Category: World

In recent military drills around Taiwan, China has simulated an invasion of the island, which it considers a “renegade province”. Talk of war has preoccupied Chinese bloggers, pundits and politicians ever since Nancy Pelosi, speaker of America’s House of Representatives, visited Taipei in August. Finance officials in Beijing have no doubt been prepping for a […]

Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings. MSCI’s gauge of Asia-Pacific stocks outside Japan was up 0.47%, with China’s benchmark CSI300 Index and Hang Seng Index opening up […]

Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices. The euro was down 0.4% at $ 0.9908 and looking likely to test its recent 20-year low of […]

A late rally helped the S&P 500 snap a four-session losing skid on Thursday with investor focus turning to a key report on the labor market on Friday. Stocks had been solidly lower for most of the session, after data showed weekly jobless claims fell more than expected to a two-month low last week and […]

Asian shares were mixed and the dollar stood tall on Friday ahead of a key U.S. jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while commodities took an overnight dive amid new China lockdowns. MSCI’s broadest index of Asia-Pacific shares outside Japan remained largely unchanged in early Asia trade, […]

Hedge funds are used to being the star players in corporate America’s most aggressive sport: financial distress. They search for value in the liabilities of troubled firms, often hoping to participate in the restructuring of a company’s balance-sheet. And after a decade of unpleasantly benign financial conditions, excitement in the industry is building. A toxic […]

Representative image Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley. “The index usually is the last thing to fall,” Wilson, who’s predicted this year’s equity selloff, told “Bloomberg Markets” Wednesday, referring to the S&P 500. […]

Every single warning light is flashing red. Russia’s war on Ukraine, an uneven recovery from the covid-19 pandemic and a drought across much of the continent have conspired to create a severe energy crunch, high inflation, low growth—and enormous uncertainty about Europe’s economic future. Governments are rushing to try to help the most vulnerable. And […]

Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data. The overnight JOLTS report on job openings – closely watched by the Federal Reserve – pointed to extremely tight labour conditions, defying the Fed’s tightening efforts so far and bolstering the […]

Wall Street U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation. The benchmark S&P 500 index has tumbled more than 5% since Fed Chair Jerome Powell on […]

To the ears of many, “pricing power” is something of a dirty term. For left-wingers it conjures up images of greedy corporations abusing their market dominance to charge more. For economists it raises the spectre of sticky inflation as companies ratchet up prices to cover higher costs. But from another perspective, pricing power is less […]

Representative Image U.S. stocks closed lower on Monday, adding to last week’s sharp losses on nagging concerns about the Federal Reserve’s determination to aggressively hike interest rates to fight inflation even as the economy slows. Fed Chair Jerome Powell said on Friday the U.S. economy would need tight monetary policy “for some time” before inflation […]