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HONG KONG (AFP): Asian markets rose Thursday (Sept 23) as concerns about the collapse of troubled property giant Evergrande receded for now, while investors were also cheered by a Federal Reserve plan to begin scaling back its ultra-loose monetary policy soon.
WASHINGTON: The Federal Reserve said on Wednesday it will likely begin reducing its monthly bond purchases as soon as November and signaled interest rate increases may follow more quickly than expected as the U.S. central bank's turn from pandemic crisis policies gains momentum.
Asian stock markets followed Wall Street down on Wednesday after US inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant.
BEIJING: China Evergrande Group may undergo one of the country’s biggest-ever debt restructurings, if the developer’s distressed-level bond prices are any indication.
THE European Central Bank (ECB) will slow the pace of its pandemic bond-buying programme in the final quarter of 2021, a shift president Christine Lagarde insists isn’t a move heralding a wind-down in stimulus for the eurozone’s still-vulnerable recovery.
Asian stock markets rose on Tuesday after China reported stronger exports in August than expected while investors awaited decisions from European and other central banks on when stimulus might be wound down.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (Sept 6)
HONG KONG (Reuters): Hong Kong media group Next Digital Ltd announced on Sunday (Sept 5) that it aimed to go into liquidation and its board of directors had resigned to facilitate the process.
Fed fascination may lead to ignoring European economic signs