Bloomberg The Philippines has protested China’s move to aim a military-grade laser at a Philippine ship in the South China Sea which the US said was “provocative and unsafe” and threatens peace and stability in the region. The diplomatic protest, filed with the Chinese Embassy in Manila on Tuesday, “condemned the shadowing, harassment, dangerous maneuvers, directing of military-grade laser, …

  Bloomberg Japanese Prime Minister Fumio Kishida nominated a Bank of Japan (BOJ) policy veteran and a former chief financial regulator as central bank deputies to support his pick of university professor Kazuo Ueda for the top job. The selection of Shinichi Uchida, the central bank’s executive director and Ryozo Himino, also a former finance ministry official known for his …

  Bloomberg The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said. “We are still far from achieving price stability, and I expect that it will be necessary to further tighten monetary policy to bring inflation down towards our goal,” …