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Global AI wave revs up Asian factories, offsetting war-induced pain

By Leika KiharaThe global AI boom powered Asia's manufacturing sector in June, with brisk demand for technology-related goods offsetting the drag from the Iran war, business surveys showed on Wednesday, offering some relief for the region's export-reliant economies.Price pressures, however, remaine…

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Economy
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Myanmar's Min Aung Hlaing to visit Laos in first ASEAN member state visit

Myanmar junta chief turned president Min Aung Hlaing will make an official visit to Laos in the next few days, state media reported on Wednesday, his first trip to an ASEAN member state since taking on his new civilian role.The planned trip comes four months after Min Aung Hlaing completed a carefu…

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Vietnam raises $3.4 million in government bond auction, lowest this year

Vietnam's State Treasury raised only 90 billion dong ($3.4 million) in its weekly government bond auction on Wednesday, the lowest so far this year and down from $167 million raised last week.The uptake was also lower, with less than 1% of the bonds on offer sold compared with 26% last week, accord…

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Bonds

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

Citi slashed its 12-month forecasts for both bitcoin and ether, citing a sharp deterioration in ETF flows and fading prospects for a near-term legislative catalyst in the United States.The brokerage, in a note dated Tuesday, cut its bitcoin (=BTC) target to $82,000 from $112,000 and lowered its eth…

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Crypto