Sri Lanka Pushes Debt Restructuring Presentation to Mid-May
Sri Lanka pushed back the release of its debt restructuring plan to investors to the middle of May from this month.
Bloomberg Business
China Says Taiwan Editor Held on Suspicion of Harming Security
China said a publisher from Taiwan has come under investigation for alleged involvement in activities that hurt national security, an event that risks worsening already fraught relations between the two sides of the strait.
Australian Barbecue Index Eases in Respite for RBA and Treasurer
The cost of an Australian “barbie” eased quicker than inflation in the first three months of the year, suggesting households may be in slightly better shape than the Reserve Bank and Treasurer Jim Chalmers anticipated.
Circle’s Allaire Faults US Financial Risks After $13 Billion Drop in Stablecoin USDC
A push by investors to “de-risk out of the US” amid banking sector and regulatory challenges contributed to the drop in the market value of stablecoin USD Coin, according to the chief executive of the token’s issuer.
Australia’s Core Inflation Cools, Vindicating RBA’s Rate Pause
Australia’s core inflation decelerated in the first three months of 2023, lending weight to the Reserve Bank’s view that prices will steadily come down and supporting the case for it to extend an interest-rate pause.
Yuan Overtakes Dollar as China’s Most Used Cross-Border Currency
China passed another milestone in its bid to reduce reliance on the dollar, as yuan usage in its cross-border transactions jumped ahead of the greenback’s for the first time in March.
Alibaba Cuts Cloud Prices to Spur Growth Before Possible IPO
(Bloomberg) — Alibaba Group Holding Ltd. is cutting the cost of its cloud services by as much as half, a move that could win users from rivals such as Tencent Holdings Ltd. at a time it’s considering spinning off the fast-growing Aliyun business.
South Africa Backtracks on ICC Stance Before Possible Putin Trip
South African President Cyril Ramaphosa walked back his statement that the country plans to withdraw from the International Criminal Court, as the authorities grapple with how to handle a potential visit by Russian leader Vladimir Putin this year.
Heat Waves, Cyclones Are Impacting Stock Markets Across Asia
Stock pickers in some of Asia’s key markets are being battered by a series of extreme weather events from heat waves to flooding, signaling the difficulties ahead as El Nino-related risks rise and climate change accelerates.
Citi Names Mark Woodruff Head for Australia and New Zealand
Citigroup Inc. has appointed a 20-year veteran of the bank Mark Woodruff as head of Australia and New Zealand, the company said in a statement Wednesday.
