China's Ministry of Industry and Information Technology said Jan–Apr revenue for enterprises above designated size in the electronic information manufacturing sector was 5.88 trillion yuan, up 15.7% YoY; operating costs were 5.03 trillion yuan, up 12.7% YoY; total profit was 316.5 billion yuan, up 108% YoY. April revenue was 1.57 trillion yuan, up 18.3% YoY. Fixed-asset investment in the sector rose 5.4% YoY in Jan–Apr, unchanged from Q1 and 2.9 percentage points above the pace of overall indust

China State Planner said effective 24:00 on June 4, domestic gasoline and diesel (standard-grade) prices will be cut by 525 yuan/tonne and 505 yuan/tonne, respectively.

India money-market turnover climbed to a record as state-owned banks ramped lending to fund robust credit demand, data showed. Analysis from the country’s clearing house said a further driver was that private banks—traditionally net borrowers—unusually flipped to net lenders in May. The tri-party repo segment, which accounts for about 70% of the money market, reached Rs 5.5 tln (USD 57.8bn) on May 13 and has stayed elevated. In recent weeks a scramble for cash has pushed up overnight borrowing costs and short-term yields, underscoring banks’ ongoing difficulty attracting deposits as household savings shift into other investment products.