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IMF Raises Japan's 2026 Growth Forecast to 0.7 Pct

Bangkok, Oct. 13 (Jiji Press)--The International Monetary Fund on Tuesday raised its economic growth projection for Japan to 0.7 pct for 2026, up 0.1 percentage point from its July forecast. The IMF's World Economic Outlook report cited "fiscal support measures partly cushioning the impact from higher energy prices." Japan's growth rate is now expected to be 0.7 pct in 2027, unchanged fr...

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BP braces for hit of up to $4.5bn in pivot from green energy

BP is bracing for a hit of up to $4.5bn after a hefty write-down in its energy transition unit, as the firm pivots away from aggressive green targets. The FTSE 100 energy giant told markets on Tuesday its third quarter update – set for the end of the month – would include a post-tax impairment [...]

China blue chips fall to 14-month low on tech selloff

HONG KONG: China and Hong Kong stocks fell on Tuesday as a selloff in AI-related shares swept across Asia, pushing China’s blue-chip index to its lowest in more than a year. At the midday break, the blue-chip CSI300 Index was down 0.6%, hitting its weakest level since August 2025, while the Shanghai Composite Index was down 0.3% at…

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