Worst productivity drop ever means more inflation

July inflation was “only” 8.5% year-on-year vs. 9.1% year-on-year in June, mainly because energy prices fell on the month. In the hope that fading inflation would slow the Federal Reserve’s monetary tightening, the 30-year US Treasury bond yield dropped – for about 10 minutes. Traders decided that the light at the end of the tunnel […]

The post Worst productivity drop ever means more inflation appeared first on Asia Times.

Continue Reading

Malaysia urges ASEAN states to engage with Myanmar junta’s rivals

BANGKOK: Malaysia wants a clear endgame in Myanmar’s faltering peace process and is advocating direct engagement by Association of Southeast Asian Nations (ASEAN) states with the junta’s opponents, and bringing other countries into the fold, its foreign minister said on Wednesday (Aug 10). Saifuddin Abdullah, whose candid remarks about theContinue Reading