Showing 1 - 10 of 74
Markets tumble as Republicans threaten US debt deal
AFP, Published on 31/05/2023
» HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
Stocks drift lower as US struggles to reach debt deal
AFP, Published on 17/05/2023
» NEW YORK - European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.
Global stocks mostly up as yen tumbles after Bank of Japan decision
AFP, Published on 29/04/2023
» NEW YORK: Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.
Oil market surges on shock output cuts
AFP, Published on 03/04/2023
» LONDON - World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year.
US stocks tumble after Fed rate hike, concerns on economy
AFP, Published on 23/03/2023
» NEW YORK - Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
Stock markets mixed on renewed US Fed rate fears
AFP, Published on 10/12/2022
» NEW YORK - Global stocks had a mixed showing Friday, with hotter-than-expected US wholesale prices renewing concerns that the Federal Reserve will push on with aggressive policies against inflation.
Pound slides amid UK political drama, stocks soar
AFP, Published on 14/10/2022
» LONDON: The pound fell Friday as under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic policy U-turn, while equities rallied for a second day despite surging US inflation.
Stocks surge on interest rate hopes
AFP, Published on 04/10/2022
» LONDON: Global stocks rallied Tuesday and the dollar mostly slid as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.
Pound hits record low versus dollar, markets drop on recession fears
AFP, Published on 26/09/2022
» HONG KONG: The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.
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.