Category: World

Among the trials and tribulations of the plague years, there was a silver lining. In late 2020, with the approval of covid-19 vaccines, and into 2021, as the jabs worked their magic, techno-optimism began to spread. If people could develop life-saving inoculations in months, why couldn’t the world move out of its low-growth, low-productivity slumber? […]

Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations. Federal Reserve Chair Jerome Powell’s promise of policy “pain” to contain inflation quashed hopes that the central bank would ride to the rescue of markets […]

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome Powell on rate-hike path later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6% in early Asia […]

Representative Image Wall Street ended sharply higher on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve’s Jackson Hole conference for clues about the central bank’s policy outlook. Fed Chair Jerome Powell is due to give a speech on Friday that investors will dissect for indications of […]

Representative Image Wall Street ended higher on Wednesday, lifted by gains in energy stocks and Intuit while investors awaited the U.S. Federal Reserve’s Jackson Hole conference this week. Boosting the tech-heavy Nasdaq, Intuit Inc (INTU.O)rallied almost 4% after the accounting software maker forecast upbeat fiscal 2023 revenue. After the bell, Salesforce Inc (CRM.N) dipped 5.5% following its quarterly […]

Asian share markets were broadly positive while the dollar was slightly weaker on Thursday, with investors nervously awaiting the U.S. Federal Reserve’s annual Jackson Hole conference for clues on how sharp future interest rate hikes might be. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3%, after U.S. stocks ended the previous session […]

When russia invaded Ukraine on February 24th, “Oleg”, a senior executive at a Russian airline, braced for turbulence. It did not take long to arrive. Within days Western countries had barred his firm’s aircraft from entering their airspace. They also prohibited exports of plane parts and semiconductors to Russia: a problem, since three-quarters of the […]

Six months have passed since the war in Ukraine began. Read our most recent coverage here. Even in normal times the Russian economy is about as transparent as a Siberian snowstorm—and these are not normal times. Since Russia’s invasion of Ukraine, the Central Bank of Russia (cbr) and Rosstat, the official statistics agency, have stopped […]

Six months after Russian tanks rolled into Ukraine, an inflationary shock is still ripping through boardrooms, finance ministries and households, with European natural-gas prices surging again on August 22nd owing to fears of further disruptions to supply from Russia. But in one crucial area, prices have come back to Earth. The cost of grains, cereals […]

Representative Image Wall Street ended sharply lower on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out inflation. All 11 S&P 500 sector indexes declined, led lower by consumer discretionary (.SPLRCD), down 2.84%, […]

Stocks bounced back from a sharp selloff at the start of the week tied in part to concerns over a default by China’s Evergrande and its potential risk to global financial markets. (Representative Image) Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks keep […]

Stocks bounced back from a sharp selloff at the start of the week tied in part to concerns over a default by China’s Evergrande and its potential risk to global financial markets. (Representative Image) Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central […]