News Snapshot:
Australia is a founding member of the ADB, which is expected to discuss global economic shocks, climate change, food security and new sources of growth for the region this week. Asian finance leaders will likely debate ways to beef up safeguards against market turbulence, as global banking sector woes and fears of recession in advanced economies cloud the economic outlook. Central bank governors from Association of Southeast Asian Nations (ASEAN) plus Japan, China and South Korea will also meet to discuss the impact of rising US interest rates on capital flows. A few immediate challenges Mr Leigh will warn that...