U.S. banking woes a major factor behind Bank of Korea rate freeze
SEOUL (Reuters) – Most of the South Korean central bank’s board members cited concerns about the U.S. banking sector’s health…
Economy
Australia central bank stuns with 25-bps hike, warns more might be needed
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday stunned markets by raising its cash rate 25 basis points…
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April,…
Australian landlords push back on property valuation doomsday
By Lewis Jackson SYDNEY (Reuters) – Australia’s biggest landlords and developers played down concerns about inflated commercial property valuations at…
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders…
South African rand up slightly; focus on local PMIs and Fed this week
JOHANNESBURG (Reuters) – South Africa’s rand was marginally stronger in early trade on Tuesday, with market attention this week likely…
Lithium prices bounce after big plunge, but surpluses loom
By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in…
Indonesia’s April annual inflation eases to 4.33%, below forecast
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s consumer price index rose 4.33% annually in April, government data showed on Tuesday,…
IMF raises Asia’s economic forecast on China recovery, warns of risks
By Leika Kihara (Reuters) -The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth,…
Amid China pressure, US and Philippines recommit to security alliance
By Jeff Mason, Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden told his counterpart Ferdinand Marcos Jr. on…