Trade tensions between Beijing and Washington have intensified. China announced increased export controls on rare earths, while the U.S. threatened to raise tariffs to 100% and tighten software export restrictions. The Fourth Plenum, scheduled from 20 to 23 October, will outline China’s economic, political, and social agenda along with its development plans for the next…
US stocks marched higher on Wednesday as Wall Street returned to rally mode while investors digested the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data. The Dow Jones Industrial Average (^DJI) turned roughly 0.2% higher on the heels of a losing day for the major gauges. The…
By Rocky Swift and Junko Fujita TOKYO (Reuters) -Japanese shares surged to a record high on Monday, while the yen and long-term bonds plunged as Sanae Takaichi was all but confirmed to become the country’s next premier, stoking bets on a revival in big spending and loose monetary policy. The Nikkei 225 Index soared 5%…
U.S. stocks ended mixed on Wednesday in a choppy trading session, with the Dow ending higher after the Federal Reserve cut interest rates by a quarter percentage point as expected. However, Federal Reserve Chairman Jerome Powell suggested that the rate cut doesn’t mean the beginning of a long monetary policy easing cycle. The Nasdaq finished…
(Corrects family name of economist in penultimate paragraph to Muguruma, not Muruguma) By Leika Kihara TOKYO (Reuters) -Pressure is mounting within the Bank of Japan to ditch a vaguely defined gauge of inflation as worries about second-round price effects prompt some board members to call for a more hawkish communication of policy and a clearer…
{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…
(Bloomberg) — The risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp. (BAC) strategists. Most Read from Bloomberg The team led by Michael Hartnett said the world policy rate has fallen to 4.4% from 4.8% in the past year…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
HONG KONG, May 8 (Reuters) – The Hong Kong Monetary Authority (HKMA) left its base rate charged through the overnight discount window unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. Federal Reserve Chair Jerome Powell said on Wednesday “despite heightened uncertainty, the (U.S.) economy is still…