Asian markets creep up as investors await key speech
Hong Kong, China - Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States. US Federal Reserve Chairman Jerome Powell, who has resisted public demands by President Donald Trump to...
Most Asian markets drop on renewed Covid, inflation concerns
In early trade, Tokyo, Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta were all down, though there were gains in Seoul and Singapore.
Asian markets mixed with focus on inflation, Biden-Xi summit
Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .
Earnings joy lifts Asian markets as Fed mulls taper
Signs of progress on US President Joe Biden's massive spending bill provided an extra lift to sentimentAsian traders move cautiously ahead of inflation release
With the world's top economy well on the recovery track, the US central bank has already signalled it will begin to wind back the massive financial support put in place at the start of the pandemic.
Asian markets stabilize but Evergrande fears linger
The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments on its debt obligations, sparking a disastrous default.
UAE Central Bank ups overnight rates, hours after US Fed raised interest
Central banks in the GCC mimic the US Fed's moves due to the peg of their currencies to the US dollar CBUAE upped the base rate applicable on the overnight deposit facility (ODF) by 5 points to 15 bps Hours after the US Federal Reserve Board raised the interest on...
Powell, Lagarde bicker over central bank role in climate policy
The two differed on the role of central banks in fighting global warming Lagarde, has made climate protection financing an ECB priority Jerome Powel, head of US Federal Reserve, and Christine Lagarde, head of the European Central Bank, bickered openly on Friday when Powel said that it was not the...
