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13876 articles published since 08 Mar 2022
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Asia tracks Wall St losses as US data deals blow to rate cut hopes
Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.
Australia PM unveils plan to overhaul economy, invest in green energy
Mining superpower Australia will on Thursday announce a US-style scheme to pour public money into manufacturing and clean energy industries, joining the global race to build a cleaner and more resilient economy.
Germany's Scholz between tough talk and trade on China trip
Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing. Scholz himself has characterised his approach as "derisking", urging companies not to "put all your eggs in one basket" and to nurture ties with other trading partners.
ECB seen holding interest rates one last time
The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases. The Swiss National Bank kicked off the rate-cutting cycle last month when it lowered its main rate by 0.25 percentage points -- becoming the first major central bank to do so.
Panama plans dry alternative to drought-hit canal
Panama on Wednesday unveiled plans for a "dry canal" to move cargo between the Pacific and Atlantic oceans due to low water levels in its century-old maritime channel. Honduras presented an ambitious project for a freight railroad between the Pacific and the Atlantic in February, although it currently lacks the financing to build it. fj/dr/bfm
US Fed officials raised inflation concerns, but still expected rate cuts in 2024: minutes
US Federal Reserve officials raised concerns at their March interest rate meeting about the recent "broad-based" rise in inflation, but still said they expected cuts to start this year, according to minutes of the meeting published Wednesday.
Delta eyes record Q2 on still-strong demand
Delta Air Lines reported another round of strong earnings on Wednesday as it forecast a record second quarter based on consistently strong travel appetite. Delta reported first-quarter profits of $37 million compared with a loss of $363 million during the same period last year.
US consumer inflation accelerates in March, dampening rate cut hopes
US consumer inflation continued to accelerate last month, according to US government data published Wednesday, reducing the chances of an early interest rate cut from the Federal Reserve.
New Binance chief stresses importance of compliance
The new CEO of the world's top crypto platform stressed the importance of regulatory compliance for Binance's future success, months after its former chief executive pleaded guilty to violating US anti-money laundering laws and it paid $4.3 billion to settle charges.
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