SOUTH Korea’s central bank on Tuesday held interest rates steady for a second consecutive meeting, as expected, faced with conflicting risks from still high inflation, a slowing economy and heightened financial uncertainty.
SOUTH Korea’s central bank on Tuesday (Apr 11) held interest rates steady for a second consecutive meeting, as expected, faced with conflicting risks from still high inflation, a slowing economy and heightened financial uncertainty.
SOUTH Korea’s central bank on Tuesday (Apr 11) held interest rates steady, and warned against expectations for a rate cut within this year, saying that cooling-but-still-high inflation posed a bigger risk than an economic slump.
SILICON Valley investment firm Eclipse has raised US$1.2 billion for two new funds, both dedicated to backing startups trying to modernise physical industries.
US TREASURY Secretary Janet Yellen on Wednesday will host a roundtable discussion on further steps to evolve the World Bank and other development lenders to tackle climate change and other global crises beyond a US$5 billion annual World Bank lending expansion, the Treasury said.
FEDERAL Reserve Bank of New York president John Williams rejected the idea that the central bank’s aggressive interest-rate increases precipitated recent financial strains highlighted by the failure of a large US bank.
WALL Street stocks declined early Monday (Apr 10) as markets digested the latest US jobs data and prepared for key inflation updates, on top of bank earnings in a news-heavy week.
MOST Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month’s regional banking crisis and a slowing economy expected to hurt profitability.
