Major global firms warn of slow China sales as post-pandemic surge fades
From consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar, global firms have warned of slowing
2023-08-02 13:45
US Stripped of AAA Rating by Fitch as Budget Deficits Swell
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 12:58
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:50
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
2023-08-02 11:57
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:52
Asia Stocks Drop on Profit Taking, Fitch Fallout: Markets Wrap
Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong
2023-08-02 10:25
US Job Openings Fall to Lowest Level Since 2021, Layoffs Ease
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand
2023-08-01 23:47
Apple, Microsoft remain world's top 2 companies by market cap
Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of
2023-08-01 18:21
Wall Street Economists Are Looking at a September Rate Pause
Federal Reserve Chair Jerome Powell has left the door open to another interest-rate hike, but Wall Street economists
2023-08-01 17:27
Stocks, oil resilient amid cautious optimism on economy
By Tom Wilson and Kevin Buckland LONDON/TOKYO Stocks were mostly resilient and oil hovered near recent highs on
2023-08-01 16:20
Saudi Arabia Borrowing Rate Hits Record High, Hitting Businesses
A key gauge of borrowing costs in Saudi Arabia has risen to a record, potentially hitting businesses and
2023-08-01 15:15
Australia Extends Rate Pause for Second Month, Currency Drops
Australia’s central bank kept its key interest rate unchanged on Tuesday following a cooling of inflation pressures and
2023-08-01 12:51