Economy Financial News

20.03 / 06:07

markets UPS Citi economy Nikkei Is a Nikkei rally due after the BOJ’s policy shift? Citi weighs in

Investing.com-- Analysts at Citi said they expected the Nikkei 225 and broader Japanese stocks to see some short-term strength after the Bank of Japan’s historic policy shift, which ends nearly a decade of monetary stimulus for local markets.

20.03 / 06:07

markets economy Yellow wellness Trade Gold Prices Gold prices steady with Fed in focus, copper retreats from 11-mth peak

Investing.com-- Gold prices moved little in Asian trade on Wednesday, steadying from recent volatility as markets looked to the Federal Reserve for more cues on interest rate cuts in 2024.

20.03 / 04:47

Digital economy Remark Election Bill Experts Thailand forges ahead with 'digital wallet' handout scheme, official says

BANGKOK (Reuters) — Thailand's government is forging ahead with a 500 billion baht ($13.9 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday.

20.03 / 04:47

markets Citi economy Trade Asia FX flat as dollar rises before the Fed; yen plumbs 4-mth lows

Investing.com-- Most Asian currencies moved little on Wednesday amid caution before more signals on interest rate cuts from the Federal Reserve due later in the day, with the dollar sitting at two-week highs.

20.03 / 03:51

Target economy Remark Nikkei Features rights Headlines Why Japan’s economy remains a warning to others

raised interest rates for the first time since 2007, after inflation seemed at last to have become entrenched. Interest on balances held at the bank, previously set at minus 0.1%, will now be plus 0.1%. The central bank, under its relatively new governor, Ueda Kazuo (pictured), also scrapped its policy of yield-curve control, which capped long-term bond yields at 1%.

20.03 / 03:09

COST Provident Target economy Trade reports Malaysia's central bank calls for reforms with economy on firmer footing

By Rozanna Latiff and Danial Azhar

20.03 / 02:15

markets Provident Waters DOW economy NVIDIA US stock futures tread water ahead of more Fed cues

Investing.com-- U.S. stock index futures moved little in evening deals on Tuesday following a positive, tech-fueled session on Wall Street, with focus turning squarely to the conclusion of a Federal Reserve meeting later in the day.

20.03 / 02:15

markets Reuters economy Trade country reports Oil pulls back from multi-month highs as strong dollar dents demand

By Shariq Khan

20.03 / 02:15

markets UPS economy country travelers China keeps loan prime rate unchanged as economic recovery remains uncertain

Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged on Wednesday, as expected, amid persistent doubts over an economic recovery in the country.

20.03 / 02:15

markets Citi economy trends Japanese yen in freefall after BOJ talks dovish, expect more weakness

Investing.com-- The Japanese yen weakened substantially against its peers on Tuesday and Wednesday, as an interest rate hike by the Bank of Japan was largely overshadowed by the central bank reiterating its dovish outlook for the near-term.

20.03 / 02:15

markets economy Sustainability Trade show country Oil prices steady at 4-½ mth highs, US inventories seen shrinking

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday as traders remained cautious before more cues from the Federal Reserve, although persistent signs of tight supplies kept prices pinned near four-month peaks.

20.03 / 01:21

Manufacturing security economy Trade country reports EU-China trade relations are in a 'slow-motion train accident,' business group says

BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China's growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.

19.03 / 22:49

COST UPS economy Remark Election President Biden pushes plan to lower rents, blasts Trump in Nevada

By Jeff Mason

19.03 / 22:35

markets Racing economy Election Death Research reports Will Powell Signal Hawkish Shift at Tomorrow's Meeting?

Analysts are debating if last week’s sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: the recent run of news isn’t encouraging for anticipating that a dovish turn for monetary policy is imminent.

19.03 / 21:01

economy BlackRock Occidental social Schools Relationships Texas schools fund pulls $8.5 billion from BlackRock over ESG policies

By Isla Binnie

19.03 / 20:21

markets UPS economy Moodys wellness Updates Here's everything to expect from the Federal Reserve's policy meeting Wednesday

The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot in terms of changing the outlook for monetary policy.

19.03 / 18:49

markets UPS Platform economy Moodys country reports S&P Global Market Intelligence revises India's FY25 growth forecast to 6.8%

2024’s growth forecast for India due to stronger than expected momentum at the start of the year. An improving global economic environment and an expected gradual easing of domestic financial conditions will support economic activity," the news platform Economic Times quoted S&P Global Market Intelligence economist as saying. The revised forecast comes days after Moody raised India's growth forecast to 8% from 6.6% in FY24 on the backs of strong domestic consumption and high expenditure from the government.

19.03 / 18:49

markets COST Provident Digital economy Sustainability country Reform the UPI system: We need sustainable digital payments infrastructure

₹18.3 trillion, respectively. Such a large-scale shift to digital payments was unthinkable in an emerging economy like India till a few years ago. What is praiseworthy is the trust earned by this payment mode from millions of people, a large fraction of whom are not tech-savvy.

19.03 / 15:55

Reuters economy Highways reports Department Traffic International A win for automakers as US softens EV mileage rule

By David Shepardson

19.03 / 15:45

UPS economy Global growth expectations hit two-year high as managers diverge on potential AI bubble

In its monthly Global Fund Manager Survey, the firm found sentiment in March was also the most bullish it had been since January 2022, with the measure rising to 4.6 from 4.3 in February. Global fund managers most bullish in two years as growth expectations improve As the growth outlooks improved, two-thirds of fund managers claimed it was «unlikely» the global economy would experience a recession in the coming 12 months. Yet 62% said they would expect a ‘soft landing'; while 23% believed there would be no landing – up from 5% in October 2023 – and just 11% said there would be a ‘h...

19.03 / 15:41

markets UPS Target FIVE Strategy economy Bank of Canada walking a 'tightrope' as analysts forecast inflation jump in February

People banking on an interest rate cut may not like the direction Canadian inflation is heading if analyst expectations prove correct.

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