News in Brief
IMF to continue inflation fight
AFP – Central banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund said.
Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.
But their fight has been complicated by the recent collapse of Silicon Valley Bank after taking on too much interest-rate risk, setting off a period of turbulence in the banking sector on both sides of the Atlantic.
Asia markets rise
CNBC – Stocks in Asia traded higher on Friday in a muted session as most markets are closed for a holiday in the wider Asia-Pacific region.
The Nikkei in Japan traded up 0.17% to close at 27,518 and the Topix gained 0.21% to close at 1,965.44. In South Korea, the Kospi gained 1.27% to 2,490.41 and the Kosdaq rose 1.67% to end the session at 880.07.
In mainland China, the Shanghai Composite was 0.45% higher to 3,327.65 and the Shenzhen Component rose 0.86% to 11,967.74.
Tashkent to host aviation conference
ATOCOMM.EU – The conference of ‘ASIA CONNECT: Aviation Strategy’ with a focus on navigating the rise of Central Asia airports and airlines will be held on June 13, in Tashkent, Uzbekistan.
Connecting Europe and Asia, airline digital strategies, today challenges and future of air travel ecosystem, airport strategies, airline fleet strategies, and air cargo strategies will be among key topics of the event.