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G7 countries determined to rein in rising inflation
FRANKFURT, May 20 (Xinhua) -- The Group of Seven (G7) countries are determined to rein in the spiraling inflation, German Finance Minister Christian Lindner said on Friday.
The allure of foreign stocks
Seasoned investors say the biggest risk of buying overseas shares is the lack of knowledge
China banks cut key rate by record to boost ailing economy
CHINESE banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
ECB’s Visco says July ‘perhaps’ right time for first interest rate hike
THE European Central Bank (ECB) might be ready to increase interest rates for the first time in more than a decade in July, says Governing Council member Ignazio Visco.
G7 offers $9.5 billion new aid for Ukraine, ready with more
KOENIGSWINTER, Germany (Reuters) -The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.
KLCI closes at day's low, ringgit strengthens 0.32%
KUALA LUMPUR: The FBM KLCI gave up early gains to close at the day's low on Friday, while the ringgit climbed marginally against the US dollar.
Oil falls on uncertainty over fuel demand recovery
OIL prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.
IMF urges Asia to be mindful of spillover risks from tightening
TOKYO: Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary Fund(IMF) Deputy Managing Director Kenji Okamura said.
Japan, guarding against weak yen, urges G7 reaffirm FX agreement
BONN, Germany: Japan called on other G7 countries to reaffirm the group's agreement on exchange-rate policy, Finance Minister Shunichi Suzuki said on Thursday, a sign Tokyo remained on guard against the risk of further sharp declines in the yen.
Egypt raises interest rates to curb inflation
CAIRO, May 19 (Xinhua) -- The Central Bank of Egypt (CBE) decided on Thursday to raise its interest rates amid a global wave of inflation and hiking prices.
