Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery. The benchmark one-month Hong Kong Interbank Offered Rate — or Hibor — jumped above the closely watched threshold of 3% Wednesday, reaching the highest since May. If…
Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September. The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point…
{KXLG -Watertown, SD} The Arrow Education Foundation is offering a unique opportunity to support the Alan Mitchell Athletic Complex while giving participants a chance to win a rare $1,000 bill. Cris Ortmeier, Executive Director of the Arrow Education Foundation, discussed the “Win Big” fundraiser and other upcoming initiatives with KXLG… Your browser does not support…
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. The pact, which will see the bloc face 15% tariffs on most of its exports including autos, was announced Sunday by President Donald…
The yen was slightly stronger against the dollar as investors digested the impact of Japan’s ruling coalition losing its majority in the upper house election. Japanese stock futures inched lower. Japan’s currency, which had declined in the two weeks leading up to Sunday’s vote, held an small advance of 0.2% to trade at 148.52 versus…
Hong Kong is on the cusp of a big, beautiful bull run. But it’s in danger of being ruined. The financial center is finally getting back on its feet. The city is leading in global initial public offerings rankings this year. Its stock market is one of the world’s best performing. Meanwhile, rents have returned…
May 1 (Reuters) – Gold dipped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT),…
Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…
Stocks on Wall Street ended a volatile week with a bounce on Friday, while government bond markets continued to signal investor worry about the impact of new import taxes, as China raised its tariffs on American-made products to 125 percent. The S&P 500 fell as much as 0.9 percent in morning trading before rallying through…