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WASHINGTON: Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
PETALING JAYA: The solid performance by most banks in the first quarter (Q1) of the year puts the banking sector on track for robust earnings growth over the next two years.
ECONOMIC activities were picking up momentum, but all are hit by the recent surge in Covid-19 infections.
RHB Economics Research is maintaining its 2021 GDP growth forecast at 5.4% YoY versus the -5.6% contraction last year, despite the full lockdown to be imposed as of June 1,2021.
SHANGHAI: China's benchmark lending rate is widely expected to stay unchanged for the 13th straight month at its May fixing on Thursday, a Reuters survey showed.
MANILA: The Philippines’ economy is struggling to gain momentum as elevated numbers of Covid cases hamper reopening efforts and destroy jobs.