Reserves
China’s gold reserves unchanged for fifth straight month in September
CHINA’S central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday (Oct 7), mainly due to a...
Federal Reserve’s Cook says she ‘wholeheartedly’ supported half-point rate cut
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment.“I whole heartedly...
Quick takes on US Federal Reserve’s half-point cut
THE US Federal Reserve has cut rates by 50 basis points (bps), a move aimed at boosting a cooling job market while continuing to push down on inflation.Fed chair...
Hot stocks: US office S-Reits rise on Federal Reserve’s rate cut
PURE-PLAY US office real estate investment trusts (Reits) listed in Singapore were trading in positive territory on Thursday (Sep 19) morning, following interest rate cut of 50 basis points...
Federal Reserve’s Bostic says it is ‘time to move’ on rate cuts, but wants to be sure
FEDERAL Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be “time...
Federal Reserve’s dovish shift a mixed blessing for Bank of Japan rate hike plan
THE US Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to...
China asks state companies to add 60 million barrels of oil to reserves
CHINA has asked its state oil companies to add 8 million tonnes, or nearly 60 million barrels, of crude oil to the country’s emergency stockpiles to boost supply security,...
China sets up new state body to drill deep for oil and gas reserves
This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” that will contribute to the country’s energy securityChina is setting up a...
