Showing 1 - 10 of 117
Central bank says current inflation goal 'appropriate'
Bloomberg News, Published on 30/05/2024
» The Bank of Thailand (BoT) defended its goal to keep inflation within a band of 1% to 3% as "appropriate" for the prevailing economic conditions, after the government sought a review over concerns the current target may be too low.
Bitcoin ETF discounts reach records after late-day selloff
Bloomberg News, Published on 02/05/2024
» NEW YORK - Prices of some of the biggest spot-Bitcoin exchange-traded funds closed Tuesday at their largest discounts to the value of their underlying assets since they were launched.
Chinese billionaire’s carmaker adds satellites in Musk territory
Bloomberg News, Published on 03/02/2024
» HONG KONG - A Chinese rocket launched a group of communications satellites produced by one of the country's largest carmakers, boosting the nation's efforts to catch up in low-Earth orbit — an area dominated by Elon Musk's SpaceX.
North Korea fires cruise missiles to ratchet up pressure
Bloomberg News, Published on 24/01/2024
» SEOUL - North Korea fired multiple cruise missiles into waters off its west coast, stepping up tensions after leader Kim Jong Un said he plans to boost the country's nuclear-strike capabilities.
Dry soil to curb Asia's early 2024 rice output, pressure supply
Bloomberg News, Published on 01/12/2023
» SINGAPORE - Asian off-season rice production is poised to take a hit as dry planting conditions, shrinking reservoirs and forecasts for continued El Niño weather are set to reduce early 2024 yields, further tightening supplies and spurring food inflation.
Asia factories cope with high costs amid war
Bloomberg News, Published on 01/11/2023
» JAKARTA - Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure.
Central banks buying more gold than previously thought
Bloomberg News, Published on 31/10/2023
» NEW YORK - Central banks have loaded up on more gold than previously thought this year, offering crucial support to prices that have faced pressure from global monetary tightening.
Higher sugar prices pose new threat to food inflation
Bloomberg News, Published on 30/03/2023
» Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation.
Baht set for relief as current-account swings to surplus
Bloomberg News, Published on 02/11/2022
» A better-than-expected rebound in foreign tourist arrivals, lower oil prices and sliding shipping costs are brightening the outlook for Thailand’s current account, potentially offering a reprieve for the country's currency trading near a 16-year low.
Surprise tightening in Asia ups pressure on Dovish central banks
Bloomberg News, Published on 16/07/2022
» Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists.