Asia Makes a Stand as Dollar Threatens to Upend Currency Markets
Asian officials went on the offense against the resurgent dollar, with some choosing to stand together but all united in their desire for currency stability.
Asian officials went on the offense against the resurgent dollar, with some choosing to stand together but all united in their desire for currency stability.
The World Bank is aiding Kenya to issue Africa’s first sustainability-linked bond by the end of this year, as the East African nation broadens its external funding sources.
President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.
Stocks advanced and Treasuries edged higher as global markets steadied after the turbulence earlier in the week. Asian currencies rallied as authorities pushed back against a stronger dollar.
An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing one of Iran’s prominent assets in the area as the country braces for a potential Israeli attack.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}