Stocks in Asia were set to rise after a rally on Wall Street pushed US tech shares into a bull market amid bets that a peak in interest rates is near and bank turmoil will continue to ease.
Investors are betting one major central bank will successfully navigate the policy tightening required to cool inflation without sending its economy into reverse: the Reserve Bank of Australia.
Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender’s next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.
New Zealand’s government is seeking feedback on proposals for a second crossing for Auckland’s Waitemata Harbour to solve growing traffic congestion problems.
Chevron Corp., BP Plc. and other oil giants bid a combined $264 million in a Biden administration oil-drilling auction, a fresh affront to climate activists smarting from the White House’s approval of an Arctic exploration project.
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