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WELLINGTON (Reuters) - For many, life in New Zealand's capital Wellington is largely back to normal. Its windswept streets are crowded with maskless shoppers and office workers, bars are packed and the economy is humming along.
WELLINGTON: New Zealand’s central bank held its official cash rate (OCR) at 0.25% in a widely expected move yesterday, saying it needs to observe the economic impact of new housing market measures and the return of some international tourists.
Emerging markets: Philippine stocks weighed down by virus surge but Singapore stocks on track to snap 5-day losing streak
Philippine shares fell more than 1% on Tuesday as concerns over rising Covid-19 cases sapped risk appetite while most emerging Asian currencies were muted.
WHICH part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve.
MUMBAI: The Reserve Bank of India’s (RBI) pledge to buy as much as 1 trillion rupees (US$13.4bil or RM55.45bil) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
BENGALURU: Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed.
BENGALURU: Indian shares inched higher on Wednesday, ahead of a central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth.