Japan nominates ex-currency diplomat Kanda to head ADB
(Corrects to remove extraneous word in headline) TOKYO (Reuters) – Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the…
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From Peru to Tuvalu: World Bank chief says global lender must change
By Kirsty Needham SYDNEY (Reuters) – World Bank President Ajay Banga said in a speech on Tuesday after visiting 27 countries from Peru to Tuvalu that the global lender needs…
Asia shares rise with focus on US inflation test, Fed meet
By Rae Wee SINGAPORE (Reuters) – Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street’s overnight rally, though concerns about a still-struggling Chinese economy kept sentiment…
South Korea’s financial watchdog chief warns of household debt turning into systemic risk
SEOUL (Reuters) – South Korea’s financial watchdog chief on Tuesday expressed concern about a rapid pick-up in household debt and said such financial imbalance may turn into systemic risk. “There…
Currencies tread with caution ahead of US inflation test
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data…
Australia business conditions hit 2-1/2-yr lows in August as job outlook worsens
SYDNEY (Reuters) – Australian business conditions fell to the lowest in 2-1/2 years in August with the outlook for jobs taking a hit, a survey showed on Tuesday, while there…
Australian consumers downbeat in Sept amid economic worries
SYDNEY (Reuters) – Australian consumer sentiment stayed downbeat in September as concerns over the economy and jobs bubbled to the surface even as worries over higher interest rates eased, a…
Biden administration sends Congress long-awaited Ukraine strategy report, sources say
By Patricia Zengerle WASHINGTON (Reuters) – U.S. President Joe Biden’s administration has sent Congress a classified report on its strategy for the war in Ukraine, three sources said on Monday,…
Japanese LDP official Kato calls for stimulus plan to boost investment
TOKYO (Reuters) – Katsunobu Kato, Japan’s former health minister and a candidate running in the ruling party leadership race, on Tuesday called for compiling a stimulus package to fund spending…
Australia central bank reforms in doubt as politics interferes
SYDNEY (Reuters) – Long-delayed reforms to the Reserve Bank of Australia (RBA) could be dead in the water after the Liberal National opposition decided to oppose them in parliament, Treasurer…