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Thailand wants to restrain surging baht

BANGKOK: Thailand’s central bank is fretting over how to cool the world-beating surge in the baht just as the US keeps a watchful eye out for signs of unfair currency policies.

Bank of Thailand officials intensified verbal intervention in the past week, with senior director Don Nakornthab saying on Wednesday the “worried” monetary authority is mulling how the baht can be restrained. He also flagged the possibility of an interest-rate cut

South Korea still reliant on high-tech goods from Japan

Hong Kong: South Korea’s trade spat with Japan highlights a problem that President Moon Jae-in and his predecessors have long sought to resolve: a large trade deficit that reflects a reliance on Japanese technology.

Draghi should replace Lagarde at the IMF

Christine Lagarde’s nomination as president of the European Central Bank (ECB) takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union.That doesn’t mean, however, that he should retire from front-line policymaking. A job swap with Lagarde, which would see Draghi become the managing director of the International Monetary Fund (IMF), would be a boon for the global economy.

The departing ECB president Draghi(pic) is certainly qualified.

India expects economy to rebound this year

NEW DELHI: India expects economic growth to rebound this year from a five-year low, as political stability aids a pickup in demand and investments.

May exports exceed forecast to reach RM84.15b, CPO picks up

KUALA LUMPUR: Malaysia's exports rose by 2.5% to RM84.15bil, the highest export value ever for the month of May, exceeding a Bloomberg survey of a 2.2% increase aided by an increase in crude palm oil (CPO) exports.