MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Friday that during a planned visit to Washington next month he would propose to his U.S. counterpart Joe Biden that they craft a joint anti-inflationary plan to tackle surging prices. Mexico's leftist president did not set out details of what such a plan could entail, but he pointed to three … [Read more...] about Mexican president to pitch anti-inflation plan to Biden
Why central bank raises interest rates
Vietnam and UK pledge to boost trade ties
LONDON (Vietnam News/Asia News Network): Vietnam is willing to create all favourable conditions for UK investors to operate in the South-East Asian country, National Assembly (NA) Chairman Vương Đình Huệ told UK Secretary of State for International Trade Anne-Marie Trevelyan during their meeting on Wednesday (UK time). Huệ is on an official visit to the UK from June 28-30 at … [Read more...] about Vietnam and UK pledge to boost trade ties
1st LD-Writethru: China to step up financing support for major projects
BEIJING, June 30 (Xinhua) -- China will increase financing support for its major projects through policy-based and developmental financial instruments, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday. Offering such support, the country aims to boost effective investment, employment and consumption, according to the meeting. The meeting … [Read more...] about 1st LD-Writethru: China to step up financing support for major projects
PSEi dives as inflation concerns welcome Bongbong Marcos
The benchmark Philippine Stock Exchange Index (PSEi) surrendered most of the gains over the past four sessions on Thursday after Finance Secretary Benjamin Diokno warned inflation could reach up to 6.5 percent in June. The PSEi fell 2.34 percent, or 147.76 points, to 6,155.43 while the broader All Shares index sank 1.56 percent, or 52.89 points, to 3,336.23. Price increases … [Read more...] about PSEi dives as inflation concerns welcome Bongbong Marcos
A brave new world with no masks, smoke
Geneva, Switzerland—For those of us traveling for the first time after two years of COVID-19 lockdowns, it was comforting to find that our airline still required and enforced the wearing of face masks throughout the 15-hour flight from Manila. But elsewhere in Switzerland, in crowded restaurants and malls at the city center here, the cheese factory in the medieval town of … [Read more...] about A brave new world with no masks, smoke