Serbia will probably lift borrowing costs again to tackle persistent inflation, remaining the last country in eastern Europe to continue monetary tightening as the rest of the region has already halted interest-rate hikes.
Russian President Vladimir Putin said relations between the US and Russia are “experiencing a deep crisis,” as he sought to blame Washington for his invasion of neighboring Ukraine.
China’s services activity accelerated in March, a private survey showed, adding to expectations that stronger demand will bolster the economy’s recovery this year.
Allianz Global Investors is betting that a resurgence in demand for semiconductors in the second half of 2023 will drive a long-anticipated revival of the global chip sector.
Asian stocks fell with US equity futures and government bonds rallied against the backdrop of weaker-than-expected economic data that supported forecasts for recession.
(Bloomberg) — Australia’s commercial property sector will be one of the frontline financial stability risks in the event the nation’s economy deteriorates substantially, the Reserve Bank said.
India’s rates traders are on the fence about a quarter-point rate hike on Thursday, even though a majority of economists are predicting one.
His investment firm Galvanize Climate Solutions will acquire residential properties and retrofit them with the goal of deep emissions reductions.
Macau casinos have been forced to close off thousands of hotel rooms and cut back on guest services like housekeeping, as a labor shortage leaves the gambling hub struggling to cater to a surge of tourists from a newly-reopened China.
Australia’s lenders are “unquestionably strong” and its households and firms are well placed to cope with higher interest rates and inflation, the Reserve Bank said, seeking to alleviate concerns about potential fallout from global financial turmoil.
