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Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
JAPAN’S finance minister Shunichi Suzuki said on Thursday the government is watching currency market moves with “a high sense of urgency”, as the yen has fallen to four-month-lows beyond 151 per dollar.
THE Hong Kong Monetary Authority (HKMA) followed the Federal Reserve in holding its base rate, as United States officials maintained their outlook for three interest-rate cuts this year.
DREAME Technology, a Chinese maker of smart home appliances such as robotic vacuum cleaners, is considering an initial public offering that could raise at least US$300 million, people familiar with the matter said.
DREAME Technology, a Chinese maker of smart home appliances such as robotic vacuum cleaners, is considering an initial public offering that could raise at least US$300 million, people familiar with the matter said.
ASIAN markets fluctuated on Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve’s policy meeting.
SINGAPORE shares ended marginally higher on Wednesday (Mar 20), despite an overnight rally on Wall Street that saw the S&P 500 hitting a record high.
SINGAPORE shares ended marginally higher on Wednesday (Mar 20), despite an overnight rally on Wall Street that saw the S&P 500 hitting a record high.
