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Business 08 Jul 2019 | 10:11 AM

Asean stocks fall as strong US jobs data softens aggressive rate-cut hopes

SINGAPORE: Southeast Asian stock markets fell on Monday, with Singapore shedding 1%, as strong US jobs data for June tempered hopes of sharp rate cuts by the US Federal Reserve.

Business 08 Jul 2019 | 12:50 AM

Asian shares subdued on dampened US rate cut outlook

SYDNEY: Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country's president dismissed its central bank governor over the weekend.

Business 08 Jul 2019 | 12:00 AM

US investors reluctant to abandon cyclical plays

NEW YORK: Even as record highs last week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.

Business 06 Jul 2019 | 1:19 PM

Trump says Fed 'doesn’t have a clue’

NEW YORK: President Donald Trump renewed his attacks on the Federal Reserve, suggesting the central bank is harming U.S. interests out of ignorance.

Business 06 Jul 2019 | 2:54 AM

Weekahead: World markets themes

Some of the main themes likely to influence investors next week

Business 05 Jul 2019 | 11:36 PM

US job growth surges, July rate cut expectations intact

WASHINGTON: U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.

Business 05 Jul 2019 | 11:00 PM

Wall Street dips as rate cut expectations relax

NEW YORK: U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting

Business 05 Jul 2019 | 12:52 PM

US job growth surges, but wage growth remains tepid

WASHINGTON (Reuters): US job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.

Business 05 Jul 2019 | 2:21 AM

Market anticipates positive movement for ringgit

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, but the market anticipated the local notes to trade a shade higher, heading towards the 4.12 level.

Business 05 Jul 2019 | 1:01 AM

Asian shares near two-month highs ahead of US payrolls

SYDNEY: Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited U.S. employment data, a key release that could make or break market expectations about aggressive policy easing by the Federal Reserve