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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
