market optimism. Key developments in upcoming markets include PMIs and Fed officials' speeches.

Malaysia’s March CPI rises 1.4% y/y, below forecast

Malaysia's consumer price index rose 1.4% in March, lower than the 1.6% forecast, and up from 1.5% in February.

BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation: Reuters poll

FAW’s chairman says Hongqi targets 500,000 vehicle sales in 2025

FAW's Chairman announced Hongqi's target of 500,000 vehicle sales by 2025, with half being new energy vehicles at the Shanghai auto show.

Dollar levels off from sharp climb as Trump cools Fed attacks

The U.S. dollar rose after Trump backed off threats against the Fed Chair, while optimism around trade deals improved market sentiment amid ongoing concerns about tariffs and trade relations.