finance

Analysis: Fed’s “big tent” framework may fray under inflation surge

The U.S. Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best…

4 years ago

China urges banks, Alipay to crack down harder on cryptocurrencies

China's central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS)…

4 years ago

Asian stocks drop as Fed shift reverberates; Treasury yields slide

Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S.…

4 years ago

Global banks in Hong Kong push to get staff back to office

Global banks are moving faster in Hong Kong to get staff back to office versus in other major centres, given…

4 years ago

Europe’s Wizz Air expects to fully recover from pandemic next year

European budget carrier Wizz Air (WIZZ.L) expects to fully recover from the coronavirus crisis as travel demand rebounds from the…

4 years ago

Boral sells U.S. products business after rejecting Seven bid

Australia's Boral Ltd (BLD.AX) said it would sell its North American building products business to a unit of NYSE-listed Westlake…

4 years ago

Dollar loses some steam after Fed boost; bitcoin tumbles

The dollar dipped on Monday against major currencies, but broadly held most of the previous week's gains after the Fed's…

4 years ago

Volvo Car partners with Northvolt to develop and produce batteries

Volvo Car Group, owned by China's Geely Holding (GEELY.UL), announced plans on Monday for a joint venture with Swedish battery…

4 years ago

Wall St Week Ahead Fed shift causes rally in value stocks to wobble

The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a…

4 years ago

Oil prices firm on summer demand as Iran talks drag

Oil prices edged higher on Monday, underpinned by strong demand during the northern hemisphere summer driving season and a pause…

4 years ago