SYDNEY (June 6): Australia's central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation returns to target.

Australia central bank raises rates to 11-yr high, warns more hikes likely

BANGKOK (June 6): Thailand's exports are likely to be flat or rise up to 1% this year, as global demand has slowed but a weak baht is providing support, the Thai shippers' council said on Tuesday.

Thai exports seen rising up to 1% this year, say shippers

BANGKOK (June 6): Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday.

Thai May headline inflation lowest in 21 months

A Chinese battery start-up claims to have overcome one of the key sticking points for electric car owners — the loss of power capability and range in cold climates.

Greater Bay Technology says its new Phoenix cell is made with superconducting materials and contains thermal management technology that can heat the battery back from -4F to 77F in five minutes. That allows the lithium ion battery to operate as normal and charge within six minutes in all weather conditions, according to Huang Xiangdong, Greater Bay’s co-founder and chairman.

Chinese unicorn claims breakthrough with all-weather EV battery

Taiwanese chipmaker TSMC is feeling "good" about talks over a possible first European factory in Germany and is discussing subsidies with the host country's government, the company's chairman said on Tuesday (June 6).

TSMC feeling 'good' about possible German plant, in talks on subsidies

(June 6): JPMorgan Chase & Co chief executive officer Jamie Dimon will meet privately with a group of moderate House Democrats on Tuesday, with banking and the US economy on the agenda, according to people familiar with the plans.

Dimon to discuss banking, economy with House Democrats on Tuesday

China will likely further cut banks' reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday (June 6), citing policy advisors and economists.

China may cut rates further in 2H, government researcher says

(June 6): Chinese biodiesel producers pledged to improve compliance and export standards, days after European rivals called for action to stem “potentially fraudulent” shipments.

China biodiesel exporters pledge fraud crackdown after criticism

Hollywood's actors union voted to authorise a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers.

Hollywood actors authorise strike as writers still out

LONDON/BRUSSELS (June 6): The US$2 billion market for carbon offsets is heading for a massive reset, as a growing number of sovereign governments announce their intention to tax, regulate or restrict trade in credits generated within their borders.

Global carbon markets face upheaval as nations remake the rules

MANILA (June 6): Philippine annual inflation slowed for a fourth consecutive month in May, government data showed on Tuesday, to the lowest level in 12 months as food prices continued to ease, giving the central bank room to keep benchmark interest rates steady.

Philippine inflation eases for fourth straight month in May

Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local government finances.

Chinese universities raise tuition fees by as much as 54%

Singapore will host its last horse race next year as the government reclaims land for urban development, bringing an end to a sports club that traces its history back to 1842. 

The last race meeting at the Singapore Turf Club will take place in October 2024, and the facility will close by March 2027, the Ministry of Finance and the Ministry of National Development said in a joint statement on Monday (June 5). About 120 hectares of land will be redeveloped to meet the country’s future needs for housing, and potentially include venues for leisure and recreation.

Singapore to halt horse racing in favour of urban development

SYDNEY (June 6): Australia's current account surplus widened in the March quarter, helped by strong exports of resources and travel services, with net exports proving to be a much smaller drag on growth than first thought.

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