(Bloomberg) -- Malaysia is expected to raise its main policy rate for a second straight meeting on Wednesday, as the nation’s central bank begins to feel pressure from stubborn inflation and a stronger dollar in the face of an aggressive US Federal Reserve.
(Bloomberg) -- China’s demand for gasoline and diesel is nearing a return to pre-virus levels as the nation cautiously emerges from strict virus lockdowns.
Week after week of on-the-fly calculations about the intensity of inflation and the likelihood of a recession are preventing markets from finding equilibrium. The churn is spurring increasingly worse forecasts for when and where the volatility will cease.
Boris Johnson concluded a meeting with his core team in which he said he will replace Chancellor of the Exchequer Rishi Sunak and Health Secretary Sajid Javid possibly as soon as Tuesday, and vowed to stay on as UK premier, according to a person familiar with the situation.
The British pound held its decline versus the dollar after two members from Boris Johnson’s cabinet announced their resignations, dealing the latest blow to the UK prime minister.
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