U.S. stock indexes were set for a higher open on Tuesday after a two-session hammering on fears of aggressive policy tightening by the Federal Reserve, with investors looking ahead to consumer confidence and job openings data later in the day.
HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region, a memo to staff seen by Reuters showed.
Former Federal Reserve economist Stephen Roach said the "impacts" of monetary tightening "haven't kicked in at all right now," and a "miracle" may be the only way to avoid a recession.
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
Stock and bond markets attempted to steady on Tuesday, as investors turned their focus to this week's U.S.
South Korea said on Tuesday it would cut annual government spending for the first time in over a decade next year, as it seeks to curb its pandemic-era stimulus and help the central bank rein in a red-hot economy.
In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family's last remaining handful of dried fish - a reminder of Sri Lanka's worst economic crisis in decades.
The European Commission said on Monday it fully stood by its proposal to approve Poland's recovery plan after four associations of European judges asked the EU court to annul it, because the plan disregarded earlier EU court judgements.
Traders in the U.S. equity options market appear to be betting that stocks, which turned volatile last week following the Federal Reserve's warning on continued policy tightening, will remain choppy over at least the next couple of months.
The U.S. Federal Reserve will not back away from "talking tough" on the markets until there is significant progress on inflation, which will perpetuate volatility into mid-2023, UBS Global Wealth Management's chief investment officer said on Monday.
Whether they are selling burgers, pizza or pancakes, major U.S.
In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual rate of around 1.8%.
The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets.
India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise.
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.
"Don't fight the Fed" is a well-worn market maxim, and hedge funds are sticking to it like glue.
Bank of Korea Gov. Rhee Chang-yong said Saturday interest rates would need to continue increasing until inflation is in decline, but the country likely could not call a halt to its tightening cycle before the U.S.
Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third straight 75-basis point interest rate hike next month on U.S.
Mexican officials hope a newly created state-run lithium company will catapult the country to the vanguard of the green energy revolution, but industry experts told Reuters hefty costs and international indifference are likely to stymie those plans.
Investors are bracing for higher interest rates for longer and hunkering down with defensive portfolios which shun high equities risk, as U.S.
The coronavirus pandemic touched off a scramble among U.S.
U.S. consumer spending barely rose in July as a drop in gasoline prices weighed on receipts at service stations, but monthly inflation slowed down considerably, which could give the Federal Reserve room to scale back its aggressive interest rate hikes.
The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth.
Hungary's central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation keeps rising due to surging energy prices and a weak forint.
Consumer morale in the euro zone's two biggest economies diverged starkly in August as French consumers benefited from fresh government measures while concerns over rising energy bills hit their German counterparts, surveys showed on Friday.
India's economy is forecast to have expanded by an annual 15.2% in the April-June quarter, thanks to a weak base last year and a rebound in consumption as pandemic restrictions eased, a Reuters poll found.
Longfor Group said its 1.5 billion yuan ($219 million) bonds had been priced at a coupon rate of 3.3%, marking the first sale by a private Chinese homebuilder of notes fully guaranteed by the state to boost market sentiment amid a sector-wide cash crunch.
If "raise and hold" sounds like a poker strategy, that may in fact sum up the all-in approach to fighting inflation that Federal Reserve Chair Jerome Powell is expected to lay out in a highly anticipated speech to the Jackson Hole central banking conference on Friday.
Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80% of economists said in a Reuters poll, which would be bad news for an economy that has hardly seen any real wage growth for more than two decades.
Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S.
