Tech, banks stocks drag indexes down Treasury yields rise Gold, crypto sells off Oil dips in choppy trading Aug 19 (Reuters) – U.S. stocks fell and the dollar rose on Friday, even as Treasury yields gained, with traders anxious about inflation and what the Federal Reserve will do to combat it. With higher rates looming,...Read More

Probably one of the most bizarre outcomes of our political process in recent years has been the deterioration of our relationship with China, as we have ignored the significance of the Chinese economy to our own. Much of the discussion about China has distracted from the fact that the Chinese economy may well be in...Read More

Comment on this story Comment Take, make, use, dispose. For decades, this has been the standard approach to production and consumption. Companies take raw materials and transform them into products, which are purchased by consumers, who ultimately toss them out, creating waste that ends up in landfills and oceans. Worried about climate change and environmental...Read More

KUALA LUMPUR: The ringgit ended at its lowest since early January 2017 against the US dollar as risk-off sentiment gathered pace after the US Federal Reserve’s (Fed) July meeting minutes suggested that the trend toward higher interest rates would continue. The Fed said inflation remains high despite aggressive rate hikes, reaffirming its plans to continue...Read More

August 18, 2022 The Conference Board’s US Leading Economic Index fell for the fifth consecutive month in July, suggesting no economic growth in the third quarter and elevated recession risk by the end of the year. It fell 0.4% in July to a level of 116.6 (2016=100). The dip follows a decline of 0.7% in...Read More

© AP Target said it was “planning cautiously” for the remainder of the year after the US retailer’s efforts to offer discounts to customers and move inventory prompted a larger than forecast drop in second-quarter profit. The company spooked investors in June when it announced its second profit warning in less than a month and...Read More

The Taliban seized control of Afghanistan’s capital Kabul in August last year, after the withdrawal of U.S. troops in the country following nearly two decades of war. Paula Bronstein. | Getty Images News | Getty Images Humanitarian aid to Afghanistan is not enough to sustain its economy and more investments are needed to support the...Read More

The USD has moved a little lower after the FOMC meeting minutes. The Fed anticipates further rate hikes, but is more data dependent and comments that it would likely to be appropriate to slow tightening pace at some point. The last comment did not have to be made, but was indicative of getting closer to...Read More

Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach that reins in the price increases that have been driving inflation, while encouraging investments to overcome chronic supply chain issues. The current...Read More

The United States of America did it again. After leaving Afghanistan in chaos, the visit of Nancy Pelosi, Speaker of the US House of Representatives to Taiwan, has created a stir in Asia and economic concerns across the globe.  On 02 August 2022, Pelosi said that the United States delegation’s visit to Taiwan honours America’s...Read More