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Rapid interest rate cuts from the Federal Reserve could make matters worse for the global "carry trade" unwind, according to economists at TS Lombard.
Kenya's central bank cut its benchmark lending rate by 25 basis points to 12.75% on Tuesday, saying there was scope for a gradual easing of its policy stance while ensuring continued exchange rate stability.
U.S. crude oil rose above $73 a barrel on Tuesday as the market braces for an attack by Iran against Israel and Wall Street rallies after the sell-off in the previous session.
Malaysia has set up a chip-design hub in Selangor state to boost its semiconductor industry and attract foreign investments.
Sustained market declines in the wake of the recent global sell-off could become a "self-fulfilling prophecy" that eventually leads to a recession, Morningstar DBRS analysts warned.
KUALA LUMPUR - Malaysia formally opened its first semiconductor integrated chip (IC) design hub on Tuesday, the latest step in its attempt to move up the sector's value chain.
Investors reclaimed a measure of calm on Tuesday, after a day of frenzied selling around the world over concerns about a potential U.S. recession.
Australian universities have warned of mass job losses if the government moves too quickly to impose caps on international student numbers, with one industry body calling the proposed policy an unprecedented “ministerial overreach.”