Letters to Nvidia and AMD last month telling them to stop shipment of chips used for language processing and nuclear weapons research are likely precursors to new rules, official says

Wall Street has suffered the longest losing streak for the S&P and Nasdaq Composite since the Global Financial Crisis in 2007-09

US President says world security depends on Pacific security, offers $810m in aid at Washington summit, as island leaders vow to strengthen partnership

Asian markets had a mixed day on Friday with most markets down, bar India. Overall, equity investors experienced their worst month since the onset of the Covid-19 pandemic

South Korean President met with economic officials on Friday, when the won traded 0.6% higher, amid talk of modest intervention in the forex market. The won hit a 13-year low recently.

A healthy pipeline of deals could make Southeast Asia a rare bright spot for global funds as they grapple with rising finance costs and slumping markets.

Mergers and acquisitions involving firms in China have sunk by a third this year, in line with a global decline, but private equity groups are now eyeing possible deals in India and SE Asia

China's central bank published a statement on its website on Thursday allowing local governments to cut mortgage rates for first-time home buyers in some cities.

Mashreq Bank in Dubai declined a request to take payments from at least Indian two refiners in Emirati dirhams, forcing the buyers to pay for crude in US dollars, sources say

The Australian government has consistently rejected the charges against Professor Turnell, Foreign Minister Penny Wong said on Thursday

Five state-owned banks took part in a CBDC trial focused on cross-border transactions, the Bank for International Settlements (BIS) said.

The world's largest automaker produced 766,683 vehicles worldwide last month, above its target of around 700,000 and above year-ago output of 531,448.