Australian Treasurer Jim Chalmers described as “bizarre and wrong” claims that a planned overhaul of the Reserve Bank represents a radical reshaping of the institution, saying its board structure will remain essentially the same as it has for the past 60 years.
Australian retail sales rose at a weaker pace than expected in August in a sign that the Reserve Bank’s rapid interest-rate increases are weighing on the economy.
Credit card spending by Indians surged to a record high, raising concerns of potential defaults as indebted households stepped up their borrowing spree ahead of the festive season that kicked off this month.
A gauge of top dividend paying firms in India is poised to outperform the country’s key equity benchmark by the most in 13 years as investors seek to hedge against any potential selloff in the market.
Philippine President Ferdinand Marcos Jr. spent the first 15 months of his term working with the US and its allies to counter China’s incursions in the South China Sea. Now, his government is taking the fight more directly to Beijing in a move that could force the US to make some tough choices.
Sea Ltd. gained a further 5% after Indonesia introduced sweeping regulations that will curb arch-foe TikTok’s efforts in Southeast Asia’s biggest e-commerce arena.
The Chinese yuan is facing multiple headwinds. Now comes the Golden Week holiday, when trading will be frozen in mainland China, but continues in most other places worldwide — thus potentially creating disconnects with other assets.
Bankers and investors are optimistic that a string of initial public offerings will cap off a quiet year for new issuance before things accelerate in 2024.
North Korea enshrined its policy of exponentially growing its nuclear forces into its constitution, in a show of defiance to US requests to return to stalled talks through which Pyongyang could secure economic aid in exchange for disarmament.
As Europe’s top trade chief headed to Beijing this month shortly after announcing a probe into China’s electric vehicle subsidies, some in the bloc braced for fiery criticism and any hint of retaliation.
