Oil prices steadied in early Asian trade on Tuesday after falling on strong U.S. manufacturing data that raised worries about further interest rate hikes dampening demand, while analysts predicted another build in American crude inventories.
Bank of Japan (BOJ) Governor Haruhiko Kuroda on Saturday stressed anew the central bank's resolve to maintain ultra-loose monetary policy, even as inflation continued to exceed its 2% target.
China’s economy rebounded in February after the long holiday, although early indicators point to an uneven recovery with strong consumption following the scrapping of Covid rules but lagging industrial activity.
China’s upcoming National People’s Congress (NPC) is spurring a preference for onshore stocks over their Hong Kong peers as investors expect the former to benefit more from potential pro-growth measures from the political gathering.
The World Bank will "provide as much concessionality to the debt treatment" for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday.
U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight against inflation "is not a straight line" and more work is needed.
