Inflation in Indonesia brought under control faster than expected Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Most Asian currencies weakened on Friday amid fears of a possible recession, as global central banks joined a chorus of outsized interest rate hikes after the US Federal Reserve's biggest rate increase since 1994 earlier this week.
BENGALURU: Asian stocks slid on Thursday as prospects of interest rate hikes sullied global investor sentiment ahead of policy meeting by the European Central Bank (ECB), while a rally in oil prices rekindled fears of inflation and economic slowdown.