Asian markets rose Wednesday following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
Asian equities advance but inflation, correction worries persist
Oil prices rose on Wednesday, boosted by demand hopes on progress made in US vaccine rollouts, while uncertainty over how much supply OPEC+ will restore to the market at its Thursday meeting and a big build in US crude stocks capped gains.
Oil rises on demand hopes after days of sell-off
Startups are powerful components of Iran’s defense against global sanctions, Vice President for Science and Technology Sorena Sattari said, adding that technology diplomacy is a new approach that Iran tries to build up in the world.
Iran after forming ‘tech diplomacy’: Vice president
Iran imported 21.4 million tons of basic commodities worth $10.8 billion during the 11 months to February 18, 2021, said the spokesman of the Islamic Republic of Iran Customs Administration (IRICA).
Iran imports over 21m tons of basic goods in 11 months: IRICA
The Trade Development Authority of Pakistan (TDAP) will hold an online seminar on the expansion of Iran-Pakistan trade on Wednesday, according to the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA).
Iran, Pakistan to hold trade webinar today
Iranian Energy Minister Reza Ardakanian inaugurated 20 water and electricity projects, valued at about $138 million, in six provinces through a videoconference on Tuesday.
Energy minister inaugurates 20 water, electricity projects
A memorandum of understanding (MoU) worth $120 million was signed between the Headquarters for the Execution of Imam Khomeini’s Order (EIKO) and the governorate of Qom Province on Tuesday.
EIKO signs MoU to implement projects worth $120m in Qom Province
China’s top banking and insurance regulator expressed wariness of the risk of bubbles bursting in foreign markets, and said Beijing is studying effective measures to manage capital inflows to prevent turbulence in the domestic market.
China considers ways to manage financial risks stemming from capital inflows
The Reserve Bank of Australia (RBA) signaled it’s ready for a prolonged battle with bond traders betting on a reflation wave sweeping across the global economy.
Australia’s central bank at cusp of reflation trade girds for long fight

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