SHANGHAI Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black.
TOKYO Japan's healthy economic growth should allow its central bank to whittle down its massive stimulus programme, even before inflation hits its 2 percent target, Koji Ishida, a former Bank of Japan board member, said.
TOKYO Japan and China are in talks to resume a currency swap arrangement between their central banks and expand it roughly 10-fold, people with direct knowledge of the matter said, in a sign of warming ties between Asia's two biggest economies.
"Not thrilled" may become a regular state of mind for U.S. President Donald Trump in the months ahead, as the Federal Reserve is likely to press on with interest rate rises to recalibrate policy for an economy boosted by the president’s own tax cuts.
LONDON Britain has extended its lead in the global currency trading business in the two years since it voted to leave the European Union, in another sign London is likely to continue to be one of the world's top two financial centres even after Brexit.
NEW YORK Global equity markets rose on Tuesday, with the S&P 500 setting a record high, fuelled by strong earnings and economic growth, while the dollar weakened after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates.
NEW YORK The sell-off of the dollar continued through Tuesday, following U.S. President Donald Trump's criticism of the chairman of the Federal Reserve for raising interest rates in an interview with Reuters on Monday.
LONDON The British pound rose towards a two-week high on Tuesday after the dollar fell following comments from U.S. President Donald Trump that he was unhappy with the Federal Reserve for raising interest rates.
WASHINGTON U.S. President Donald Trump said on Monday he was "not thrilled" with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. | Video
WASHINGTON/SAN FRANCISCO The U.S. Federal Reserve, deep into a cycle of rate hikes it hopes to continue into 2020, now faces emerging risks from abroad that could short-circuit its plans.