Business News Asia
The Reserve Bank of India (RBI) is reportedly buying dollars through state-owned banks to prevent the rupee from appreciating above the psychological level of 81 rupees per dollar, according to traders cited by Reuters. The rupee last traded at 81.125…
On Friday, January 13th, the stock market saw a positive trend with the Dow Jones Industrial Average, S&P500, and Nasdaq all closing higher. This upward movement in the stock market was likely driven by strong quarterly results from bank stocks.…
The Dow Jones Index reacted to the non-farm employment report, and the U.S. services PMI, suggesting that inflation has peaked and could be a factor that leads the Federal Reserve (Fed) to delay raising interest rates. — Crude oil futures…
— The Dow Jones closed lower Friday (Dec. 16), falling for the third straight day and losing for the second week in a row. Investors are increasingly concerned that the Federal Reserve’s (Fed) rate hike to curb inflation will plunge…
Star investor Bill Ackman is betting heavily against the Hong Kong dollar because he believes that the link between the Hong Kong dollar and the U.S. dollar no longer makes sense for Hong Kong. On Twitter, he wrote: “We have…
The Dow ended Friday’s trading session in the plus with the big tech stocks mixed and energy stocks due to falling oil prices mostly in the red. The markets evaluate the statements of Fed officials, the majority of whom consider…
The Dow Jones closed higher, still supported by hopes that the U.S. Federal Reserve (Fed) would slow interest rate hikes after lower-than-expected U.S. inflation data in October. Crude oil futures closed higher. This was supported by China’s announcement to ease…
The Dow Jones Industrial Average closed more than 800 points higher after the release of the personal consumption expenditures (PCE) index, suggesting that U.S. inflation may have peaked. This could ease pressure to accelerate the Federal Reserve (Fed) rate hike,…
The Dow closed up more than 700 points after it was announced that the U.S. Federal Reserve (Fed) is likely to discuss a lower interest rate hike in December. This raises hopes that the Fed could make its monetary policy…
The New York Dow closed more than 400 points lower as markets remained under pressure from rising inflation expectations that would prompt the Federal Reserve to raise interest rates more aggressively and could lead to a recession in the U.S.…
