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  • Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

    Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats0

    Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for

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  • Germany Leads Big Bond Rally As Inflation Finally Heads Down

    Germany Leads Big Bond Rally As Inflation Finally Heads Down0

    Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week. Alongside British and

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  • Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward

    Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward0

    Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill to suspend the debt ceiling late-Wednesday, pushing it forward to the Senate

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  • Economic Development In Asia Still Faces Many Challenges, China Minister Says

    Economic Development In Asia Still Faces Many Challenges, China Minister Says0

    Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid wider global trade rifts and

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  • Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag

    Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag0

    Japanese stocks moved back towards a 33-year high on Friday, outpacing their Asian peers amid increased optimism over chipmaking stocks, while Chinese markets lagged as investors fretted over slowing economic growth and worsening U.S. ties. Broader Asian stocks also ticked lower in anticipation of more cues on the U.S. debt ceiling and a potential default.

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  • Six Pacific Countries At High Risk Of Debt Distress – World Bank

    Six Pacific Countries At High Risk Of Debt Distress – World Bank0

    Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga

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