When COVID-19 presented a global health emergency more than three years ago, it also exposed weaknesses in health financing that led to delays and inequities in distributing essential vaccines, tests, and treatments for low- and middle-income countries. This week, DFC and leading development finance institutions announced a sweeping collaboration to address those challenges and ensure […]
The dollar moved slightly lower on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while sterling slid on increased bets the Bank of England (BoE) will pause its historic run of interest rate hikes. The U.S. dollar index, which measures the currency against a basket of rivals, inched […]
Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 297 points, or 0.9%. The S&P 500 slid 0.7%, while the Nasdaq Composite dropped 0.8%. Deere, often seen as a barometer of future economic activity, fell more than 2% in the session. […]
Goldman Sachs has lowered its estimate of the peak U.K. interest rate, even as it forecasts a quarter-point increase by the Bank of England on Thursday. Economists James Moberly and Sven Jari Stehn say the U.K. central bank will take rates to 5.5%, from 5.25%, but no longer see one additional rate hike in November. […]
World shares fell while the dollar firmed on Monday as growth concerns tested investors’ mettle ahead of a week brimming with central bank meetings in countries including Norway, Sweden, Switzerland, Britain, the United States and Japan. The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France’s third-biggest […]
Gold recovered from three-week lows on Friday aided by the dollar’s retreat after better-than-expected Chinese data and a stronger euro, while traders focussed on the Federal Reserve’s guidance on interest rates next week. Spot gold was up 0.4% to $1,917.49 per ounce by 1031 GMT, after hitting its lowest since Aug.23 in the previous session. […]
The U.S. dollar was just below a six-month high on Friday, having strengthened overnight following U.S. economic data, while the yen fell to 10-month lows. Markets were adjusting to a new outlook for central bank rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% but signalled the […]
Taiwan’s government on Thursday rejected a plan by China to boost economic integration as a cash grab to boost the country’s “deteriorating” business environment and futile bid to win Taiwanese hearts and minds to support the Communist Party. China, which claims Taiwan as its own territory, on Tuesday unveiled steps to turn coastal Fujian province […]
The UK economy shrank surprisingly sharply in July, as retailers and construction projects were knocked by wet weather, sparking fresh fears of a recession. Experts had forecast a 0.2 per cent decline in gross domestic product (GDP), but official data shows it contracted by 0.5 per cent. The bigger-than-expected slump came after 0.5 per cent […]
Foreign investors sold Asian bonds in August due to a spike in U.S. yields, but analysts see potential inflows to the region as the U.S. Federal Reserve may be nearing the end of its monetary tightening, making yields in Asia attractive once again. According to data from bond market associations and stock exchanges, there was […]