By Stella Qiu and Wayne Cole
SYDNEY (Reuters) - Australia's government is expected to boast another surplus in its annual budget due on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living relief and industry incentives.
Ahead of his third budget since the centre-left Labor government won power in 2022, Treasurer Jim Chalmers predicted inflation could ease to the central bank's... (continue reading...)
MANILA (Reuters) - The Philippine Coast Guard (PCG) is committed to sustain a presence in a disputed area of the South China Sea to ensure China does not carrying our reclamation activities at the Sabina Shoal, its spokesperson said on Monday.
The PCG said on Saturday it has deployed ships to Sabina Shoal, where it accused China of building an artificial island, amid an escalating maritime row.
(Reporting by Karen Lema; Editing by Martin Petty)
(Reuters) - Georgia's police have begun pushing away demonstrators who staged an all-night rally at parliament in Tbilisi ahead of a lawmakers' debate of a "foreign agents" bill that has sparked a political crisis, Russia's TASS news agency reported on Monday.
Georgian Prime Minister Irakli Kobakhidze vowed on Sunday to push ahead with the law, after opponents of the bill rallied in one of the largest protests seen since independence from the Soviet... (continue reading...)
(Reuters) - ANZ Group Holdings said on Monday Australia's corporate regulator is investigating the lender for suspected violation of laws in executing the issuance of 10-year treasury bonds by the Australian Office of Financial Management (AOFM) in 2023.
ANZ was appointed by the AOFM, which manages the Australian government's debt portfolio, to act as a risk manager in relation to the issuance of the treasury bonds.
Earlier in the day,... (continue reading...)
SEOUL (Reuters) - South Korea's financial watchdog said on Monday it was expanding and toughening the assessment of real estate projects in a bid to speed up restructuring of the sector.
House prices in South Korea have been falling since June, 2023, as high interest rates weighed on demand, and worries about debt repayments at construction firms have grown after a mid-sized builder's decision in December to reschedule its debt.
... (continue reading...)More Reuters
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