The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose.
China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on Saturday.
Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain the conflict between Israel and the Palestinian Islamist group Hamas, although Gaza continued to be bombarded.
Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.
Japan's yen took the spotlight in Asia on Monday, weakening briefly to the 150-per-dollar level as investors betting on a further rise in dollar yields lost out to those expecting Japanese authorities will intervene in markets.
Malaysia’s external trade contracted for the seventh consecutive month since March 2023, dragged by slowing global demand and lower commodity prices in September 2023.