Auckland was hit by almost a whole summer’s worth of rain in just 15 hours, causing an Elton John concert to be canceled, thwarting long weekend travel plans, and leaving residents in flood-prone areas of New Zealand’s biggest city preparing to evacuate.
Pakistan’s rupee slumped more than 4% to set a new record low as authorities loosened their grip on the currency to help secure financing from the International Monetary Fund.
The Philippines just notched its fastest economic growth since disco music was rattling the airwaves and Gerald Ford was US president. Sustaining that pace against a gloomy global backdrop will be a challenge.
The baht is set to extend its rally as the Chinese reopening buoys the outlook for tourist arrivals, helping propel Thailand’s growth this year to the highest in five years, according to the nation’s Finance Ministry.
Myanmar’s military government took an early step toward holding parliamentary elections, but it did so by imposing strict rules on political parties that may make fair balloting difficult.
Asian semiconductor stocks rose Friday, dismissing one of the worst-ever outlooks from stalwart Intel Corp. as investors look toward an eventual recovery in the sector.
Pershing Square’s Bill Ackman found the Hindenburg Research’s report on Adani Group companies “highly credible and extremely well researched,” he said in a Twitter post, less than two days after the American short seller’s swipe at the Indian conglomerate shaved $12 billion off its market value.
Russia is preparing a new offensive to regain the initiative even as it prepares for a long standoff in Ukraine
Europe’s top securities watchdog wants London-based hedge funds and asset managers to prove they have built up a presence in the European Union after Brexit.
Back-to-back interest-rate increases of 50 basis points are approaching from the European Central Bank, whose battle with persistent inflation will see it hike borrowing costs until May, according to a Bloomberg survey of economists.
