Markets fell further Tuesday as investors grew increasingly fearful about another possible US interest rate hike and the prospect they will be kept elevated for some time to combat persistent inflation.
Asian and European markets rallied on Monday, building on the momentum of gains in the United States and elsewhere at the end of last week, as investors price in the expectation of further interest rate hikes aimed at taming inflation.
Asia's resilient economies are on a strong growth track, but must build up demand from their newly affluent consumers to offset shrinking exports to the crisis-hit West, the IMF said Tuesday.
Thai Prime Minister Yingluck Shinawatra said Wednesday that Asia's emerging economies can help the troubled global economy, but warned against allowing conflict in the seas around China from derailing development.
Asian markets mostly dropped Thursday following a broadly negative lead from Wall Street after the head of the Federal Reserve warned of an "uncertain" outlook for the US economy and stressed the need for fresh stimulus.
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets.
Asian stock markets diverged on Thursday, with Tokyo and Seoul tracking gains made the previous day on Wall Street even as a selloff of Chinese equities intensified.
Asian investors struggled to match their Wall Street counterparts Wednesday, with markets drifting as spiking infection rates, new containment measures and still no US stimulus fuel concerns about economic recovery.
Asia-Pacific leaders called Saturday for unity in tackling a raft of economic challenges, as an annual summit began amid deep divisions over worsening territorial disputes and other rows.
As wars rage worldwide, with civilian casualties a daily occurrence, critics of the United Nations say the body is failing at its most basic job, while experts warn the organization is being scapegoated for things that are beyond its control.
During their only meeting, Barack Obama warned Donald Trump that North Korea would be the most pressing problem, setting the new president on a whiplash policy course that went from threatening war to wooing young leader Kim Jong Un.
Australian police on Thursday made a series of arrests in pre-dawn counter-terrorism raids across Sydney and Brisbane, with those detained reportedly suspected of links to the jihadist group Islamic State.
The US Army has decided to keep its elite Ranger School open to women, a high profile step in the Pentagon's efforts to remove barriers to women serving in combat.
The US Army is on track to break last year's all-time record for suicides, a pace that would top the civilian suicide rate for the first time since the Vietnam war, army officials said Thursday.
Lebanese army supporters protested outside and then stormed the Beirut offices of Qatar-owned satellite channel Al-Jazeera Sunday, after a journalist published tweets ridiculing the military, the National News Agency said.
Syrian armed forces launched a massive operation on Friday to secure a strategic military airport near Damascus ahead of possible US-led military strikes, a monitoring group said.
