Simon Cameron Moore News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SEOUL/TOKYO (Reuters) -North Korea said it successfully placed its first spy satellite in orbit on Tuesday and vowed to launch more in the near future, defying international condemnation from the United States and its allies. Officials in South Korea and Japan, which first reported the launch, said they could not immediately verify whether a satellite was placed in orbit. Pentagon spokesperson Sabrina Singh said the U.S. military was still assessing whether the launch was a success or not.

Treasury yields and the dollar hit multi-month lows on Wednesday after a U.S. Federal Reserve official made fresh hints of interest rate cuts, while stocks were mixed globally. Fed funds...

Pedestrians walk past an electronic board displaying the Nikkei stock average, outside a brokerage firm in Tokyo, Japan, October 31, 2023. REUTERS/Kim

As Asia's banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and profitability profiles to provide returns next year. Over the past 18 months Asian central banks tracked the U.S. Federal Reserve tightening monetary policy to battle inflation, but their interest rates hikes were smaller and slower, resulting in better interest income for the region's banks without loan growth suffering. Banking indexes in India, Indonesia and Thailand have all outperformed the broader M...

As Asia's banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and profitability...