South Korea posted a record trade deficit in January as exports weakened further, raising concerns the economy may fall into recession amid deteriorating semiconductor demand and persistently elevated energy prices.
Oil edged higher before a Federal Reserve monetary-policy decision and guidance from producer group OPEC and its allies.
The Biden administration will supply Ukraine with longer-range artillery and ammunition as part of a new $2 billion package of military assistance, a person familiar with the matter said Tuesday night.
Stocks in Asia advanced after US shares ended January on a high note as signs of cooling inflation encouraged risk appetite ahead of the Federal Reserve’s Wednesday meeting.
Most of the dollar bonds issued by the Adani group of companies gained for a second day Wednesday after its flagship sold $2.5 billion worth of shares in a fully subscribed follow-on offering.
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