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WASHINGTON, Sept. 18 (Xinhua) -- Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said on Friday that the central bank's new forward guidance on interest rates could have been stronger to avoid premature tightening of monetary policy.
THE volatile market action over the past 24 hours shines a spotlight on an important question for investors: Have markets lost part of the liquidity anchor that not only allowed them to brush off a number of negative influences but also pulled stocks higher to one record after the other?
TOKYO (AP): Asian shares were mostly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street.
WASHINGTON: The U.S. Federal Reserve said on Thursday it would decide by the end of September if it would continue capping bank dividend payments and laid out two hypothetical severe recessions it will use to test further big bank resilience amid the coronavirus pandemic.
NEW YORK: U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims
THE first development phase of the sprawling RM140bil Bandar Malaysia project (pix) will start early next year, according to its master developer.
THE recent obsession with seemingly modest euro exchange-rate gains has more to it than meets the eye.