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HONG KONG, Jan 15, 2021 (AFP): Joe Biden's US$1.9 trillion stimulus proposal was met with a shrug in Asia on Friday as observers said the massive spending spree had been largely factored into valuations, though optimism about the long-term economic outlook continued to provide support.
SHANGHAI, Jan 15 (AFP): China's economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of economists, but finished the year strongly on an accelerating coronavirus recovery.
WASHINGTON, Jan. 14 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell said on Thursday that the Fed should be careful not to prematurely discuss an exit from ultra-easy monetary policy as the U.S. economy is "far from" the central bank's goals.
LISBON, Jan. 14 (Xinhua) -- Portuguese President Marcelo Rebelo de Sousa said here on Thursday that an increase in his country's indebtedness was "inevitable" as a result of the COVID-19 pandemic and the measures to reactivate the economy.
FROM Munich to Frankfurt, and Toronto to Hong Kong, housing bubbles have either grown bigger through the pandemic or refused to deflate. Singapore’s property, though, is in a sweet spot of affordability, making it a likely target of an investment frenzy.
TOKYO: Bank of Japan governor Haruhiko Kuroda yesterday reaffirmed the bank’s readiness to expand monetary stimulus if the coronavirus pandemic threatened to derail a fragile economic recovery.
LONDON: Eurozone monetary policy is subsidising the finance industry to such a degree that national central banks are having to curtail the cash distributions they normally hand to governments.
HONG KONG (AFP): Asian markets mostly enjoyed fresh gains Thursday (Jan 14) as investors await Joe Biden's proposals for a vast new stimulus as well as comments from the head of the Federal Reserve on its policy outlook.
KUALA LUMPUR: Nor Zahidi Alias has been appointed as an external member of Bank Negara Malaysia’s Monetary Policy Committee (MPC) for a two-year term, effective Jan 1.