KLCI sinks deeper into the red at midday
2022-09-23
KUALA LUMPUR: The FBM KLCI remained in negative territory at midday amid cautious sentiments across the region as central banks globally raise rates. Read full story Continue Reading
Asian markets suffer further losses as central banks turn screws
2022-09-23
The particular dollar, which has increased to multi-decade highs against its major peers as well as growing currencies, held its strength. Traders are maintaining a close eye upon developments following the Japanese finance ministry’s involvement to support the yen , after it hit a new 24-year low of 146 againstContinue Reading
Golf legend Greg Norman pressed behind closed doors in ‘lively’ GOP discussion about Saudi-backed LIV tour
2022-09-22
Greg Norman, the head of the controversial Saudi-backed LIV Golf tour, faced some conservative criticism on Tuesday after he met with a group of House Republicans behind closed doors on Capitol Hill.Continue Reading
Indonesia resumes penalising exporters that break repatriation rules
2022-09-22
JAKARTA: Indonesia’s central bank offers reinstated rules to sanction natural resources exporters that do not receive their earnings through domestic banks, deputy governor Juda Agung said upon Thursday (Sep 22). Indonesia in 2019 issued rules requiring organic resource exporters to put their earnings in the domestic banking system, with theContinue Reading
‘Very high chance’ Hong Kong will end year in recession: Finance chief
2022-09-22
HONG KONG: Hk is set to end the year in the midst of a full-on recession, the city’s finance chief cautioned on Thursday (Sep 22), as COVID-19 controls and spiralling interest rates hammer the particular economy. “There is a very high chance for Hong Kong to record an adverse GDPContinue Reading
Singapore shares reverse losses to end little changed after US Fed delivers another big rate hike
2022-09-22
Most Asian bourses traded in the red after the Fed announcement, as two other central banks in Asia followed through with rate hikes.Continue Reading
Asian FX weaken ahead of Fed, Philippine peso at record low
2022-09-21
THE Philippine peso sank to a record low and other Asian currencies fell against the greenback on Wednesday ahead of a Federal Reserve interest rate decision that is likely to determine the direction of financial markets for months. Read full storyContinue Reading
Covid: Reserve Bank of Australia takes $30bn hit on bond purchases
2022-09-21
The Reserve Bank of Australia’s deputy governor says the loss will not effect its normal operations.Continue Reading
Bitcoin is unstoppable – as China proves
2022-09-21
Bitcoin has, once again, proved it is an unstoppable force in the global financial system – and what’s surprising is that it has done so in China. Blockchain analytics firm Chainalysis has released its 2022 Global Cryptocurrency Adoption Index detailing world usage of Bitcoin and other digital currencies. Emerging markets dominate the adoption index. The World Bank […]
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Asian markets drop as Fed hike looms, Putin’s announcement lifts dollar and oil
2022-09-21
Fed officials have for months stuck to the mantra that they will only ease up on their hawkish drive when inflation comes down and remains subdued. This has led many to warn that rates are unlikely to come down anytime soon, possibly as late as 2024, with a recession moreContinue Reading