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HONG KONG (AFP): Asian markets fluctuated on Friday (April 16) as record Chinese economic growth figures struggled to add fuel to a Wall Street surge that came on the back of blockbuster reports on US consumer spending and jobless claims.
A surging US economy on the back of massive stimulus and pent-up demand will benefit exporters in Asia, with Vietnam receiving the biggest windfall, according to Bloomberg Economics.
NEW YORK: Federal Reserve chair Jerome Powell says the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat.
Federal Reserve chairman says a large-scale cyberattack now a bigger worry than a repeat of the 2008 financial crisis.
WASHINGTON (Xinhua): Cooperation between the United States and China, the world's two largest economies, would be vital for a faster global recovery from the Covid-19 pandemic, managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday (April 8).
KUALA LUMPUR: The ringgit eased against the US dollar on Thursday after the US Federal Reserve indicated that the US economy will continue to improve, boosting the greenback.
WASHINGTON: US treasury secretary Janet Yellen says a rapid US economic recovery will boost overall global growth, but more work is needed to shore up weaknesses the global Covid-19 crisis exposed in the non-bank financial sector, supply chains and social safety nets.
Emerging Markets: Philippine's inflation eases for the first time in 6-months in March; Asia's currencies higher as US yields retreat
Asia's emerging currencies found some respite on Tuesday as the dollar fell to near two-week low and US bond yields retreated, with South Korea's won and Malaysia's ringgit leading gains in the region.
TOKYO: Hedge funds are the most bearish on the yen in more than two years as expectations for the world’s post-pandemic recovery mount.