Markets

U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lower-for-longer may support bulging asset prices - which is unlikely to benefit the neediest and could well widen the wealth gap in the near term.

In a luxury mansion in the Hollywood Hills, young TikTok influencers bounced around on a bright sunny morning this week trying out new ideas for zany short form videos that they hope will go viral.

REUTERS: One of the fundamental theories of modern economics may have finally been put to rest. In the several years before the coronavirus pandemic took hold of the global economy, Federal Reserve policymakers watched as the U.S. unemployment rate fell lower and lower and waited for the jump in...

Of the many tragedies in the U.S. coronavirus epidemic, among the largest was that the nation's four economic powerhouses - California, Florida, New York and Texas - bolted to opposite corners early in an often politicized response to the crisis.

Raised in a white-collar Washington suburb, a product of prep schools, elite colleges and the 1per cent world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class.

More than 100 British lawmakers have joined forces with trade union Unite to urge the government to provide extra state support to airlines and airports as travel slumps due to the coronavirus pandemic and job losses increase.

SINGAPORE: The Government will tighten coordination between its economic and social policies to ensure that Singaporeans can have access to jobs and opportunities in the post COVID-19 economy, said Deputy Prime Minister Heng Swee Keat on Friday (Aug 28). This is part of its efforts to more ...

SINGAPORE: The Government will take steps to strengthen its revenue position like raising the Goods and Services Tax (GST), but it will “carefully monitor” the timing of such moves by considering the state of the economy and spending needs, said Deputy Prime Minister Heng Swee Keat on Friday (Aug...

UBS has hired Pascal Emile as head of Europe, Middle East and Africa Technology for its Wealth Management and Personal & Corporate Banking (WMPC) business from rival Swiss bank Credit Suisse , according to an internal memo seen by Reuters.

TOKYO: Japanese Prime Minister Shinzo Abe's signature shock-and-awe 'Abenomics' stimulus strategy was already faltering even before his decision on Friday to step down due to health reasons. That blunt assessment by many Japan observers underlined the daunting political challenge Abe has faced in ...