Australia’s central bank governor defends low policy rates, says won’t move in lock step

The Reserve Bank of Australia (RBA) welcomes a recent pick up in the labor market, although subdued wages and high household debt means policy rates will stay lower for longer, Governor Philip Lowe said on Wednesday. Australia’s labour market strengthened for a...

China securities regulator says will steadily expand opening of capital markets

China’s securities regulator said Wednesday it will regulate and expand access to capital markets for all types of investors, while also encouraging more long-term institutional participation. The China Securities Regulatory Commissions said in a post on its...

North Korea is attracting thousands of vacationers every year. So who are they?

When a brutal, communist dictatorship is able to attract tourists, the most obvious question is: Who? North Korea was isolated further Friday as the United States that it will ban its citizens from visiting the country. Given the worrying headlines that consistently...