China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.
The economic surge caused by the end of China’s Covid Zero restrictions can’t offset the impact to the Australian budget from the global economic downturn, Treasurer Jim Chalmers said, just two days before he reveals his fiscal blueprint for 2023.
The second meeting in two months between leaders of Japan and South Korea after years without a formal summit marks another win for the Biden administration, which has sought to unite the allies to cooperate against North Korea and undercut China’s growing power.
Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil tanker Pablo ripped off its deck like a sardine can and began a fire that sent dark plumes of smoke into the sky.
Offshore liquefied natural gas producers in Australia will be required to pay more tax from July as the government seeks to take a larger share of booming energy sector profits.
The International Monetary Fund flagged risks to the Bangladesh economy such as inflation, growth and foreign reserves as it concluded its mission under the $4.7 billion loan program.
The growing likelihood of a US recession and a pause in the Federal Reserve’s rate hikes is reshaping the global landscape, and prompting Asia’s stock pickers to recalibrate their bets.
Warren Buffett faced question after question about one thing in particular at Berkshire Hathaway Inc’s annual meeting on Saturday: His successor.
A group of 43 Senate Republicans including Minority Leader Mitch McConnell said they’d oppose allowing a vote on legislation increasing the US debt limit with no strings attached, saying “substantive spending and budget reforms” must be part of the package.
