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Thailand tourism boom underpins outperforming baht

Bloomberg Thailand’s baht rebounded so rapidly in the past few weeks on optimism about the country’s tourism-led growth that it’s already hit year-end analyst targets. The currency jumped 2.3% to about 35.45 per dollar this month, leading gains in Asia by a wide margin. In addition to rising forecasts for tourists arrivals, the advance is also being driven by a ...

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China holds fresh patrols around Taiwan to protest senator’s visit

Bloomberg China’s military said it held fresh patrols around Taiwan to “fight back” against another US congressional visit less than two weeks after House Speaker Nancy Pelosi traveled to Taipei. The patrols and exercises conducted in the “sea and air space around Taiwan” on Monday provided a “resolute response and stern deterrence to US-Taiwan collusion,” Chinese Defense Ministry spokesman Senior ...

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Putin vows to expand partnership with North Korea’s Kim Jong-un

Bloomberg Russian President Vladimir Putin offered to expand relations with North Korea, reaching out to his neighbor as the Kremlin scours the globe for weapons for its war in Ukraine. Putin sent a congratulatory message to North Korea for its Liberation Day holiday on Monday marking the end of Japan’s 1910-1945 colonial rule over the Korean Peninsula. Although Putin regularly ...

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