The Federal Reserve is all but certain to raise its key rate by a quarter point this week, meaning it will then have a benchmark above that of five counterparts in the Asia-Pacific region excluding Japan.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.5 percent to extend its gains, hitting a 2-1/2-month high for a second straight day. Japan's Nikkei average .N225 rose 0.9 percent.
A worldwide escalation of the trade tensions between the US and its major trading partners would have consequences for global trade equivalent to the 2008 financial crisis, the World Bank has warned.
Rarely in modern in history has there been a summit with higher stakes and greater uncertainty over its outcome than the planned meeting in Singapore a week from now between Kim Jong-un and Donald Tr
The release of first quarter GDP data and a meeting of the Reserve Bank of Australia will be keenly watched by investors eager for clarity on the trajectory of domestic interest rates after the ongoing strength of the US economy was ...
Steel will be hit with a 25 per cent levy and 10 per cent for aluminium; The Trump administration has sparked a trade war with the European Union, Canada and Mexico after it announced it will impose large tariffs on steel and aluminium imports
Bank of Canada maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent.
The European Central Bank has a decade of crisis-fighting experience to draw on to confront market turmoil in Italy, the euro zone’s third-biggest economy.
Europe’s lenders are bracing for regime change at the region’s central bank, which will replace three of its top bank supervisors at the start of next year.
The euro gave up its early gains and turned negative on Monday after Italy’s president set the country on a path to fresh elections, raising concerns that such a route may deliver an even stronger mandate for the country’s anti-establishment parties.