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Fed pledges patience, says easy policy appropriate
WASHINGTON: U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes and the economy surges on its own.
One year on from EU climate law, Brussels defends emissions plan
BRUSSELS (Reuters) - European Union plans to cut emissions at least 55% this decade are in line with science and globally agreed climate targets, the bloc's green policy chief said on Thursday, as lawmakers and member states continue to wrangle over the goal.
Aston Martin boss Stroll has big plans for F1 team and brand
LONDON (Reuters) - Lawrence Stroll is new to Formula One team ownership but when he says he is in it to win it with Aston Martin, and believes he can, he speaks as someone who has been around the sport for decades.
Insight - Policy credibility is hard to earn and easy to lose
SOME emerging markets managed to stage a great escape from the ravages of Covid-19 by deploying all sorts of clever and ambitious monetary policy tools
Asia markets resume losses as inflation fears take hold again
HONG KONG (AFP): Asian investors retreated as the rollercoaster ride on global markets continued, with fears over inflation winning the tug of war with vaccine optimism on Thursday (March 4).
'Weapon' Meredith makes big impression for Australia in Wellington
WELLINGTON (Reuters) - Australia are not short of fast bowlers jostling for room in the Twenty20 World Cup squad, but selectors' headaches intensified on Thursday after Riley Meredith's stirring debut against New Zealand.
Personal wealth of billionaires up 32% in 2020
SHANGHAI: Despite the Covid-19 pandemic, billionaires across the world saw their wealth rise by 32% to US$14.7 trillion last year, with individuals from China dominating the rankings, a new study has said.
KLCI climbs in early trade amid mixed broader market
KUALA LUMPUR: Blue chips edged higher in early Wednesday trade, underpinned by gains in PPB Group and Tenaga Nasional but buying interest was still limited.
Hang Seng Index big revamp: Winners and losers
HONG KONG: One of the biggest-ever revamps for Hong Kong’s benchmark Hang Seng Index will benefit the likes of Alibaba Group Holding Ltd and Xiaomi Corp while some current heavyweights could face selling pressure, according to analysts and fund managers.
