Bloomberg Pakistan’s unprecedented flooding has forced nearly half a million people to leave their homes and move into relief camps as international aid starts to trickle in to help the South Asian nation already battling an economic crisis. At least 498,000 people are currently in temporary shelters after swirling waters either engulfed or damaged over a million homes, 3,500 ...

Bloomberg China took the most aggressive step yet in its latest battle to bolster the yuan, setting its reference rate for the currency with the second-strongest bias on record. The People’s Bank of China (PBOC) fixed the yuan against the dollar at 249 pips stronger than the average estimate in a survey of market participants — which Bloomberg started compiling ...

  Bloomberg The rupiah looks poised to test a key support level in the coming months as falling commodity prices, a potential tax on nickel exports and the slow pace of interest rate hikes in Indonesia weigh down the currency. An earlier-than-expected hike from Bank Indonesia last week did little to support rupiah, with the 25-basis-points increase easily overshadowed by ...