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Dollar rises as Middle East tensions spark flight to safe-haven assets
TOKYO, March 23 — The dollar rose today as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets. The Australian dollar, a liquid proxy for global sentiment, slid as equities sold off
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Cambodia LPG supplier halts sales over Middle East supply disruptions
PHNOM PENH, March 23 — A major Cambodian energy supplier will halt sales of liquefied petroleum gas (LPG) from April 1 after supply disruptions linked to the Middle East conflict. Sokimex said it would “temporarily suspend the supply of LPG
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Oil prices spike as Trump gives Iran 48-hour ultimatum over Strait of Hormuz
TOKYO, March 22 — Oil prices rose early Monday after US President Donald Trump gave Iran a 48-hour ultimatum to reopen the Strait of Hormuz or face strikes on its energy infrastructure, while Israel warned its war effort could continue
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What is a US-China ‘Board of Trade’ and how would it shape bilateral commerce?
WASHINGTON, March 23 — As Washington and Beijing mull a new mechanism to adjust trade between the world’s two largest economies, some analysts warn that it could interfere with market forces, while others consider it a path to smoother coexistence.
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BIS economist Shin Hyun‑song, who warned of the 2008 global financial crisis, named Bank of Korea governor
SEOUL, March 22 — South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named today to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia’s fourth-largest economy.
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China’s premier vows to expand global ‘trade pie’, warns rules‑based order under strain
BEIJING, March 22 — China’s number two leader Li Qiang said today that his country was willing to help expand the global “trade pie” by further opening up, state media reported, while he slammed unilateralism from certain countries. Many of
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Sri Lanka lifts fuel prices 25pc as Hormuz closure hits imports from Malaysia and other countries
COLOMBO, March 22 — Sri Lanka raised fuel prices by 25 per cent today, the second increase in two weeks, as the country prepared for more impact from the war in the Middle East. Regular petrol was increased to 398
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Indonesia optimistic of 5.5pc Q1 growth on Ramadan–Aidilfitri spending, upcoming WFH policy
JAKARTA, March 22 — Indonesia is optimistic about achieving its 5.5 per cent economic growth target in the first quarter, supported by government programmes implemented during Ramadan and Aidilfitri. The flexible work arrangement policy, set to be introduced after the
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Global squeeze sends gold lower, but experts say it’s not the endgame
KUALA LUMPUR, March 21 — Gold prices are currently under pressure due to market liquidation, rising real yields and temporarily delayed physical demand, rather than a breakdown in the long-term macroeconomic outlook, according to an analyst. SPI Asset Management managing
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Bangladesh seeks US$2b in loans to tackle energy crisis amid Middle East war
DHAKA, March 21 — Bangladesh is pushing to secure loans of around US$2 billion from multilateral agencies for tackling energy security concerns amid soaring global fuel prices driven by the Mideast war. The government has already taken several measures to
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