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When a New Zealand central bank official spoke in September about the kōtuku, a white heron that features prominently in folklore of the indigenous Māori, the world's hard-nosed foreign exchange traders took it as a cue to dump the local currency.
Investors are pricing in the briskest inflation rates in decades for the United States and the euro zone but central bankers may be well advised to take that with a pinch of salt given flaws in the indicator.
One of the largest U.S. diesel retailers is assembling a fuels trading, processing and distribution powerhouse that could turn a truck stop operator part-owned by billionaire Warren Buffett into the Walmart of petroleum.
Already mired in economic collapse, Lebanon is facing a blast of Gulf Arab anger after a prominent broadcaster-turned-minister levelled blunt criticism at Saudi Arabia, in a row that has further strained Beirut's ties with once generous benefactors.
As Myanmar's military seeks to put down protest on the streets, a parallel battle is playing out on social media, with the junta using fake accounts to denounce opponents and press its message that it seized power to save the nation from election fraud, eight people with...