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Asia: Markets struggle as US data dents Fed rate cut optimism
ASIAN markets mostly fell on Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest...
US: Wall Street rises as chipmakers rally, Fed bolsters rate cut bets
THE tech-laden Nasdaq led Wall Street higher on Thursday (Mar 21) as chip stocks rallied following Micron Technology’s upbeat forecast, while investors took comfort in the Federal Reserve sticking...
Singapore shares rally after US Fed commits to rate cuts
SINGAPORE shares rallied after the US Federal Reserve overnight made clear its commitment to three rate cuts, putting the flattish performance in the past few days behind them. The...
Taiwan central bank raises benchmark rate in surprise move
TAIWAN’S central bank surprised markets by raising its policy rate on Thursday (Mar 21), and also lifted its inflation forecast for the year as inflationary pressures persist. The central...
Wary of inflation, Taiwan central bank raises key rate in surprise move
TAIWAN’S central bank surprised markets by raising its policy rate on Thursday (Mar 21), wary of continued inflationary pressures and ahead of an expected rise in electricity prices next...
Swiss National Bank surprises with quarter point interest rate cut
THE Swiss National Bank cut its main interest rate by 25 basis points to 1.5 per cent on Thursday (Mar 21), a surprise move which made it the first...
Bank of England to hold rate despite slowing inflation
THE Bank of England (BOE) is widely expected to keep its main interest rate at a 16-year high on Thursday (Mar 21), rejecting a cut as inflation remains well...
Gold hits record high as US Fed sticks to three rate cuts in 2024
GOLD prices surged to a record high on Thursday (Mar 21) after the US Federal Reserve left interest rates unchanged in a widely expected move and stayed on track...
