World

The U.S. Federal Reserve is anticipated to reduce interest rates later this year, which could have implications for various Asian currencies. Generally, higher interest rates tend to strengthen a country’s currency by attracting foreign investment and increasing demand. Conversely, a weaker U.S. dollar often spells positive news for emerging markets, especially when the Fed decides
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Tourism revenues in China experienced a significant surge of 47.3% year-on-year during the eight-day Lunar New Year holidays, exceeding pre-COVID 2019 levels. The data released by the Ministry of Culture and Tourism showcase a domestic travel boom that contributed to this impressive growth. This surge in tourism revenues comes as a temporary relief to policymakers
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Ukrainian President Volodymyr Zelenskyy extended an invitation to U.S. presidential hopeful Donald Trump to visit the war-torn front lines of Ukraine. Zelenskyy, speaking at the Munich Security Conference, expressed his willingness to accompany Trump if he decides to accept the invitation. This offer comes amidst Trump’s skepticism towards the U.S.’s support for Kyiv, with him
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Japan’s economy has faced yet another setback, slipping into a technical recession as it unexpectedly contracted in the October-December period. The provisional government data released brings to light the challenges posed by high inflation, which has crippled domestic demand and private consumption. Consequently, this has created difficulties for Bank of Japan Governor Kazuo Ueda and
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On the heels of hotter-than-expected U.S. January inflation data, Asia-Pacific markets experienced a downward trend, mirroring the losses seen on Wall Street. The spike in the consumer price index (CPI) has raised concerns among economists and investors about the potential impact on the global economy. This article delves into the repercussions of the inflation data
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