The Philippine economy will likely expand at a lower band than previously estimated, Finance Secretary Benjamin Diokno said, as the new administration faces a raft of challenges.
Malaysia’s central bank raised its benchmark interest rate for a second straight meeting in a bid to tame inflation and signaled more measures going forward will be gradual.
A strike by oil workers in Norway that threatened to have wider ramifications for Europe’s energy supply is heading for resolution after the government proposed a compulsory wage board to tackle the dispute.
European natural gas prices halted their rally after Norway’s oil and gas unions agreed to end a strike and Germany took steps to ease its supply crunch.
Russia appears on track for a far shallower recession than many initially forecast due to rising oil production that has blunted the impact of international sanctions over its war in Ukraine.
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