Markets
What to expect when Biden meets Xi Jinping in San Francisco
U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president.
Moody’s turns negative on US credit rating, draws Washington ire
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.
Malaysia’s price controls keep rice production low, exacerbating shortages
In September, amid a shortage of white rice in Malaysia, rice mill operator and wholesaler Allen Lim started receiving calls from supermarkets asking for additional supplies. But he had to turn them down.
Sharp fall in imports narrows balance of trade gap in Sept
The Philippines’ balance of trade in goods showed a narrower deficit of USD3.51 billion in September, with the country importing less during the month...
T-bill rates push higher at auction
Treasury bill yields continued to climb at the auction Monday despite bid rejections, with the market still adjusting to the recent central bank rate...
