Philippine Peso’s Rally Faces Test From Widening Trade Deficit
The Philippine peso’s advance fueled by bets on further rate hikes by the nation’s central bank could face headwinds from a widening trade deficit.
The Philippine peso’s advance fueled by bets on further rate hikes by the nation’s central bank could face headwinds from a widening trade deficit.
North Korean leader Kim Jong Un oversaw a nuclear counterstrike drill involving a missile with a mock atomic warhead capable of reaching Japan’s west coast, its official media said.
Pathology business Australian Clinical Labs Ltd. has made an all-stock offer for larger rival Healius Ltd. worth A$1.58 billion ($1.1 billion) that would create the largest player in the country as the industry struggles in the wake of Covid-19.
Britain’s property owners are continuing to bump up asking prices despite fears of a slump in the housing market, a survey showed.
The Bank of England is expected to push through yet another increase in interest rates, one of the key events set to shape a turbulent week for the UK economy and Prime Minister Rishi Sunak.
Staff at Teleperformance are still reviewing TikTok’s most disturbing content, including child sexual abuse, despite the company’s pledge to exit the business following shareholder backlash last year.
Newcleo, a company developing small nuclear reactors powered by radioactive waste, has started a plan to raise as much as 1 billion euros ($1.1 billion).
The Chinese president’s trip to Russia marks his most ambitious effort yet to weigh into Europe’s bloodiest conflict since the Second World War.
Currency markets fluctuated after Switzerland brokered a rescue of Credit Suisse Group AG, with traders weighing the deal’s impact on the Federal Reserve’s monetary-tightening path.
Oil steadied at the week’s open as the world’s most powerful economies took aggressive steps to contain the worst global banking crisis since 2008, bolstering the allure of risk assets including commodities.