BEIJING — China has been tweaking its stringent COVID curbs but shows no sign of backing off from its “dynamic zero” policy, and has lagged in vaccination efforts that would enable it to do so, casting a heavy shadow over the world’s second-largest economy. Read More
The pandemic has pushed back gender pay parity by a generation as women suffer the brunt of a global cost of living crisis, according to new research. The World Economic Forum’s annual report into the global gender pay gap found only a fifth of the 146 countries surveyed made progress in closing pay disparities with […]
The euro has fallen to parity with the dollar for the first time in 20 years as another jump in inflation in the United States added to concerns about higher interest rates and the increasing risks of a global recession. The single currency, which had been trading close to parity on worries about the prospects […]
SEOUL — South Korea said on Thursday it is discussing with the United States ways to strengthen cooperation on chip-making, Yonhap News Agency reported. Read More
MANILA — The Philippine central bank raised its key interest rates by 75 basis points in a surprise move on Thursday and kept the door open for further tightening as it rushed to contain broadening inflationary pressure and rescue a faltering peso. Read More
The Philippine central bank unexpectedly raised its key interest rate by 75 basis points to 3.25% in an unscheduled move. Governor Felipe Medalla made the announcement via Facebook. Kathleen Hays reports on Bloomberg Television.
SINGAPORE — Oil prices were little changed on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand. Read More
TOKYO — Japanese shares jumped on Thursday as chip and automakers gained from a drop in yen to a 24-year low amid a relentless surge in the greenback on rising bets of aggressive interest rate hikes in the United States. Read More
China’s property-market crisis seems to be exacerbating. A debt selloff is expanding to firms once deemed safe from the cash crunch as some angry home buyers are refusing to pay mortgages for unfinished construction projects. Rebecca Choong Wilkins reports on Bloomberg Television.
Singapore’s central bank unexpectedly tightened monetary policy in its second surprise move this year, as it seeks to tame surging inflation. The Monetary Authority of Singapore, which uses foreign exchange as its main policy tool, signaled in a statement that it will re-center the midpoint of the policy band up to its prevailing level allowing the […]