Nicolas Moreau, chief executive of HSBC Asset Management, said that the remarks did not represent the bank’s views.

The fund's deputy managing director Kenji Okamura said the Covid pandemic, war in Ukraine and tougher global financial conditions would make this year "challenging" for Asia

The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback

The rupee weakened to about 198.39 to the dollar on Wednesday, the central bank said, a historic low that means it has lost almost a quarter of its value in the past year

Hit hard by the pandemic, rising oil prices and populist tax cuts, Sri Lanka's dire economic situation has led to spiralling inflation and shortages of essential supplies

Many global investment banks have been looking to offer clients more crypto related services, responding they say to demand from institutional investors

The group of Chinese power companies said Pakistani authorities were pressuring them to maximise generation to meet peak summer needs

Nissan projects sales will climb some 18.7% in this fiscal year, but operating profit will remain flat as higher costs erode margins.

The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics

South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.

Strict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.

Inflation in Asia is starting to pick up at a time China’s economic slowdown is adding to pressure on regional growth