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The Indonesian 10-year bond yield dropped 1.6 basis points to 6.180%, while the Philippine peso is on course for its best week in 11 years. Singapore almost avoids going into recession in Q2 Through Nausheen Thusoo 14 July (Reuters) The Thai baht continued to decline on Friday as the country's political unrest coincided with rising Asian stock markets and growing expectations that the Federal Reserve's tightening cycle would soon come to an end. Pita Limjaroenrat refused on Thursday to abandon his campaign to become prime minister after losing a parliamentary vote by a margin of 51 votes, which caused the baht to decline by 0.2%. According to Kasem Prunratanamala, head of Thailand research at CGS-CIMB, "the (Thai) market will trade sideways up rather than sideways down, as the chance that...

According to officials with knowledge of the situation, India and Brazil are resisting Chinese efforts to quickly extend the BRICS group of developing economies in order to strengthen their political power and balance the US. In preparation for a conference in Johannesburg next month, when Brazil, Russia, India, China, and South Africa would perhaps explore extending the group to include Indonesia and Saudi Arabia, the nations have voiced opposition. The officials, who wanted not to be named because the conversations were confidential, said that China advocated for expansion on many occasions during those sessions.

A day after an attempted mutiny by the Wagner gang of highly armed mercenaries, the Chinese foreign ministry said on Sunday that China supports Russia in preserving national stability. Following the most significant threat to President Vladimir Putin's authority since Russia invaded Ukraine in February 2022, Andrei Rudenko, the deputy foreign minister of Russia, had discussions on "international" problems on Sunday in Beijing. ALSO READ | The Wagner Group, a Russian militia, rebels against President Putin According to the Russian foreign ministry, "the Chinese side confirmed its interest in strengthening the cohesion and further prosperity of Russia and expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation in the country in conne...

On Sunday, Secretary of State Antony Blinken endorsed President Biden's comments characterizing Chinese President Xi Jinping as a tyrant, asserting that the president "speaks for all of us." It is obvious that we will act and talk in ways that China does not like when it comes to China. On CNN's "State of the Union," Blinken responded when asked whether it was inappropriate for the president to call Xi a tyrant in reference to the Chinese spy balloon that traversed the country before being shot down in February. "They are going to do and say things that we don't like," Blinken replied. "There's no secret about the concerns we have about democracy, about human rights, and about some of the actions that China is taking around the world, and being able to have better stronger sustained...

On Sunday, Sri Lanka's Foreign Minister Ali Sabry met with his Chinese counterpart Qin Gang in this city to discuss the bilateral relationship's future course as well as the severe economic crisis that has caused his nation to default on its foreign debt. After Sri Lanka's debt issue caused severe political and economic unrest on the island country last year, Sabry is making his first trip to China. Qin was mentioned in an official account of the two leaders' meeting as advocating for the cooperative development of excellent Belt and Road projects. According to the readout, Qin said that China will continue to do all it could to support Sri Lanka's economic and social growth as well as the enhancement of the standard of living for its people. The majority of loans to Sri Lanka come fro...