The fund's deputy managing director Kenji Okamura said the Covid pandemic, war in Ukraine and tougher global financial conditions would make this year "challenging" for Asia

The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar

The gain was much stronger than a 0.8% year-on-year rise in March, as the impact of mobile phone fee cuts fades

The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback

Prudential investment unit PGIM said crypto is an unreliable portfolio diversifier and an inadequate safe-haven asset or inflation hedge

Shoring up the prospects of a private demand-led recovery, however, was a gauge of capital expenditure that posted its first monthly gain in three months

China's imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation, says the Peterson Institute for International Economics. 

The group said the Zijin Mining project is one of the many highly polluting Chinese investments undertaken "without necessary environmental and social due diligence"

The US Indo-Pacific Economic Framework has four pillars: supply-chain stability, digital economy, the fight against climate change and one related to labour, tax and anti-corruption measures

Relying only on domestic or Canadian sources, the Department of Defense said, "unnecessarily constrains" the DPA programme's ability to "ensure a robust industrial base."

The company currently faces many challenges, including lower demand for steel in China, market volatility triggered by war in Ukraine and a weak yen

Nomura Holdings says Beijing stepped up imports of key energies, raw materials and grains.