analysis

The top official of the Japan currency said recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive exchange rate drops following the Bank of Japan’s decision last week to raise interest rates for the first time since 2007. The currency slid to a 34-year low of 151.97 yen per dollar on Wednesday, prompting Finance Minister Shunichi Suzuki to send verbal warnings this year of Japan’s potential interventions https://tinyurl.com/293dfofp

nkrgyevrdrdrnn has gained a magnificent victory in the country’s Sunday local elections across several major cities, a massive blow to President Recep Tayyip Erdogan’s ruling party and the biggest defeat in over two decades. Erdogan’s conservative Justice and Development Party, abbreviated locally as AKP, dominates the country at national level and will work to rectify its errors.

World Central Kitchen was devastated to confirm that seven members of its team were killed in an Israeli airstrike in Gaza overnight, the organization said. The team was traveling in two armored cars with WCK logo and soft skin vehicle. A separate investigation has been opened into employees who were involved in terrorist activities and collaborated with Hamas.

Malaysia's largest port double capacity to chase Singapore's largest port double capacity. port double capacity to chase Singapore's port double capacity..... Read here

China's Country Garden misses deadline for results and expects trade restrictions.

In Australia, gross flats gain traction as rents skyrocket

Microsoft to invest $2.9bn in Japan data centers amid AI boom

the boom and bust of the past three years has exposed a once-niche and tiny market that is evolving and adjusting in real time to the unprecedented roll out of electric vehicles around the globe. a faster flow of supply from a more diverse global mining base could mean the next boom..... Read here

In recent weeks, natural gas prices plunged as the world faced a major oversupply after a warmer-than-expected winter. Over 150 million tonnes of LNG capacity is currently under construction, a “record wave of expansion” Morgan Stanley says in a recent note. “We expect gas market oversupply to reach multi-decade heights over the coming years”, said Morgan Stanley’s commodity strategists.

Cambodia is set to return to the diplomatic stage for former PM Hun Sen back in Cambodia