(Bloomberg) — Philippine Finance Secretary Benjamin Diokno sees room for one of Asia’s most hawkish central banks to further slow interest rate increases and possibly change tack as inflation expectations cool.
Philippine oil and gas drillers tumbled Wednesday after the top court voided the nation’s 2005 deal with China and Vietnam to jointly explore for oil and gas in the South China Sea, less than a week after President Ferdinand Marcos Jr. agreed to revive similar talks with Beijing.
Britain’s tax authority failed to collect £42 billion ($51 billion) in 2021-22, in large part because it did not have the staff to ensure compliance, leaving the public finances under even greater strain, a committee of lawmakers said.
HSBC Holdings Plc’s Chairman Mark Tucker sees a significant boost to the global economy and a rebound in Hong Kong from China’s reopening.
Activists monitoring Iran’s protests are increasingly covering executions and arrests rather than street demonstrations, a sign of how momentum in the unrest has shifted to the state and its crackdown.
More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence.
British anti-terror police are investigating after a package contaminated with traces of uranium was detected during routine checks at London’s Heathrow airport.
The collective hive mind of Wall Street is backing a view that the euro rally is just getting started.
The French economy continued to grow at the end of 2022 and should avoid a contraction in the first weeks of the year despite headwinds from surging energy prices, a Bank of France survey showed.
The UK health system faces a moment of peril Wednesday as ambulance workers hold a second strike and officials urge the public not to call emergency services unless it’s a matter of life-or-death.
