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Path ahead for U.S. economy continues to be "highly uncertain": Fed chief
WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
Brazil's financial market forecasts 5.05 pct drop in GDP in 2020
BRASILIA, Sept. 21 (Xinhua) -- Brazilian financial analysts reduced their forecast contraction in economic growth for 2020, from 5.11 to 5.05 percent, but kept next year's growth projection at 3.5 percent for the 16th week in a row, the Central Bank of Brazil said on Monday.
Leweko proposes rights issue
KUALA LUMPUR (Bernama) -- Leweko Resources Bhd's proposed rights issue will allow the company to preserve funds for its construction division as the management expects its construction activities to increase in the near term.
Land to lose: Coronavirus compounds debt crisis in Cambodia
SIEM REAP, Cambodia, Sept 21 (Reuters): As dark clouds approached her village in northwestern Cambodia one afternoon in July, Set Sreylon prepared for the monsoon that threatened to flood her new family home.
Roundup: U.S. equities post 3rd straight weekly loss amid tech struggle, Fed decision
NEW YORK, Sept. 19 (Xinhua) -- Wall Street's major averages declined for a third straight week as investors continued to dump some tech-related shares while digesting the U.S. Federal Reserve's latest decision on monetary policy.
Tens of thousands join anti-government rally in Thai capital
BANGKOK, Sept 19 (Bloomberg): Tens of thousands of people gathered at Bangkok’s Thammasat University campus Saturday for what is expected to be the biggest anti-government protest since the 2014 military coup.
U.S. Fed's new forward guidance on rates could have been stronger: Fed official
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.
Albania's economy strongly hit by COVID-19 in H1: official
TIRANA, Sept. 18 (Xinhua) -- Albania's economy was strongly affected by the COVID-19 pandemic during the first half of this year, Gent Sejko, governor of the Bank of Albania (BoA), said during a videoconference with representatives of the International Monetary Fund (IMF).
Are stocks losing some of their liquidity momentum?
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?
Indonesia’s lawmakers call for caution over central bank reform
INDONESIAN lawmakers called for caution over proposals to reform the central bank amid investor worries the changes would erode its independence.
