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Wall Street finishes up as Fed's Powell soothes inflation fears
NEW YORK: Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries
China shares slump most in 7 months as tightening fears mount
SHANGHAI: Chinese shares closed lower on Wednesday, with the benchmark stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.
Myanmar's military coup creates banking woes
YANGON (AFP): Early bird customers of a military-owned bank queued anxiously as dawn light crept over Yangon, after a strict new limit on daily cash withdrawals fuelled rumours of a money shortage in post-coup Myanmar.
Asian markets drop as rate fears trump Powell reassurances
HONG KONG (AFP): Asian markets suffered fresh losses Wednesday (Feb 24) as concerns about rising inflation and frothy equity prices continued to sap confidence, with investors unmoved by reassurances from Federal Reserve boss Jerome Powell that officials would maintain record-low interest rates for as long as needed.
Majority of Japanese Paralympic groups worried about Olympics, polls show
TOKYO (Reuters) - A majority of Japanese Paralympic sporting groups are worried about holding the Tokyo Paralympics this summer, mainly due to concerns it might help spread the coronavirus and worries about adequate preventive measures, opinion polls found.
Powell says economy still needs Fed support, pushes back on inflation worries
WASHINGTON: Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
Safeguarding privacy of strata property residents
Building management cannot disclose identity of Covid-19 patients, say stakeholders.
A little care for trishaw riders
TOURIST guides in Penang celebrated International Tourist Guides Day this year by handing out care packs to trishaw riders around George Town.
Asian shares mixed amid vaccine optimism, US tech sell-off
TOKYO, Feb 23 (AP): Asian markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street.
Asian stocks advance in commodities-inspired rally
SINGAPORE: Asian shares rebounded from two-week lows on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
