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Japan’s inflation soars to 40-year high

Japan’s inflation has risen to its highest level in 40 years as a weak yen drove up commodity prices already surging worldwide.Core consumer...

‘Crazy rich’ Indonesians’ arrests spotlight investment perils

Medan, Indonesia – Indonesian influencers Indra Kesuma and Doni Salmanan lived the kind of lives most people can only dream of.On his now-deleted...

In Indonesia’s illegal mines, the poor risk it all for fortune

Medan, Indonesia – Lampang has been a miner at a community gold mine in Indonesia’s East Kalimantan for more than 30 years. Even...

Explainer: After Russia swerves to avoid default, what is next?

Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s...

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.Australia’s central bank has raised interest rates for...

Tesla most ‘future-ready’ carmaker, China’s BYD rising: Report

Tesla is the most “future-ready” carmaker, while its Chinese competitor BYD has made the most progress in enhancing its resilience, according to an...

Asian shares rise as US Federal Reserve strikes less hawkish tone

Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.Asian shares rose on Thursday after the...

South Korea’s new gov’t to compensate businesses for COVID curbs

President-elect Yoon Suk-yeol’s transition team does not specify how much small businesses will be paid.South Korean president-elect Yoon Suk-yeol’s government will compensate 5.5...

Asian shares tumble on US Fed’s tightening, China lockdowns

MSCI’s broadest index of Asia Pacific shares outside Japan fall 1.1 percent in morning tradeAsian shares tumbled on Friday as investors fretted about...

Asia facing ‘stagflationary’ risks, IMF official warns

Senior official points to Ukraine war, soaring commodity prices and China’s economic slowdown as risks to the region.Asia faces a “stagflationary” outlook, a...

China’s prices surge past forecasts amid lockdowns, Ukraine war

Soaring factory inflation in world’s second-largest economy could exacerbate rising prices worldwide.China’s inflation rose more than expected in March as COVID-19 lockdowns and...

Bank of Japan member stresses easy policy despite rising costs

Asahi Noguchi says loose policy needed as Japan is not experiencing high rates of inflation seen in other countries.Bank of Japan (BOJ) board...
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