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Asian markets mixed after Fed official floats rate cut delay
Asian markets mixed after Fed official floats rate cut delay
Economy
by  AFP

Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before. That comment came a week after the bank lifted interest rates for the first time in 17 years as it shifts away from its long-running ultra-loose monetary policy.

Saudi Aramco CEO calls energy transition strategy a failure
Saudi Aramco CEO calls energy transition strategy a failure
Economy
by  AFP

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. "In the real world, the current transition strategy is visibly failing on most fronts," Saudi Aramco Chief Executive Amin Nasser said at the CERAWeek conference in Houston.

US Fed official says may be 'appropriate' to lower number of rate cuts
US Fed official says may be 'appropriate' to lower number of rate cuts
Economy
by  AFP

The US central bank should either scale back or delay its interest rate cuts in response to "disappointing" inflation data, a senior Federal Reserve official said Wednesday. "In my view, it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the recent data," Fed Governor Christopher Waller told a conference in New York.