By Colleen Howe
BEIJING (Reuters) - Oil prices rose in early Asian trading on Monday, adding to last week's gains as rescuers searched for Iran's president after a helicopter crash in the oil-producing nation and after the U.S. bought crude to help refill the national stockpile.
Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents, or 0.2% to $80.21 a barrel.
... (continue reading...)By Anant Chandak
BENGALURU (Reuters) - Indonesia's central bank will keep its key interest rate on hold through next quarter to support a weak rupiah and only a slim majority expect a Q4 cut which would be after the likely start of policy easing in the United States, a Reuters poll found.
Bank Indonesia (BI) unexpectedly raised its seven-day reverse repurchase rate to 6.25% last month - the highest since it made the instrument its main... (continue reading...)
SHANGHAI/SINGAPORE (Reuters) - China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.
WHY IT'S IMPORTANT
The steady monthly LPR fixings come after China announced "historic" steps last week to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan in extra funding and easing mortgage rules, in an attempt to revive housing demand.
The... (continue reading...)
By Ankur Banerjee
SINGAPORE (Reuters) - The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.
The Japanese yen started the week on the back foot, weakening a bit to 155.80 per dollar as traders remain on tenterhooks for signs of government intervention. The currency has... (continue reading...)
TAIPEI (Reuters) - Lai Ching-te was sworn in as Taiwan's new president on Monday, in footage shown live on television from the presidential office.
Lai, who won election in January, takes over from Tsai Ing-wen, having served as her vice president for the past four years.
(Reporting by Yimou Lee and Ben Blanchard; Editing by Kim Coghill)
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