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WELLINGTON: New Zealand’s central bank raised interest rates for the first time in seven years and signaled further increases will likely be needed to tame inflation
THE 10-year US Treasury yields (UST10), which act as a key reference point for global assets around the world, fell to 1.18% earlier in August following a sharp rise of debt prices.
UNITED STATES consumer prices jumped more than expected in May, up 5.4% on a year-on-year (y-o-y) basis, the highest since the summer of 2008, when oil prices were skyrocketing.
BEIJING: China’s foreign exchange (forex) regulator highlighted specific measures to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the yuan exchange rate regime.
The stronger-than-expected U.S. economic rebound from coronavirus lows could set up an early test for the Federal Reserve's new pledge to keep interest rates near zero and its increased tolerance for inflation.
SINGAPORE: Thai shares languished at a six-month low on Monday as escalating anti-government protests threatened to further erode investor confidence in the country and heaped further pressure on the region's worst performing stock market this year.
BEIJING: Activity in China's factories extended solid growth in September as payrolls expanded for the first time this year and overseas demand surged, a private survey showed on Monday, adding further momentum to an economy recovering from the coronavirus crisis.
BANGKOK: Economic indicators for August show significant improvement from July but suggest the economy is still contracting, according to the Finance Ministry.
KUALA LUMPUR: The Department of Statistics Malaysia (DoSM) Report which says that about 12.7 million or 83.5% of employees as of June 2 have returned to work, evidently shows that economic activities and services are recovering, said Tengku Datuk Seri zafrul Tengku Abdul Aziz.