Financial News
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Malaysia likely to cut subsidies in 2024 budget for fiscal strength
10.10.2023
Malaysia likely to cut subsidies in 2024 budget for fiscal strength
FILE PHOTO: Malaysia’s Prime Minister Anwar Ibrahim attends the 26th ASEAN-China Summit at the 43rd ASEAN Summit in Jakarta, Indonesia,…
ECB’s Villeroy : inflation to still land at around 2 pct by 2025 despite violence in Israel
10.10.2023
ECB’s Villeroy : inflation to still land at around 2 pct by 2025 despite violence in Israel
FILE PHOTO: Francois Villeroy de Galhau, Governor of Banque de France, attends the Paris Europlace International Financial Forum in Paris,…
Fed officials hint at rising Treasury yields as a potential credit restraint
10.10.2023
Fed officials hint at rising Treasury yields as a potential credit restraint
Tuesday saw a rally in Asian stocks, influenced by several factors including comments from Federal Reserve officials at a…
Federal Reserve hints at rate hike pause, silver shows bullish potential
10.10.2023
Federal Reserve hints at rate hike pause, silver shows bullish potential
Silver (XAG/USD), currently priced at $21.74, experienced a 1.2% increase on Tuesday due to geopolitical unrest, specifically the Israel-Hamas…
Allianz’s El-Erian adopts barbell approach amid central banks’ anti-inflation efforts
10.10.2023
Allianz’s El-Erian adopts barbell approach amid central banks’ anti-inflation efforts
Mohamed El-Erian, Allianz (ETR:ALVG)’s chief economic adviser and former Pimco CEO, has expressed unease about investing in volatile equity…
Vietnam’s VinFast reports customer to police after ‘untrue’ YouTube complaints
10.10.2023
Vietnam’s VinFast reports customer to police after ‘untrue’ YouTube complaints
3/3 FILE PHOTO: Labourers work at Vinfast auto plant on the occasion of its opening ceremony in Hai Phong city…
Dollar edges higher; Fed officials question need for more hikes
10.10.2023
Dollar edges higher; Fed officials question need for more hikes
Investing.com – The U.S. dollar edged higher Tuesday, supported by its safe-haven status as violence in the Middle East…
Yuan’s exchange rate system managed by PBOC permits 2% fluctuation
10.10.2023
Yuan’s exchange rate system managed by PBOC permits 2% fluctuation
On Tuesday, the People’s Bank of China (PBOC) continued to manage the yuan’s exchange rate against the U.S. dollar…
Dollar gains versus euro as Israel-Palestinian conflict spurs safety bid
10.10.2023
Dollar gains versus euro as Israel-Palestinian conflict spurs safety bid
FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence…
Euro weakens amid Middle Eastern conflict and regional growth concerns
10.10.2023
Euro weakens amid Middle Eastern conflict and regional growth concerns
The euro continues to experience a downturn, primarily driven by the risk-off sentiment due to escalating conflicts in the…