World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined with balance sheet changes could boost the bank's lending capacity by $100 billion to $125 billion over a decade.
Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.
Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
The dollar traded near a 10-month high against its major peers on Wednesday as Treasury yields stayed elevated on the prospect of higher-for-longer U.S. rates, while the yen stumbled towards a closely-watched intervention zone.
Thai exports unexpectedly rose for the first time in 11 months in August amid weak global demand, and the ministry said on Tuesday that shipments should be "good" in the final quarter of the year because of year-end orders.
The Monetary Authority of Singapore (MAS) reported on Monday that the country's core inflation rate for August fell to 3.4%, marking a slight decrease compared to the same period last year. The figure came in slightly lower than the anticipated 3.5% predicted by analysts in a Bloomberg survey, indicating a minor unexpected easing in the inflationary pressure.