While inflation has peaked in Singapore and growth prospects have dimmed, authorities aren’t shifting to pro-growth mode just yet as the battle against persistent price pressures isn’t over, the head of the central bank said.
Australian Prime Minister Anthony Albanese is considering several candidates for Reserve Bank governor, including extending the term of incumbent Philip Lowe, as speculation mounts about the next head of the RBA.
Chinese leader Xi Jinping called on nations to spurn decoupling and the cutting of supply chains, one day after his nation imposed limits on exports of two key metals used to make chips to counter Western restrictions on Beijing.
Expansion in China’s services industry slowed in June from the previous month, according to a private survey, providing more evidence that the key driver of the country’s post-Covid recovery is cooling.
Consumer prices in Thailand are set to rise less than previously forecast this year, the Commerce Ministry said, after headline inflation rate in June fell to its lowest level since 2021 on lower energy and food costs.
A $1.8 billion project by defaulted Chinese developer Shimao Group Holdings Ltd. failed to find a buyer at a forced auction, underscoring the lack of investment appetite amid a weakening economy.
Moderna Inc. is set to announce its first investment in China as early as Wednesday as heightened geopolitical tensions puts the spotlight on the Asian nation’s efforts to rebuild ties with foreign firms.
AustralianSuper, the nation’s largest pension fund, is preparing for an “opportunity rich” environment in global markets as high interest rates weigh heavier on asset prices.
The Monetary Authority of Singapore has set aside about 2% of its equities portfolio or just over S$8 billion ($6 billion) to a climate transition program.
South Korea will allow new domestic players to enter its banking industry for the first time in 30 years, a move meant to boost competition in a sector dominated by five major lenders.
