Asia
CENTRAL BANKS FACE INFLATION CONUNDRUMThe wave of market selling swept over Wall Street as S&P 500 futures shed 2.1 per cent, while Nasdaq futures dived 2.5 per cent. Over in Europe, EUROSTOXX 50 futures and DAX futures both slid 3.2 per cent, while FTSE futures dropped 1.7 per cent.In bond markets, the risk of rising inflation outweighed safe-haven considerations to shove yields higher globally. Yields on 10-year Treasury notes rose 6 basis points to 4.204 per cent, up from a trough of 3.926 per cent just a week ago.Interest rate futures slipped as investors feared the risk of higher inflation would make…
MANILA: Oil-poor Philippines is to shift to a four-day work week with fuel prices set…
NORTHEAST ASIA PARTNERSAs the world’s second-largest economy and a leader in several sectors, China plays…
HONG KONG: Asian markets were mostly down on Friday (Mar 6) as the war in…
SEOUL: South Korea’s foreign minister said on Friday (Mar 6) that Seoul and Washington are…
GENEVA: The United Nations rights chief said on Friday (Mar 6) that 56 Afghan civilians…
KATHMANDU: Counting was underway in Nepal on Friday (Mar 6), after a high-stakes parliamentary election…
KUALA LUMPUR: Malaysia recorded RM426.7 billion (US$108 billion) in approved investments last year, a historic…
According to Radio Free Europe/Radio Liberty’s Radio Farda and the Committee to Protect Journalists (CPJ),…
The Court of Arbitration for Sport (CAS) on Thursday (Mar 5) eased sanctions on seven…
WASHINGTON: The United States government on Thursday (Mar 5) temporarily eased economic sanctions against Russia…
Hong Kong media tycoon Jimmy Lai will not appeal against his conviction and 20-year jail…
Tokyo’s key exports to Canada include cars, machinery and medical equipment, while Ottawa exports canola,…
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