IMF urges Asia to keep monetary policy tighter for longer

WASHINGTON: Asian central banks may need to keep monetary policy “tighter for longer” to combat still substantial inflation risks, senior International Monetary Fund (IMF) official Krishna Srinivasan said on Thursday (Apr 13). Some central banks in the region, such as Australia’s, have begun pausing interest rate hikes as they sawContinue Reading

Taiwan stages war and disaster drills after Chinese exercise

Explosions sounded in one scenario as flares were launched at a residential building to simulate a missile strike, while loudspeakers declared an attack by “Communist China”. Fire engines rushed to the scene, sirens blaring, as diggers and cranes worked to remove fake debris. In another, coloured gas was released toContinue Reading