In search of the less grim version of monetary hell

POLICY makers are fighting the devil in front of them rather than the goblin lurking around the corner.

Stagflation danger stalks global economy beset by war fallout

LONDON: The world economy is increasingly succumbing to the threat of stagflation reminiscent of its 1970s ordeal, a mounting headache for global finance chiefs already navigating the fallout from the war in Ukraine.

Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears

The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession.

Asian markets plunge after Wall St battering

HONG KONG (AFP): Asian markets posted big early losses Thursday (May 19), after Wall Street suffered one of its worst batterings in two years in the previous session.

Ringgit hits 4.4 against US$, lowest since March 2020

KUALA LUMPUR: The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

Wall Street ends sharply lower as Target and growth stocks sink

Dow sinks over 1,100 points in worst day since 2020

NEW YORK, May 18 (Xinhua) -- U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation.

U.S. dollar rises after Fed chair's hawkish remarks

NEW YORK, May 18 (Xinhua) -- The U.S. dollar strengthened in late trading on Wednesday as market participants digested the hawkish comments from Federal Reserve Chairman Jerome Powell.

Gold falls as U.S. dollar rises

CHICAGO, May 18 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as the U.S. dollar strengthened.

News Analysis: Americans shell out cash on retail, despite record inflation

by Matthew Rusling