Philippine central bank Governor Eli Remolona warned against “sudden reversals” of monetary policy when asked about the possibility of a rate cut in an interview with Nomura Holdings Inc. earlier this month.
Russia launched its first lunar lander in nearly 50 years on Friday in a journey to the moon’s south pole, joining a race with NASA and other space agencies to the region.
China’s bond traders have been lulled into a stupor by promises of stimulus that have failed to excite investors and market signals suggest next week’s key central bank decision will do little to shake them into action.
Esdec Solar Group is seeking an initial public offering in New York that would value the Blackstone Inc.-backed solar firm at more than $5 billion, according to people familiar with the matter.
China lifted a ban on group tours to a slew of countries including the US, UK, Australia, South Korea and Japan, in a major test of demand for overseas travel from what was once the world’s biggest source of tourists.
China’s 6 trillion yuan ($832 billion) hedge fund industry is bracing for a historic shakeup that will likely cause thousands of smaller managers to shut and impose stricter regulations on larger peers that have become a growing force in local markets.
President Joe Biden said he regretted the name of one of his signature legislative achievements — the Inflation Reduction Act — saying the title didn’t draw enough attention to its impact on the overall economy.
New Zealand posted its first monthly decline in food prices since early 2022, adding to signs that inflation pressures are continuing to ease.
Money managers, lobbyists and members of Congress had hoped President Joe Biden’s long-awaited restrictions on investment in China would make clear what was allowed and what was out of bounds.
The assassination of a top presidential candidate put a prominent face on Ecuador’s rapid transformation into one of the planet’s most violent countries.
