Thailand Signals More Rate Hikes After Quarter-Point Move
Thailand’s central bank raised its benchmark interest rate for a fifth straight time and signaled more monetary tightening is on the horizon to return inflation to target.
Thailand’s central bank raised its benchmark interest rate for a fifth straight time and signaled more monetary tightening is on the horizon to return inflation to target.
Alibaba Group Holding Ltd.’s massive overhaul plan boosted Chinese tech stocks, with investors betting the sector is in for an overdue revaluation as the regulatory environment improves.
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The Kuwait Investment Authority sold shares worth about €1.4 billion in Mercedes-Benz Group AG — roughly a quarter of its stake — after the carmaker’s stock almost quadrupled over the last three years.
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