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STRASBOURG (Reuters) - The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post.
BEIJING: The People’s Bank of China drained liquidity from the financial system, signaling that officials remain cautious about drastically stepping up the scope of stimulus even after a slew of weak economic data.
LONDON: Many of JPMorgan Chase & Co.’s clients are worried that the rise in bond yields threatens the stock market rally. For the broker and a number of major fund managers it’s actually a blessing.
SINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.SINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Tuesday in line with regional markets as investors continued to reassess their risk parameters following the weekend's events in Saudi Arabia and ahead of the US Federal Reserve decision on its interest rate tomorrow.
KUALA LUMPUR: Foreign funds staged a solid comeback to Bursa Malaysia last week as they turned net buyers after eight straight weeks of selling, according to MIDF Research.
International outcry is mounting over Libra – with central banks, governments and regulators railing against the cryptocurrency.
The massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has global ramifications, particularly for countries in Asia.
BEIJING: China’s slowdown is deepening just as risks for the global economy mount, piling pressure on the authorities to do more to support growth.