Chinese banks have opted to keep their benchmark lending rates unchanged following the People's Bank of China's (PBOC) recent decision to hold a key loan rate steady.

Chinese banks maintain lending rates amid economic challenges

Australian Prime Minister Anthony Albanese has seen an increase in his personal approval ratings and improved support for his government after a high-spending budget aimed at alleviating cost-of-living pressures was released.

Australian PM Albanese gains popularity following big-spending budget: Survey

To counter China's increasing influence in the electric vehicle (EV) market, Japan and the Association of Southeast Asian Nations (ASEAN) are set to unveil their inaugural joint strategy for automobile production and sales within the region.

Japan, ASEAN to formulate joint automobile strategy to combat China's EV dominance

Oil prices have seen an increase as the energy market faces heightened uncertainty due to recent political events in Iran and Saudi Arabia. This surge comes after Iran's President Ebrahim Raisi was involved in a helicopter crash and the Saudi Crown Prince postponed his trip to Japan, citing health concerns regarding King Salman.

Oil prices surge amid political turmoil in Iran and Saudi Arabia

Pakistan’s Foreign Minister Ishaq Dar has once again highlighted that the trade relationship between Islamabad and New Delhi has remained suspended since 2019 after India raised its import duties on Pakistani goods.

Pak minister says no plan to restore trade with India, suspended since 2019

UK Prime Minister Rishi Sunak has achieved one of his five goals set at the start of 2023 by halving inflation. He may further celebrate progress this week as consumer price growth is anticipated to approach the 2 per cent target, marking its lowest level since July 2021.

Sunak's inflation victory faces voter doubts

The Federal Reserve together with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency are now reportedly considering a new strategy which will also reduce the steep increase in capital requirements for the largest banks in the country from the initially proposed nearly 20 per cent.

US regulators may cut bank capital hikes

China's commerce ministry on Sunday said that it had started an anti-dumping probe into the POM copolymers imported from the European Union, United States, Japan and Taiwan.

China launches anti-dumping probe on POM copolymers

Even though Dublin has surpassed London in securing foreign direct investment (FDI) projects for financial services in Europe in 2023, London maintains its leadership position with far more projects than any other European city – 81 projects in 2023 represent a 76 per cent increase from the year before.

London leads European financial investment despite Paris's rise

The most crucial South African election in decades is already changing the country's financial markets, with money pouring in amid speculation that the African National Congress (ANC) will win enough votes to avoid less market-friendly policies from left-leaning coalition partners.

South African Election sparks financial market rally. Here are the details

Chevron announced plans on Thursday to sell its remaining oil and gas assets in the UK North Sea, marking the end of its more than 55-year presence in the region.

Chevron to exit North Sea after over half a century. Here’s why

This week's data brought excellent news for the US Federal Reserve on two fronts, with consumer prices rising more slowly than expected in April and retail expenditure holding flat.

US Federal Reserve officials cautiously optimistic on inflation, rate cut uncertain

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Zee News Rajasthan

Editor

Shashwat Sankranti

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