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Asian shares tumbled, the dollar held firm and the U.S. yield curve was deeply inverted on Wednesday, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer. U.S. Labor Department data showed …

The United States is considering options for a sanctions package against China to deter Taiwan action, with the European Union coming under diplomatic pressure from Taipei to do the same, according to sources familiar with the discussions. The sources said the deliberations in Washington and Taipei’s separate lobbying of EU …

Forty eight million Vietnamese, or nearly half the population, will have an income of more than US$20 a day by 2030, British lender HSBC has forecast. The country is set to move from 13th place last year to 10th among countries with the highest number of people earning more than …