The Bank of Japan (BOJ) is expected to reiterate its resolve next week to keep monetary policy ultra-loose and remain a dovish outlier as many other central banks raise interest rates, a commitment that could lead to further falls in the yen.
The Indian rupee hit a record low on Friday and weakened for a 11th straight week as foreign investors continued to dump riskier assets amid rising concerns around a global recession with investors now awaiting the Fed meeting outcome on July 27.
Shares in embattled Chinese property developers fell on Friday as homebuyers' threats to stop mortgage payments on unfinished apartments outweighed Beijing regulators' assurance that local governments will get help to deliver property projects on time.
Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday.
The dollar hovered below a near two-decade high in Asian trading on Friday, having slipped overnight after two Federal Reserve policymakers said they favoured a smaller rate rise than the 100 basis points (bps) that investors were betting on.
Global equities climbed on Friday, while the dollar dipped and oil rose as investors reduced their expectations of an aggressive interest rate hike by the Federal Reserve this month and as U.S.
Asian stocks fell to a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains after a fresh round of rate hikes globally deepened concern about the outlook for world economic growth.
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened concerns about the outlook for global economic growth.
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth.
Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, while indications that the U.S.
Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.
Oil prices rose in early Asian trading on Friday amid uncertainty around how aggressive the U.S. Federal Reserve will be in hiking interest rates to combat rampant inflation.
China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity in June may have perked up.
A tax reform proposed by Colombia's President-elect Gustavo Petro will raise $10.9 billion annually via a progressive income tax, the elimination of business exemptions, and tackling evasion, his incoming tax agency head said on Thursday.
The International Monetary Fund said on Thursday it hopes to begin lending from its new Resilience and Sustainability Trust (RST) for vulnerable low and middle-income economies in October at the time of its annual meeting.
Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.
The International Monetary Fund is still in contact with officials at technical levels within the Sri Lankan government and hopes to be able to resume discussions with higher-level officials, an IMF spokesman said on Thursday, after Sri Lanka's president announced his resignation.
Wall Street's biggest banks sounded cautious on economic headwinds ahead, reducing risk in certain areas as they assess the likelihood and severity of recession
Central banks are jacking up interest rates to tackle the highest inflation in decades, economic growth is slowing, recession looms, and financial markets are in a deep funk.
Ten years after his 'whatever it takes' pledge saved the euro, Mario Draghi is once again in the middle of a debt crisis - but the Italian prime minister and former head of the European Central Bank will need more than just words to solve this one.
The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but less-restrictive pandemic containment policies also were needed.
Two of the Federal Reserve's most hawkish policymakers on Thursday said they favored another 75-basis-point interest rate increase at the U.S.
Federal Reserve Governor Christopher Waller said on Thursday he supports another 75-basis-point interest rate increase at the U.S.
Federal Reserve Governor Christopher Waller said on Thursday he supports another 75-basis-point interest rate increase at the U.S.
Thailand's central bank is highly likely to raise its key policy rate at its August meeting, a senior director said on Thursday, as other central banks moved to tighten their monetary policy.
Big wage gains for lower-paid U.S. workers, a hallmark of the pandemic economy, were concentrated in less expensive cities, according to a new study that points to another potential stumbling block in getting the job market fully back to normal.
Recession in the major economies is the only sure-fire way to reduce Russia's petroleum revenues - an uncomfortable truth Western policymakers have tried to obfuscate from voters at home.
The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling in the labor market amid rising interest rates and tighter financial conditions.
Hedge fund Ides Capital on Thursday asked U.S. car service and tire center operator Monro Inc to pressure its controlling shareholder to drop a veto to a sale of the company.
The S&P 500 pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S.
