South Korean tourists unable to enjoy an overseas summer getaway this year could help plug a hole in domestic spending by dropping some of their holiday cash inside the country.
Trump’s top Iran envoy quits as US bids to extend Tehran embargo
The Trump administration’s lead diplomat on Iran, Brian Hook, has announced his resignation days before the US attempts a high-stakes gambit against Tehran at the United Nations. He will be replaced …
Can China Win the Financial Cold War?
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, …
Turkey Redraws Currency Defenses With Lira Hitting a Record Low
Turkey’s banking regulator published a decision … The hope is that they can begin to finance their investments in the country and hedge their exposure without the risk of facing sudden …
Philippine Bonds Lose Allure as Real Rates Turn Red
(Bloomberg) — Philippine government bonds, Asia’s best-performing local-currency debt this year, are losing their appeal as real interest rates turn negative.The nation’s annual inflation rate …
Japan’s Bonds Hold Above 0% Even As More Debt Goes Negative
Japan’s benchmark bond yield is likely to hold above 0%, even if the Treasuries equivalent continues to decline, according to market participants.The perception that the Bank of Japan is unlikely to …
Japan’s new top financial regulator cautious of deregulating cryptocurrencies
Japan’s new top financial regulator Ryozo Himino voiced caution over taking fresh steps to promote cryptocurrency trading, arguing that doing so may not necessarily promote technical innovation. “Dere …
Japan Push to Cut China Reliance May Be Boost for Southeast Asia
Japan’s quiet push to protect its supply chains in the era of Covid-19 may prove a boon for Southeast Asian nations looking to gain from the growing backlash against China.
Banks Empowered to Revamp India Loans With Bad Debt Surging
India’s banking regulator gave lenders power to restructure certain loans, as authorities look to support an economy hit by the pandemic while ensuring the stability of a financial sector where …
India Should Focus on Protecting Economy, Says Ex-RBI Governor
India’s policymakers should focus on protecting the economy as businesses struggle amid the coronavirus pandemic instead of being overly focused on what ratings agencies think, former Reserve Bank of …