By Jack Kim and Cynthia Kim SEOUL, March 26 (Reuters) – South Korea on Thursday said it will carry out a 5 trillion won ($3.32 billion) emergency bond buyback and expand fuel tax cuts starting Friday …
Iran war could push inflation higher this year, Goldman Sachs says
Goldman Sachs economists see inflation moving higher this year than in their previous forecast amid the oil price shock caused by the Iran war’s impact on global oil supplies.
Greetings from Turkey’s border with Iran, where Iranians let loose on the dance floor
Iranians escaping hardship and war are shaking it off to Persian, Arabic and Turkish tunes in this disco in eastern Turkey.
Bank of Japan may raise rates by June as Iran war fuels inflation, its ex-top economist says
By Leika Kihara and Takahiko Wada TOKYO, March 26 (Reuters) – The Bank of Japan is likely to raise interest rates by June, as rising oil costs from the Iran war heightens the chance of being too late …
After Wooing Trump With Deals, Pakistan Gets a Seat at the Table
Steve Witkoff, a diplomatic envoy, used the Board of Peace to announce an agreement that could raze a Pakistan-owned Manhattan hotel. Now the country is involved in negotiating peace talks with Iran.
Hello? It’s Pakistan Calling.
Washington, Tehran, Riyadh, Abu Dhabi, Cairo, Istanbul and Brussels have all received calls as Pakistan plays mediator between the United States and Iran.
Pakistan Could Be a U.S.-Iran Peace Broker
It’s a rare country that has warm ties with both the United States and Iran and is engaged with the highest levels of both governments. Meanwhile, Sharif and Munir have met with Trump as well, …
Philippines declares national emergency as Asia risks energy crisis amid Iran war
The Philippines has declared a national energy emergency in response to the U.S.-Israeli war with Iran, marking the latest sign of strain in Asia as the Middle East conflict stifles oil delivery and …
Asia embraces energy austerity as dire fuel shortages force Philippines to declare national emergency
As the war with Iran drags on, energy-starved nations in Asia –– including close US allies –– are resorting to increasingly extreme measures to keep their economies afloat.
South Korea to carry out bond buyback, raise fuel price cap to cushion blow from Iran conflict
South Korea on Thursday said it will carry out a 5 trillion won ($3.32 billion) emergency bond buyback and expand fuel tax cuts starting Friday to protect the economy from a global market rout …