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Asian markets mixed as traders weigh Li remarks, Fed minutes
HONG KONG (AFP): Asian markets were mixed Thursday (May 26) as minutes indicating a less hawkish Fed were offset by China's premier warning that the world's number two economy was in some ways worse off now than during the early days of the pandemic.
New Zealand PM says Pacific can handle own security as China pushes deal
WELLINGTON (AFP): The South Pacific can handle its own security needs, New Zealand Prime Minister Jacinda Ardern (pic) said Thursday (May 26) as details emerged of China's plans to significantly deepen ties with 10 island nations.
Malaysia's economy growing strongly, room to raise rates: finance minister
DAVOS (Bloomberg): Malaysia’s economy is growing strongly thanks to the rise in commodity prices and central bankers "still have room” to tighten monetary policy to tackle accelerating inflation if needed, according to Finance Minister Zafrul Aziz.
Oil edges higher on tight supply, rising US refining activity
New York: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.
Asean News Headlines as at 10pm on Wednesday (May 25)
News highlights from Asean countries in the Star-AseanPlus section for Wednesday (May 25)
Oil prices edge higher on tight supply, firmer demand expectations
SINGAPORE: Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer.
Beijing punishes officials over Covid-19 as Tianjin curbs tighten
BEIJING (Bloomberg): Beijing punished a dozen officials over two Covid-19 clusters as China’s capital continued to report new infections in its now monthlong outbreak, while the nearby port city of Tianjin locked down a central district amid a simmering flareup.
Vietnam aviation industry needs more financial help to recover
HANOI (Vietnam News/Asia News Network): Vietnam needs policies to support and remove difficulties for domestic airlines to regain their growth momentum in the post-Covid recovery period, transport experts said on Tuesday (May 24).
