Asian Stocks Decline Amid Renewed Focus on Fed Rate Hikes: Market Overview
The upswing in Asian equities came to a halt as Treasury yields surged, driven by US inflation data that reinforced expectations of Federal Reserve interest rate hikes. In addition, the…
Shifting Sentiments Shake Treasury Market Amidst Federal Reserve’s Monetary Policy Uncertainty
The U.S. Treasury market finds itself in a state of flux as shifting sentiments about the Federal Reserve's monetary policy path leave investors scrambling to anticipate an eventual peak in…
“Asset Managers Capitalize on ETF Demand with Active Funds and Conversions”
Established asset managers, who initially hesitated to embrace the ETF trend, are now entering the market by launching new ETFs and converting existing mutual funds into ETFs. Notable firms like…
Taiwan Urges EU Progress on Investment Deal Amid Chip Industry Collaboration
A Taiwanese minister has called upon the European Union to make substantial progress in negotiations for a long-delayed investment deal. This appeal comes as the EU actively seeks closer connections…
“Global Markets Reach Three-Week High Amid Escalating Rate Debate”
World markets saw an increase in share prices, while the dollar and bond market interest rates remained stable on Thursday, as the focus turns to U.S. inflation data and the…
Malaysia Dismisses Goldman Sachs’ Claims in 1MDB Arbitration Legal Dispute
The Malaysian government has rebuffed claims made by Goldman Sachs in its lawsuit alleging that Malaysia violated a settlement agreement related to the 1MDB corruption scandal. Goldman Sachs previously agreed…
The Israel-Hamas Conflict Casts a Shadow on the Fragile Global Economic Outlook, Warns IMF Chief
MARRAKECH, Morocco (Reuters) - Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), expressed deep concern on Thursday about the Israel-Hamas conflict and its potential to further dampen…
Tata Consultancy Services (TCS) has issued a warning about the weakening technology spending environment in the United States following disappointing earnings.
The company reported a 7.9% increase in sales to 596.9 billion rupees and an 8.7% rise in net income to 113.4 billion rupees ($1.4 billion) for the quarter ending in…
China Implements Ban on New Offshore Brokerage Accounts to Tighten Capital Controls
HONG KONG (Reuters) - In an unprecedented move, China has issued an official notice barring domestic brokerages and their overseas subsidiaries from accepting new mainland clients for offshore trading, as…
Calls for Increased IMF and World Bank Funding to Address Climate and Conflict Challenges in Africa
ABUJA, Nigeria (AP) — Many impoverished African countries are grappling with the severe impacts of climate change, including prolonged droughts, extreme heat, and arid land, along with unpredictable rainfall and…
