Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months.
The world’s most advanced and delicately fine-tuned semiconductors wouldn’t be possible without the aid of giant steel storage tanks built by a little-known Tokyo company founded in 1927.
Following the relaxation of border controls after the pandemic, Singapore’s foreign workforce registered the strongest growth in at least 5 years, while falling just shy of pre-Covid numbers numbers in 2019.
Investors are betting that Sri Lanka will win final approval for about $2.9 billion bailout from the International Monetary Fund on Monday, a key step for the bankrupt nation to revive its economy from the worst crisis in decades.
Taiwan’s exports of integrated circuit chips to China and Hong Kong fell for a fourth month in February as Washington-Beijing tensions simmer and demand for electronics continues to drop off.
A frenetic weekend in finance was met with comparatively small but mostly positive moves in markets Monday, with U.S. and European equity futures rising and a dollar gauge weakening slightly.
The Philippine peso’s advance fueled by bets on further rate hikes by the nation’s central bank could face headwinds from a widening trade deficit.
Pathology business Australian Clinical Labs Ltd. has made an all-stock offer for larger rival Healius Ltd. worth A$1.58 billion ($1.1 billion) that would create the largest player in the country as the industry struggles in the wake of Covid-19.
Britain’s property owners are continuing to bump up asking prices despite fears of a slump in the housing market, a survey showed.
The Bank of England is expected to push through yet another increase in interest rates, one of the key events set to shape a turbulent week for the UK economy and Prime Minister Rishi Sunak.
