Federal Reserve Bank of Atlanta President Raphael Bostic said it “may be time” to cut but he’s still looking for additional data to support lowering interest rates next month.Bostic reiterated that...
Deputy Governor Ryozo Himino said the Bank of Japan will raise interest rates as long as inflation moves in line with the bank’s view, underscoring the central bank’s essentially unchanged stance...
28/08/2024
Profits at China’s industrial companies rose at the fastest pace in five months in July, though weak domestic demand is calling into question whether their resilience can last.Industrial profits at...
27/08/2024
Gold steadied near a record high after Federal Reserve Chair Jerome Powell affirmed expectations the central bank will start cutting interest rates next month.Bullion traded near $2,510 an ounce...
26/08/2024
The Bank of Japan is still on a path toward higher interest rates provided inflation and economic data continue in line with its forecasts, Governor Kazuo Ueda said in his first public remarks...
23/08/2024
Ford is cancelling plans to manufacture a three-row electric sport utility vehicle, warning that the decision could cost it up to $1.9bn in the latest sign of US carmakers adjusting to slower than...
22/08/2024
The Bank of Korea held its benchmark interest rate steady to rein in rising home prices while also tweaking its forward guidance in a dovish direction, raising the possibility of a policy pivot as...
22/08/2024
Japan’s exports rose at a faster pace in July, largely reflecting the yen’s drop to a 38-year low last month.Exports gained 10.3% from a year ago led by chip parts and cars, accelerating from 5.4% in...
21/08/2024
Gold is in record-setting form, topping $2,500 an ounce on expectations that the Federal Reserve is poised to cut US interest rates.The precious metal’s 21% year-to-date surge has made it one of the...
20/08/2024
Start-up failures in the US have jumped 60 per cent over the past year, as founders run out of cash raised during the technology boom of 2021-22, threatening millions of jobs in venture-backed...
19/08/2024