Page 54 - Eco News Today

A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.

The Indian rupee is likely to open slightly higher to the U.S. dollar on Wednesday, shrugging off a decline in other Asian currencies.

Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation.

Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic recovery though uncertainty remains high amid slowing global growth, a Reuters poll showed.

Taiwan's government says China will try to interfere in key elections in January by illicitly funding Beijing-friendly candidates using communications apps or group tours, according to three internal security reports reviewed by Reuters.

Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Fed talk later in the afternoon and possible U.S. crude stock draws in outweighed China demand worries.

Infant mortality rises and life expectancy falls when sovereign debt defaults are not quickly resolved, a study said on Wednesday, as negotiations to restructure the debts of countries including Zambia, Sri Lanka and Ghana drag on.

Inflation defied expectations putting more pressure on the Bank of England a day before it is forecast to raise interest rates for the 13th time in a row.

The United States plans to levy new restrictions this week to cut off finances to Myanmar's military junta, according to sources with knowledge of the matter and Thai news outlets.

>> but hardly anything caught our imaginations more than the 1997 film, titanic, starring leonardo dicaprio and kate winslet. >> it was earth shattering. people wanted to get more and more information about the titanic. with that, people wanted to get closer to the titantic, they just had to be there, they had to see it. director james cameron in an interview with cnns larry king at the time of the movies release, said the utter shock of the story was a big part of its historic significance. >> ...