SHANGHAI: China’s central bank partially rolled over maturing medium-term policy loans while maintaining the interest rate as expected on Thursday, as hawkish U.S. Federal Reserve tightening limited room to manoeuvre monetary policy to support the economy. Read full storyContinue Reading
KUALA LUMPUR: Malaysian palm oil has been able to penetrate new global markets mainly in three countries, namely Estonia, the Czech Republic, and Hungary which have started purchasing the commodity in recent months. Read full storyContinue Reading
Let’s get you up to speed with the day’s stories. Singapore has granted interim authorisation for its first bivalent COVID-19 booster vaccine. The Spikevax Bivalent Original/Omicron COVID-19 jab by Moderna comprises two components that target the original SARS-CoV-2 strain and the Omicron BA.1 variant respectively. It is an updated versionContinue Reading
South Korea has fined Google and Meta more than US$71mil collectively for gathering users’ personal information without consent pertaining to tailored ads, regulators said Wednesday, the particular country’s highest-ever information protection fines. Read full story Continue Reading
Diniz said the financial markets had responded highly to the data, resulting in another strong gratitude of the US money against other foreign currencies. He also noted that oil benchmark Brent crude price fell by 0. 08 per cent to US$93. 10 per barrel. On Tuesday, Finance Minister Tengku ZafrulContinue Reading
TOKYO – Few narratives spook Asia more than word of trouble in Thailand – a lot more so when foreign-exchange reserves are involved. It was Bangkok’s devaluation in July 1997 that put in place the Asian financial crisis. As foreign-exchange supplies ran out, the government and Bank of Asia had no choice but to discard the […]
The post Falling FX reserves herald Asia financial crisis 2 . 0 made an appearance first on Asia Periods .
Did the Earth’s climate just cross the Rubicon? It certainly feels that way given all the intense weather events occurring. Europe recorded the hottest summer on record. California continues to be in an unprecedented climate emergency that may result in rolling electricity blackouts. We don’t even know what challenges will be held at in the Southern Hemisphere when summer makes its presence felt. […]
The post No remedy too novel inside a global climate crisis appeared first on Asia Occasions .
KUALA LUMPUR: The FBM KLCI remained deep in negative place, in line with global collateral markets, as the results over missed anticipation in the US August pumpiing data continued. Read complete story Continue Reading
Xi Jinping’s campaign to replace the dollar with the Chinese yuan in the global energy trade is having the seriously great September. Last week, Russian huge Gazprom announced an agreement to invoice payments for shipments in order to China in yuan and rubles rather than dollars. Oil colossus Rosneft PJSC is also rolling out Russia’s biggest-ever yuan-denominated […]
The submit Chinese language yuan hitting its stride in essential oil trade appeared first upon Asian countries Times .
KUALA LUMPUR: Malaysia is not really likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar. Learn full story Continue Reading