US official says diplomatic engagement will move to the embassy in Islamabad after the phased closure of the US Consulate General in Peshawar
The phased closure of the US Consulate General in Peshawar and the shift to diplomatic engagement via the embassy in Islamabad signal a potential recalibration of US-Pakistan relations.
BoK official says inflation is seen higher in May and are closely monitoring inflation trend as uncertainty is high over the Middle East situation
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US official says diplomatic engagement will move to the embassy in Islamabad after the phased closure of the US Consulate General in Peshawar
[MARKET UPDATE] Asia-Pac bourses open higher (ASX 200 +0.6%, KOSPI +4.4%), Samsung Electronics hits USD 1tln market cap; US equity futures hold onto earlier gains (ES +0.4%, NQ +0.8%); WTI futures oscillate around USD 100/bbl; Spot gold nears USD 4600/oz
A French bulk carrier was hit by a cruise missile in the waters near the UAE, CBS reports citing officials
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This move may indicate a focus on more centralized diplomatic efforts, which could impact regional stability and affect market sentiment towards assets sensitive to geopolitical tensions, such as emerging market currencies and commodities.
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