Protesters seeking to oust Thai Prime Minister Yingluck Shinawatra vowed to incite more unrest this week after clashes left three dead in Bangkok at the weekend and the central bank warned the standoff was hurting the economy.
Thailand unexpectedly cut its key interest rate for a second time this year, as escalating anti- government protests threaten investor confidence and local demand, hurting the nation’s growth outlook. The baht fell.
President Barack Obama said a $32 million government grant to a maker of battery-driven trucks is an example of how government funding can help businesses generate jobs as the nation recovers from a “brutal recession.”
Bulgarian Prime Minister Plamen Oresharski’s minority Cabinet survived a no-confidence vote called by former premier Boyko Borissov’s Gerb party, ending a political standoff exacerbated by four months of protests.
China’s stocks rose, capping a fourth week of gains for the benchmark index, after an eastern Chinese city said it would subsidize home purchases, signaling some policy easing of property restrictions.