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UK and Australia sign Aukus treaty to build nuclear submarines as Lammy
downplays US doubts
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Deal covers the design, build and operation of SSN-Aukus nuclear submarines
but comes under shadow of US review of security pact
Australia and the UK hav...
45 minutes ago
Inflows to Asia have moderated as concerns over the global economy have grown this year, the ADB said.
ReplyDeleteThere were two main concerns about a surge in short-term flows. First, cash flowing in can complicate efforts to cool economies, and can weaken the effectiveness of monetary policy. Second, inflows can be followed by a destabilising reversal of cash.
"Regional policy makers may therefore find it appropriate to use well-targeted measures to improve their financial supervision and regulatory rules, as the recent short-term flows are dominated by those coming through the banking channels," the ADB said.
(Reporting by John Mair; Editing by Richard Borsuk)