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Asia Central Banks Turn to Bond Playbook to Defend Currencies

(Bloomberg) Policymakers in Asia’s emerging markets are turning to unconventional tools to protect their currencies as fears over higher-for-longer US interest rates and rising global tensions drag down risk assets.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion Ne

War in Israel: Cyber, Kinetic Implications for the World

In a world marred by conflict, PM Modi is a consensus-builder par excellence

As the world navigates escalating challenges, it seeks an anchor in the timeless ethos of Bharat's Vasudhaiva Kutumbakam. Standing tall as its resolute torchbearer in these times is none other than the nation’s Pradhan Sevak

WTO halves 2023 goods trade growth forecast

The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war in Ukraine had cast a shadow over its outlook. The Geneva-based trade body said on Thursday merchandise trade volumes would increase by just 0.8% in 2023, compared with its April estimate of 1.7%. For 2024, it said goods trade growth would pick up to 3.3%, a forecast virtually unchanged from its April estimate of 3.2%.

Biden heads for tense G20 as China, Russia stay away

US President Joe Biden leaves for the G20 in India on Thursday, aiming to boost alliances at a summit where global tensions will be highlighted by the absence of the Chinese and Russian leaders.Russian President Vladimir Putin is meanwhile not even planning to make a video address at the G20, the Kremlin said Thursday, amid fraught relations between Moscow and the West over Ukraine.

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