News

Groping for new tools, central banks look at Japan's yield controls

Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials...

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China's June exports fall after U.S. tariff hike, and imports shrink more than expected

China's exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further strains...

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Australia stocks higher at the close of trade; S&P/ASX 200 up 0.36%

Australia stocks were higher after the close of a trade on Wednesday, as gains in the Consumer Staples, IT and Consumer Discretionary sectors...

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Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin

Deutsche Bank (DE:DBKGn) shares rose in pre-market trade on Monday as the German lender eliminated whole teams at its Asian operations...

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Oil prices fall despite elevated tensions in the Middle East

Oil prices fell on Friday in Asia despite heightened tensions in the Middle East due to the seizure of an Iranian oil tanker by British Royal Marines...

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South Korea cuts growth views as trade falls on U.S.-China trade war

South Korea on Wednesday cut this year's economic growth target to what would be a seven-year low as the prolonged U.S.-China tariff war hit global...

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China's AIIB eyes $10-12 billion a year in project financing

The Asian Infrastructure Investment Bank (AIIB) aims to finance infrastructure projects worth $10-12 billion annually over the coming years...

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Dovish central banks to push Asian bond yields lower

A turn in global monetary policy and a significant escalation in trade tensions have sparked a sharp rally in almost all Asian sovereign bonds...

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Gold prices drop amid Powell’s defense of Fed’s independence

Gold prices dropped on Wednesday in Asia as U.S. Federal Reserve Chairman Jerome Powell played down expectations of an aggressive rate cut...

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