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Imran Khan calls for fresh Pakistan protests

  Bloomberg Pakistan’s former prime minister Imran Khan plans to resume his push for snap elections in the South Asian nation even as he faces legal worries that could derail his political career. Khan asked his supporters to prepare for the new protest — the “True Freedom” movement —which would start Saturday. He gave no other details. In the past, ...

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Japan intervenes to support yen for first time since 1998

Bloomberg Japan intervened to prop up the yen for the first time since 1998, after its central bank sparked further declines in the currency by sticking with ultra-low interest rates as its global peers hiked. The yen rose as much as 2.5% against the dollar, pulling back sharply from the lows of the day when it had breached a key ...

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Powell’s rate hike till inflation breaks makes dollar king trade

Bloomberg The surging dollar is showing there’s only one macro asset worth buying when the Federal Reserve tightens above its long-term neutral rate. Traders offloaded stocks, bonds and major currencies for a second day after the US central bank raised rates for a fifth time this year. The yen, the biggest Group-of-10 loser, briefly slid past 145 per dollar, prompting ...

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