South Korea joined a growing list of interventions on Wednesday, with the central bank saying it will buy as much as $2.1 billion worth of sovereign debt. In Taiwan, officials have floated currency controls and signaled a readiness to ban stock short sales. China has instructed some funds to refrain from large share sales and told banks to ensure the yuan's daily fixing is being "respected" by market players.
Governments all over the world are grappling with the fallout from the Fed's most aggressive trajectory of interest-rate hikes since the 1980s, with the rapid surge in the dollar yanking capital away from virtually everything else. Attempts to control markets in Asia -- a region haunted by memories of the 1997 financial crisis -- are so far yielding few convincing results.
Diese Geschichte stammt aus der September 29, 2022-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der September 29, 2022-Ausgabe von Business Standard.
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Diplomacy from the outside in
This is a compelling and lucidly written memoir of a distinguished academic who established himself as a diplomat and special envoy, turfusually reserved for career diplomats. SD Muni was appointed by Prime Minister Inder Kumar Gujral as India's ambassador to Laos in 1997.
The disappearing audience
\"We need more readers, not more writers,\" says Manjari Prabhu. The desi Agatha Christie, as she is known, was speaking at a book launch in Pune earlier this year.
US protests: Why are faculty voices muted?
The silence of faculty underscores a shift where the pursuit of academic values takes a back seat to preserving financial interests
Jordan foils arms plot as kingdom caught in Iran-Israel shadow war
Jordan has foiled a suspected Iranianled plot to smuggle weapons into the US-allied kingdom to help opponents of the ruling monarchy carry out acts of sabotage, according to Jordanian sources with knowledge of the matter.
US inflation eases to 3.4% in relief for Fed
First decrease in six months
Google's Astra paints the future of AI assistants
Some features of Project Astra could come to Gemini, company's Al model
Bank regulator set to meet ARCs, may discuss borrowing, settlement process
The central bank will meet the companies on Friday
RBI urges gold loan NBFCs to follow norms amid biz surge
Gold finance firms' business grew from ₹34,678 cr in Mar '20 to ₹1.31 trn in Mar '23
Urbanjobless rate at 4-quarter high in Q4: PLFS
Urban unemployment rate increased to touch 6.7 per cent in Q4 (January-March) of FY24, up sequentially from 6.5 per cent in the preceding quarter, according to the Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Wednesday.
700 km corridors, 3,000 km road projects on cards
Scheme for cashless treatment for accident victims also in works