IBT Staff Reporter

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Dollar Pause, China Economy Support Pledge Lift Markets

A dollar pullback from 20-year highs and Chinese authorities' pledge to support economic growth offered respite to battered equity markets on Friday, though Wall Street remained poised to open lower after lacklustre earnings from retail giant Amazon.

Toyota's Thai Unit Agrees To Boost EV Incentives

The Thai unit of Toyota Motor Corp on Friday signed an agreement with the Southeast Asian country on incentives to promote the use of electric vehicles (EVs) in the major regional auto production base.

Dollar On Track For Best Month Since 2015

The dollar slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years as concerns about the global economy and a hawkish Federal Reserve bolstered demand for the greenback.

Dollar Slips, But Posts Best Month Since 2015

The dollar slipped from 20-year highs against a basket of currencies on Friday, but posted the best month in seven years as concerns about the global economy and a hawkish Federal Reserve bolstered demand for the greenback.

Oil Eases As China Lockdowns Weigh On Demand Outlook

Oil prices were mixed on Friday as China's COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices.

S.Korea To Lift Outdoor Mask Mandate Starting Next Week

South Korea will lift an outdoor face mask mandate starting next week, Prime Minister Kim Boo-kyum announced on Friday, in the country's latest step to ease COVID-19 restrictions as it learns to live with the Omicron variant.

Expats Flee As Shanghai's COVID Lockdown Drags

Shanghai's heavy-handed COVID-19 lockdown is driving scores of foreign residents to flee the commercial centre, denting the appeal of mainland China's most cosmopolitan city and prompting others to rethink their futures in the metropolis.

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