Australia’s trade surplus skyrocketed to a record high in May, driven by stronger prices of its key export -- coal -- while imports surged too in a sign of solid domestic demand.
China is using a well-established playbook to cool pork prices that will be easily recognized by traders in other vital commodities sectors.
Sri Lanka’s central bank raised borrowing costs in a bid to rein in record prices that have stoked Asia’s fastest inflation and support the currency.
Carlyle Group Inc.’s new $8.5 billion Asia fund aims to have as little as half the exposure to Greater China as previous funds, driven by investor concern over rising geopolitical risks and regulatory uncertainty in Beijing, according to people familiar with the matter.
Japan’s economic recovery is forecast to be losing momentum amid the growing concern over a synchronized global slowdown, according to economists surveyed by Bloomberg.
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