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Asian markets mixed as record China data fails to impress
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.
Coming US economic boom seen boosting Vietnam most in Asia
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.
Powell says economy poised for stronger growth
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.
Fed chair says cyberattacks main risk to US economy
Federal Reserve chairman says a large-scale cyberattack now a bigger worry than a repeat of the 2008 financial crisis.
IMF chief: US-China cooperation vital for faster global recovery
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).
Ringgit slips against greenback as US Fed signals recovering economy
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.
More needs to be done to shore up weaknesses
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.
Hedge funds boost short yen bets to highest in two years
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.
