Australian mortgages are more sensitive to higher interest rates than those in other advanced economies, the Reserve Bank said, while adding that this doesn’t imply that monetary policy is more potent.
Australia’s central bank boosted its forecast for core inflation this year and is trying to ensure the economy avoids a wage-price spiral, underscoring the need for even higher interest rates.
Japanese convenience store operator Lawson Inc. is exploring strategic options for its China operation, people with knowledge of the matter said, as consumption in the country recovers after Covid lockdowns.
Tokyo Electron Ltd. raised its profit outlook for the year after global chipmakers continued to spend on new equipment in the face of rising economic uncertainty.
Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this week’s twin earthquakes. The World Bank announced a $1.78 billion relief package as well.
Expedia Group Inc. executives gave an optimistic outlook for travel demand in the current quarter, reassuring investors after the company’s fourth-quarter results were weaker than expected.
US Senator John Fetterman, who suffered a stroke while running for election in Pennsylvania last year, has been hospitalized in Washington after feeling lightheaded.
President Joe Biden denied his administration is considering deporting major numbers of non-Mexican immigrants, saying he didn’t think there was a need to do that even if pandemic-era border restrictions are lifted.
Peru unexpectedly halted its steepest-ever series of interest rate hikes as violent unrest paralyzes swathes of the economy and dents the growth outlook.
Citigroup Inc. has been dropped from the group of banks poised to handle the biggest-ever municipal-bond transaction from Texas after the state’s attorney general’s office determined the firm “discriminates” against the firearms industry, barring it from underwriting most government borrowings in the state.
