Philippine energy minister says the country will establish a national oil reserve by end-2027.

TASS reports Russia's sanitary and epidemiological authority says reports of a second unidentified pneumonia case in Irkutsk are false.

The PBOC said the exchange rate and the current account do not have a simple linear relationship. Exchange rates are relative prices influenced by economic growth, monetary policy, financial markets, geopolitical developments and sudden shocks. Analysis of exchange-rate moves should cover services as well as goods trade, the financial account as well as the current account, and both economic fundamentals and market expectations.