(Bloomberg) — Asian stocks extended their losses as a surge in oil prices linked to the Middle East conflict fueled inflation concerns, sending bonds lower and prompting traders to scale back bets on interest-rate cuts. Gold gained on haven demand. Read More
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Yuan Rallies Most in 10 Months as PBOC Strengthens Fix Into NPC
The PBOC’s decision to set a much stronger fix was a surprise, especially after it removed the reserve requirement of 20% on foreign-currency forward contracts on Friday, said Khoon Goh,…








