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July 13, 2023
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
July 13, 2023
India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters.
July 13, 2023
A threatened U.S. strike at United Parcel Service could be "one of the costliest in at least a century," topping $7 billion for a 10-day work stoppage, a think tank specializing in the economic impact of labor actions said on Thursday.
July 12, 2023
New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, hitting pause as expected and flagging rates would be on hold for some time, with most economists still expecting rate cuts to come in 2024.
July 12, 2023
Australia Treasurer Jim Chalmers said on Wednesday the cabinet would meet soon to decide the next governor of the country's central bank, after local media reported that a government decision could be reached as early as this week.
July 12, 2023
Most major stock markets in the Gulf rose in early trade on Wednesday ahead of U.S. inflation data that could provide clues to the Federal Reserve's rate hike path going ahead.
July 12, 2023
Most stock markets in the Gulf ended higher on Wednesday, as traders awaited a crucial U.S. inflation reading to determine whether the Federal reserve is at the end of its rate hike cycle.
July 12, 2023
Inflation in Russia accelerated in June, data from the state statistics service Rosstat showed on Wednesday, a little over a week before the central bank is expected to hike interest rates for the first time in more than a year.
July 12, 2023
Britain's economy is showing some signs of strain from the Bank of England's 13 back-to-back interest rate increases, but the jobs market is still generating inflationary heat and consumers have not reined in their spending sharply.
July 12, 2023
The International Monetary Fund's board approved a $3 billion bailout programme for Pakistan which will immediately disburse about $1.2 billion to help stabilise the South Asian ailing economy, the lender said on Wednesday.