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German inflation comes in at 2.4% for April, statistics office says Germany’s consumer price index rose 2.4% in April compared to a year ago, the German statistics office said Monday. …
Jerome Powell
Stripe co-founder says high interest rates wiped out ‘wackiest’ ideas
Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe’s co-founder says it was needed. “Broadly speaking, the effects of higher rates have been quite …
New World Development puts 18 units up for sale at its recently completed Cheung Sha Wan office tower
Hong Kong property developer New World Development (NWD) is selling 18 units in a recently completed grade A office project in Kowloon. The project, located at 83 Wing Hong Street …
Opinion | Why higher-for-longer interest rates may not be bad news for Asian property
At the beginning of this year, futures markets were pricing in six quarter-point cuts in US interest rates in 2024. The Federal Reserve, the world’s most important central bank, expected …
Breaking down the market sell-off and odds this 5% pullback turns into a 10% correction
From relentless rally to persistent pullback, five straight winning months without a 2% decline were then followed by three straight down weeks, featuring a rare six-day S & P 500 …
China unloads more US Treasury bills as odds of Fed rate cuts grow slim
Worries over security and a further delay to expected interest rate cuts by the Federal Reserve have depleted Beijing’s appetite for US Treasury bills, and its position as the second-largest …
High company valuations a ‘worry,’ IMF’s capital markets chief says
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the …
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in …
Biden and Japan’s Kishida forge new partnership, eyeing China and Russia
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Wednesday unveiled plans for military cooperation and projects ranging from missiles to moon landings, strengthening their alliance with an …
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year. At …