Showing 1 - 10 of 25
Credit Suisse expects Q4 pre-tax loss of $1.6 bn
AFP, Published on 23/11/2022
» ZURICH - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.
Asia stocks up before Powell speech, China tech adds support
AFP, Published on 26/08/2022
» HONG KONG: Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.
China's Taiwan war games threaten more global supply chain disruption
AFP, Published on 04/08/2022
» BEIJING: Chinese military exercises around Taiwan are set to disrupt one of the world's busiest shipping zones, analysts told AFP, highlighting the island's critical position in already stretched global supply chains.
UK inflation hits fresh 40-year high
AFP, Published on 22/06/2022
» LONDON: British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers' wages and pressuring the Bank of England to keep on raising interest rates.
US Fed announces biggest interest rate hike since 1994
AFP, Published on 16/06/2022
» WASHINGTON: The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.
Most Asian markets hit by Ukraine fears, tech selloff
AFP, Published on 14/03/2022
» Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.
Stocks plunge, oil and metals rocket on Russia supply fears
AFP, Published on 07/03/2022
» LONDON: World stock markets tumbled, metals prices struck record highs and oil neared an all-time peak on widespread financial fallout from Russia's invasion of Ukraine.
US stocks fall again, sending Nasdaq nearer to dreaded 'bear' market
AFP, Published on 22/01/2022
» WASHINGTON: Wall Street stocks tumbled again Friday following a plunge in Netflix shares that sent the Nasdaq further into correction territory, spurring questions of just how far the market will fall.
Asian markets stabilise after rout but Evergrande fears linger
AFP, Published on 21/09/2021
» HONG KONG - Equities fluctuated in Asia on Tuesday, with investors nervously keeping an eye on troubled property giant China Evergrande after fears over its possible collapse sparked a rout across global markets.
Fed set to hold the line as US economy recovers
AFP, Published on 25/04/2021
» WASHINGTON: The Federal Reserve finally has what it wants and predicted: signs of a US economic recovery that could undo some of the damage done by the Covid-19 pandemic.