Showing 1 - 10 of 13
US Fed holds firm against Trump pressure as divisions emerge
AFP, Published on 31/07/2025
» WASHINGTON - The US Federal Reserve kept interest rates unchanged on Wednesday, defying strong political pressure from President Donald Trump to slash borrowing costs -- although divisions emerged among policymakers.
Fed set to hold firm against Trump pressure
AFP, Published on 30/07/2025
» WASHINGTON - The US Federal Reserve is expected to defy aggressive pressure from President Donald Trump and keep interest rates unchanged Wednesday, though divisions about the best response to tariff risks may bubble to the surface.
US Fed poised to hold off on rate cuts, defying Trump pressure
AFP, Published on 27/07/2025
» WASHINGTON - The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump.
Trade deal optimism lifts Asian shares
Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 28/06/2025
» RECAP: Most Asian stock markets rose on Friday, and a gauge of global equities reached another record high, on trade-deal optimism and increased expectations for US interest-rate cuts this year.
Asian shares on track for fifth month of gains
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 29/06/2024
» RECAP: Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling US inflation could prompt the Federal Reserve to ease interest rates this year, while the yen tumbled to a 38-year low against the dollar.
H&M probes Myanmar factory abuses
Reuters, Published on 16/08/2023
» LONDON - H&M told Reuters it is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world's second-largest fashion retailer, just weeks after top rival Zara owner Inditex said it is phasing out purchases from the Southeast Asian country.
Fed Plans 2023 Launch of Faster Payments System
Business, Andrew Ackerman, Published on 01/09/2022
» The Federal Reserve is set to launch a long-awaited faster payments system by next summer, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.
Damage from Trump's trade wars won't heal quickly: analysts
AFP, Published on 19/10/2020
» PARIS: After four years in office, Donald Trump has failed to achieve his promise to eliminate the US trade deficit, and dealt a lasting blow to the multilateral economic system that global trade is based upon, analysts say.
Unlike 2008, world's economic doctors feud over cure
AFP, Published on 15/03/2020
» LONDON: "I think the patient is stabilised," then US president Barack Obama declared after G20 powers prescribed unprecedented remedies to steady the crisis-wracked world economy just over a decade ago.
Shining a light
Asia focus, Larry Jagan, Published on 17/06/2019
» "Responsible business" has become the new buzzword in Myanmar, heightened by international investors' concern about weak governance in the country's private sector, a problem that is even more worrying in state-owned enterprises.