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SINGAPORE: Asian central banks moved aggressively on Saturday (March 14) to counter the market carnage on Friday, pumping liquidity into the financial system and discussing emergency action to fight the global economy’s biggest threat since the financial crisis.
SINGAPORE: Central bankers across Asia-Pacific must consider whether they can afford to wait until their next scheduled policy meetings or respond sooner to mounting global risks from the coronavirus outbreak and oil-price plunge.
BEIJING (AP): Global stock markets followed Wall Street lower Friday (Feb 21) after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak.
SINGAPORE: Southeast Asian central banks signaled strong policy action this week to counter a hit to their economies from the new coronavirus.
SINGAPORE: Emerging markets are gearing up to ride a risk rally in the final full week of December, with a troika of uncertainties all but lifted from traders’ radars.There’ll be plenty of caution around, though.
Facebook Inc.’s idea of a global cryptocurrency may get demoted to something more humble. You can almost hear a collective sigh of relief from Asian central banks.
Don’t expect Asia to take many leads from Federal Reserve Chairman Jerome Powell’s signal that further US interest rate cuts are coming.
Dubai: Investors will be hanging on Jerome Powell’s every word this week for clues as to whether the current nervousness gripping emerging markets is justified.Dubai: Investors will be hanging on Jerome Powell’s every word this week for clues as to whether the current nervousness gripping emerging markets is justified.
SINGAPORE: Singapore slashed its full-year economic growth forecast on Tuesday, as global conditions were seen worsening and final second quarter data showed the economy shrank 3.3% on the quarter