Asian shares surged, extending a rally in global equities that continues to defy concern over risks to economic growth and elevated interest rates. Oil trimmed an earlier jump.
Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the Bank of Japan isn’t likely to rush to adjust its ultra-easy monetary policy.
China is setting out how it will prevent bottlenecks as it prepares for another record year of renewable power installations.
China asked former British trade secretary Peter Mandelson to urge foreign business to return or expand to the world’s second largest economy, as it battles a disappointing post-pandemic recovery.
Turkish investors are betting that the return of former Wall Street banker Mehmet Simsek as economic czar will herald a shift to more conventional economic policies.
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