The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
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KUALA LUMPUR: The FBM KLCI pared gains at it entered midday following a positive investor reaction to the Bank of England’s announcement of bond-purchasing measures to stabilise a sell-off in gilts. Read full storyContinue Reading
SEOUL: South Korean President Yoon Suk-yeol promised on Thursday (Sep 29) to appropriately deal with economic shocks in one of the most direct indications about measures to stop the spread of a sense of panic in financial markets. The comment came as the country’s stock and bond prices jumped whileContinue Reading
G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]
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The average hotel room rate in Singapore rose to S$259 in July, the highest in nearly 10 years, according to Singapore Tourism Board data.Continue Reading
The best part of “Eat the Rich: The GameStop Saga” is that it manages to tell a complicated financial story with a fair amount of humor and context, in a way that doesn’t demonize the various parties, which doesn’t spare them from various levels of mockery. The result is a Netflix docuseries that, despite a few excesses, exposes the more ridiculous aspects of stock trading and where all that paper can come to resemble a house of cards.Continue Reading
China’s government has unveiled new measures to help its exports keep growing in the second half of this year amid slowing demand in Europe and the United States. On Tuesday, China’s Ministry of Commerce said it would help exporters with export credit insurance and tax benefits, and make it easier for them to participate in […]
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MANILA – In a major policy reboot with potential long-term economic and geopolitical implications, new Philippine President Ferdinand Marcos Jr is cracking down on the Chinese online casinos that proliferated in the capital Manila and across the country under his controversial predecessor. This week, the Philippine Department of Justice (DoJ) announced it will close down […]
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TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]
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SINGAPORE: Oil prices fell more than 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. Read full storyContinue Reading