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Asian markets mixed ahead of US inflation data, Fed decision
Asian markets mixed ahead of US inflation data, Fed decision
Economy
by  AFP

Asian markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation. Investors will also be keeping an eye on decisions by the European Central Bank and Bank of England this week.

UK Covid-19 inquiry to grill PM Sunak over Eat Out scheme
UK Covid-19 inquiry to grill PM Sunak over Eat Out scheme
Economy
by  AFP

British Prime Minister Rishi Sunak faces questions Monday over whether his "Eat Out to Help Out" scheme to help the struggling hospitality sector during the pandemic spurred the spread of Covid-19. The hospitality sector had been badly hit by lockdown policies which forced them to close.

TikTok announces $1.5 bn deal to restart Indonesia online shop
TikTok announces $1.5 bn deal to restart Indonesia online shop
Technology
by  AFP

TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia. It was now set to resume that business in Indonesia -- one of TikTok's largest e-commerce markets -- under a deal with GoTo, which owns the popular local online shopping platform Tokopedia.

Falling inflation shifts focus to when ECB could cut rates
Falling inflation shifts focus to when ECB could cut rates
Economy
by  AFP

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week. But all eyes will be on whether the ECB gives any indications of when borrowing costs -- the key deposit rate is currently sitting at a record high -- will start to be reduced.