Category: World

Representative Image Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve’s latest aggressive move to rein in inflation by selling growth stocks, including technology companies. The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for […]

Representative image. Wall Street’s main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation. All three benchmarks finished more than 1.7% down, with the Dow (.DJI) posting its lowest close since […]

Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day. Japan’s Nikkei dropped 1.26% and touched a two-week low. Australia’s benchmark share index slid 1.35% and South Korea’s Kospi fell 0.9%. Chinese blue chips declined 0.82%, […]

Representative Image Wall Street ended Tuesday lower as the eve of a US Federal Reserve meeting expected to bring another large interest rate hike brought further evidence of the impact on corporate America from the inflation that the US central bank wants to tame. The benchmark S&P 500 index has dropped 19.1 percent so far this […]

Asian shares edged up in early trade on Tuesday following a rebound in the final hour of New York trading as investors turned their attention to an expected hefty Federal Reserve interest rate hike this week to tackle inflation. Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central […]

Representative Image Wall Street’s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week’s policy meeting at the Federal Reserve and how aggressively it will hike interest rates. Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market […]

SHANGHAI, CHINA – JULY 06: A security man with protective mask stands on a pedestrian bridge which displays the numbers for the Shanghai Shenzhen stock indexes on July 06, 2022 in Shanghai, China. (Photo by Hugo Hu/Getty Images) It’s time for emerging Asian markets to reap the rewards after years of building up foreign-exchange reserves, […]

The 120km train ride between the cities of Luoyang and Zhengzhou is a showcase of economic malaise and broken dreams. From the window, endless half-built residential towers pass one after another for the duration of the hour-long journey. Many of the buildings are near completion; some are finished and have become homes. But many more […]

Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States. Markets are already fully priced for a rise of 75 basis points from the […]

In the aftermath of the global financial crisis in 2007-09, China’s stimulus efforts, which pumped around 4trn yuan ($ 575bn) into the economy, left observers gushing with praise. Robert Zoellick, then head of the World Bank, expressed his delight at the fiscal expansion. The imf credited the world’s second-largest economy with leading the global recovery. […]

The main target of Ursula von der Leyen’s state-of-the-union address on September 14th was energy companies. It is wrong, the president of the European Commission said, for them to make such profits “from war and on the back of consumers”. Windfall taxes raising €140bn ($ 140bn) would follow, she announced. Yet the speech also included […]

Asian markets were weaker on Friday as investors braced for a U.S. rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% on Friday, after U.S. stocks ended the previous session with […]

Representative Image Wall Street indexes were firmly in the red after a choppy start to Thursday’s session while bond yields rose as investors digested economic data that provided the Federal Reserve little reason to ease its aggressive interest rate hiking cycle. Oil futures tumbled more than 3% on demand concerns and after a tentative agreement […]

On september 11th Tom Brady marked his “unretirement” from America’s National Football League, guiding the Tampa Bay Buccaneers to a decisive win over the Dallas Cowboys in their first game of the season. Mr Brady, probably the greatest quarterback in history, had earlier this year announced that he was retiring, only to change his mind […]