Tokyo and China shares lead Asian markets higher on Friday amid hopes the US Federal Reserve will pause rates after its long hiking spree

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted

The world's No1 and No3 crude importers bought about 110 million barrels of Russian crude in May, up nearly 10% from the previous month

Ties between Russia and China have reached an "unprecedented high", Russian Prime Minister Mikhail Mishustin said during his trip to Beijing on Wednesday

The show of solidarity from China's Central Asian neighbours contrasts sharply with the "negative" image of Beijing presented at the G7 gathering in Hiroshima

Global temperatures are likely to be 1.5°C above pre-industrial levels at least once over the next five years, the WMO says, and an El Niño weather pattern looks likely to occur late this year

Hanoi’s plan could help unlock billions of dollars in foreign investment but one G7 diplomat was concerned at a continuing high reliance on coal

Western sanctions against Russia over its invasion of Ukraine have given a boost to China's efforts to internationalise its currency, with a dramatic increase in its use in commodity and energy trade with Russia

Indian government officials have revealed New Delhi is trying to win more support for alternative routes to a net zero future, which could even include using coal

The Reserve Bank of Australia, which has drawn criticism in recent weeks, stunned markets on Tuesday by hiking its cash rate by a further 25 basis points

Exports to China tumbled 26% for their 11th consecutive month of declines, while those to the US fell 4.4% but shipments to the European Union rose 9.9%

Recent data shows that China is supplying computer chips, micro-circuits and similar items estimated at around $500 million a month, as well as huge purchases of Russian oil and gas