Hong Kong’s intervention to support the local dollar has made just a minor dent in traders’ bearish bets, suggesting more liquidity will need to be drained from the system to defend the currency peg.
Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle.
Australia’s Treasury Wine Estates Ltd., best known for its Penfolds brand, is cautious about trade resuming with China and not banking on the removal of tariffs even as diplomatic ties show signs of warming.
Billionaire Anil Agarwal’s commodities giant has slashed net debt by $2 billion in the current financial year as it seeks to soothe investor concern over its liquidity and ability to repay upcoming obligations.
Venture capital and private equity firms including Sequoia Capital, Thoma Bravo and Paradigm were accused in a lawsuit of hyping the legitimacy of FTX, the cryptocurrency exchange that collapsed causing billions of dollars in losses.
Monetary policy chiefs across the world have had a tough 12 months, but nothing compares with trying to run a financial system from a bomb shelter.
The BRICS group of nations plans to decide this year whether to admit new members and what criteria they would have to meet, with Iran and Saudi Arabia among those who’ve formally asked to join, according to South Africa’s ambassador to the bloc.
The UK and US breached human-rights laws by evicting the inhabitants of the Chagos Islands in the Indian Ocean to make way for an American airforce base and denying them the right to return, Human Rights Watch said.
Indonesian state-owned lenders have some of the biggest exposure to PT Waskita Karya, the construction company meeting with bondholders this week as it seeks to restructure its finances.
Singapore home sales climbed to a four-month high, helped by a new project launch that highlighted residents’ pent-up demand after supply dwindled late last year.
