Strong U.S. retail sales boost economic outlook
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from…
Jul 16, 2019 12:37 UTC Read More
USD/JPY turns back below 108.00 mark, focus remains on US data, Powell’s speech
The USD/JPY pair surrendered a major part of its early uptick and is currently placed in the neutral territory, around the 107.95 region. The pair con.
Jul 16, 2019 09:41 UTC Read More
I would go for midcaps & smallcaps rather than largecaps in India: Krishna Memani, Invesco
Like US Fed in 2008, govt has to take steps to inject liquidity, says Invesco vice-chief of investment.
Jul 16, 2019 07:06 UTC Read More
METALS-Copper takes a breather after touching 2 wk-high
Copper prices took a break from a strong rally on Tuesday after positive industrial output and investment data from top consumer China sent prices to a…
Jul 16, 2019 02:38 UTC Read More
PSEi surges past 8300 on Fed, BSP easing bets
THE MAIN INDEX surged past the 8,300 mark on Monday as investors continued to bet on monetary policy easing by the US central bank. The bellwether…
Jul 15, 2019 19:09 UTC Read More
Is an 'Earnings Recession' on the Horizon?
Is the market rally justified? Corporate earnings are at the lowest level this year. We might be heading into an "earnings recession."
Jul 15, 2019 18:17 UTC Read More
Violent sex offender accused of raping elderly woman in New York
Brighton, N. Y. (WHAM) - A man registered as a violent Level 3 sex offender was arrested on rape charges in Brighton, New York. James Pascalar, 63, was…
Jul 15, 2019 17:10 UTC Read More
Feds say fake passport found in Epstein's safe
NEW YORK (AP) — Federal prosecutors say a search of Jeffrey Epstein's home safe turned up a bogus passport that listed a Saudi Arabia residence along with…
Jul 15, 2019 15:27 UTC Read More
Fed Chair Compares Bitcoin to a Gold Alternative
Bitcoin has been dubbed "digital gold" by cryptocurrency and capital markets alike, but the leading digital coin was deemed as an alternative to the precious…
Jul 15, 2019 14:39 UTC Read More
Trump and Fed Chair in Agreement on Facebook's Cryptocurrency
While it seems U.S. President Donald Trump and the Federal Reserve are at odds when it comes to interest rate policy, it appears they are in agreement when it…
Jul 15, 2019 14:32 UTC Read More
U.S. stocks keep setting new record highs
Wall Street has reached new heights this Friday against a backdrop of expectations of Fed rate cuts at the end of July. The DJ still gained 0.9% to 27332 pts,
Jul 15, 2019 14:02 UTC Read More
'Carried him out in a body bag': Woman says man overdosed, died on airplane
The former California state director for the Drug Policy Alliance is calling for airlines to carry the anti-overdose drug naloxone after she says a man overdosed in…
Jul 15, 2019 13:37 UTC Read More
S&P trades near flat as Citigroup results weigh on bank stocks
Wall Street's three main indexes flitted between slight gains and losses on Monday, as declines in Boeing and bank stocks after Citigroup's quarterly report were…
Jul 15, 2019 11:29 UTC Read More
Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing
After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it's discovered that another $2.3 million is missing. A report…
Jul 15, 2019 07:59 UTC Read More
WATCH: Why the Fed chief is concerned about Facebook's Libra
Ovex CEO Jonathan Ovadia talks to Business Day TV about the Jerome Powell's view of cryptocurrencies.
Jul 15, 2019 07:02 UTC Read More
Central banks tossing grenades rather than firing bazookas Business News
HONG KONG: Central bankers readying to fight another economic downturn are tossing hand grenades rather than firing bazookas.
Jul 15, 2019 05:20 UTC Read More
What Trump's Bitcoin Tweet Changes
Let's be clear: It was not the substance of Donald Trump's tweet that made his critique of bitcoin and Libra so important last week. It should be of no surprise that…
Jul 15, 2019 04:00 UTC Read More
Central bank politicisation of growing concern
Even the US Federal Reserve and the European Central Bank are no longer immune to pressure from governments.
Jul 15, 2019 03:35 UTC Read More
July 15, 2019 The hidden reason why Fed Chairman Powell and "systemically important" banks oppose a gold standard
By Mike Gleason web posted July 15, 2019. Chairman Jerome Powell's testimony last week was closely scrutinized not just for its economic implications but also…
Jul 15, 2019 03:06 UTC Read More
Australian dollar strengthens on encouraging Chinese data
The Australian dollar strengthened on stronger-than-expected economic data from China, which some analysts saw as signalling that moves aimed at reviving…
Jul 15, 2019 00:47 UTC Read More
AMP falls 8.8pc to all time low
AMP also announced this morning that it is unlikely to pay an interim dividend for the first half of the current year, when it this morning announced the AMP Life…
Jul 15, 2019 00:30 UTC Read More
Talk Of Interest Rate Cuts Boosts The Stock Market, But Don't Expect A Similar CRE Windfall
A Fed rate cut may boost CRE confidence, but it likely won't spark a rush of new development.
Jul 14, 2019 21:04 UTC Read More
Fed chair Powell becoming central banker to the world
WASHINGTON • US Federal Reserve chairman Jerome Powell is starting to sound a bit like he is the world's central banker.. Read more at straitstimes.com.
Jul 14, 2019 20:59 UTC Read More
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