Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The investment world has quickly swapped its insignia over the past couple of weeks….
A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Asia-Pacific markets closed higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shrugged off…
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024. Noriko Hayashi | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets opened mostly higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as…
An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets mostly rebounded on Wednesday following a broad decline in the previous session and as Wall Street rallied overnight. Chinese markets were the outlier, tumbling…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. Bloomberg | Bloomberg | Getty Images The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against…
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada,…
A picture taken on December 7, 2021 in Istanbul shows U.S. dollars banknotes. Ozan Kose | Afp | Getty Images The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The Federal Reserve is almost certain to start its rate-cutting cycle next week. Historically, a…