Investors will pour more money into solar power than in oil production this year for the first time, signaling the scale and speed of the transition to low-carbon sources of energy.
The Bank of Korea left interest rates unchanged for a third straight meeting while reinforcing its message that persistent inflation means an additional hike is still possible.
Philippine President Ferdinand Marcos Jr. is pushing for the immediate enactment of a bill in the Senate that will set up a sovereign wealth fund that proponents say will shield the country from slowing economic growth and rising borrowing costs.
The Singaporean dollar surged to the strongest level on record against the Malaysian ringgit, with the latter suffering more from weakening confidence in China’s economic recovery.
A New York court has found that the billionaire Reuben brothers were defrauded by a family friend of an old business contact who took $25 million of their money to invest in a Russian poultry business.
The European Union is managing to replace shipments of diesel from Russia — by far the bloc’s top external supplier before a ban on seaborne imports started in February.
The selloff in a gauge of Southeast Asian equities this month has made it cheaper than a broader regional benchmark for the first time since the summer of 2021.
India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that’s expected to tighten later in the year, according to a top banker.
A bulk carrier that briefly ran aground in the Suez Canal was refloated, clearing a disruption to one of the world’s most vital waterways.
Thailand’s Move Forward party said more than a dozen senators have pledged support for Pita Limjaroenrat’s bid to become prime minister, boosting the chances of his pro-democracy coalition wresting power from a military-backed establishment.
