NEW ZEALAND
<strong>Inflation at 32-year high</strong>
Inflation in the second quarter of this year rose to a 32-year high of 7.3 percent year-on-year, official figures released yesterday showed. The main drivers were rising fuel, food and housing costs, said Stats NZ, putting inflation at a level last seen in 1990. “Supply chain issues, labor costs, and higher demand have continued to push up the cost of building a new house,” said Jason Attewell of Stats NZ. Earlier this month, the central bank raised its benchmark interest rate to its highest level in six years and said further rises could follow.
INDIA
<strong>Growth forecast
Malaysia's Top Glove Corp Bhd has postponed a plan to raise US$347 million in a Hong Kong listing due to elevated market uncertainty after Russia's invasion of Ukraine, its managing director said on Tuesday, confirming an earlier Reuters report.
Malaysia s Top Glove Corp Bhd has postponed a plan to raise $347 million in a Hong Kong listing due to elevated market uncertainty after Russia s invasion of Ukraine, its managing director said on. | March 8, 2022