SINGAPORE (Reuters) – The dollar began the last quarter of 2021 near its highest levels of the year, and was headed for its best week since June as investors expected a hawkish-sounding Federal Reserve to lift U.S. interest rates sooner than its major peers.FILE PHOTO: U.S. dollar bills are seen on a light table at […]
TOKYO (Reuters) – Asian equities followed Wall Street sharply lower and bonds rallied on Friday as risk sentiment soured amid growing worries that inflation may persist even after global growth has peaked.FILE PHOTO: A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage […]
SINGAPORE (Reuters) – The dollar began the last quarter of 2021 near its highest levels of the year and headed for its best week since June, as currency markets braced for U.S. interest rates to rise before those of major peers.FILE PHOTO: U.S. dollar bills are seen on a light table at the Bureau of […]
Chicago’s brawny tabloid has entered into a merger agreement with the nonprofit organization behind the public radio show “This American Life.” The Chicago Sun-Times, once home to the film critic Roger Ebert and the columnist Mike Royko, and Chicago Public Media, the owner of the city’s National Public Radio affiliate WBEZ, announced on Wednesday that […]
TOKYO/SINGAPORE (Reuters) – Investors see Japan’s new leader, Fumio Kishida, as a steady consensus-builder who can lead the ruling Liberal Democratic Party and its coalition partner to victory in a general election due in November.FILE PHOTO: Former Japanese Foreign Minister Fumio Kishida speaks during a press conference at the Liberal Democratic Party (LPD) headquarters after […]
BEIJING (Reuters) -China’s factory activity unexpectedly shrank in September due to wider curbs on electricity use and elevated input prices, while services returned to expansion as COVID-19 outbreaks receded, offering some relief to the world’s second-biggest economy.FILE PHOTO: Employees work on the production line of American infant product and toy manufacturer Kids II Inc. at […]
HONG KONG (Reuters) – Asian shares found some calm on Thursday following this week’s heavy China-driven losses although the dollar sat at a more than one-year high against major peers, upheld by lingering safe-haven demand and expectations for tighter U.S. monetary policy.FILE PHOTO: Passersby wearing protective masks are reflected on an electronic board displaying stock […]
Customers of failed household gas and electricity providers face losing up to £37.40 a week as a rise in the industry price cap coincides with the withdrawal of coronavirus crisis aid, an energy watchdog has warned. Citizens Advice (CA), which has powers to represent the interests of consumers in the energy market, released the estimate […]
FILE PHOTO: San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. REUTERS/Ann Saphir/File Photo(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she feels the U.S. central bank will be able […]
(Reuters) -The Federal Reserve’s massive asset purchases helped to stabilize markets at the start of the pandemic but it will “soon” be time to start reducing them, Philadelphia Fed Bank President Patrick Harker said on Wednesday.FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid“I […]