The Bank of Japan (BOJ) held its benchmark interest rates at ultra-low levels on Thursday, as expected, citing the need for accommodative monetary policy amid continued headwinds from rising commodity prices and the aftermath of the COVID-19 pandemic. The world’s third-largest central bank held its short -term policy interest rate. […]
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Asian Stocks Slammed by Fed Rate Hike Risks
Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag behind its peers, falling 1.5%, while Japan’s Nikkei index lost 1.3%. The day’s losses […]
10-year yields highest since 2011 before expected Fed rate hike
Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing […]
Dow Futures Tick Higher After Indices Post Their Worst Week Since June
U.S. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By 7:10pm ET (11:10pm GMT) Dow Jonas […]
Will Mining Die With Ethereum 2.0?
The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. Where Will Ethereum Miners Go From Here? The Ethereum mining industry has […]
Oil prices and financial markets brace for recession
U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak […]
Japan set to waive some visa requirements in October to boost tourism
Japan is expected to waive visa requirements for certain tourists and remove a limit on daily arrivals in October as it aims to benefit from a rebound in global tourism, Nikkei reported on Thursday. Following the change, Japan will not require visas for short-term travelers from the United States and certain other countries and will […]
Foreign investors snap up Indian bonds set for inclusion in global indexes
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investments ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said. The central bank removed foreign investment caps for a number of securities under the ‘fully accessible route’ in […]
Asian Stocks Cautiously Optimistic Ahead of U.S. CPI Data
Most Asian stock markets rose slightly on Tuesday, with investors turning cautiously optimistic over upcoming data that is expected to show a sustained decline in U.S. inflation. Taiwan’s Weighted Index added 0.7%, the most among its regional peers, while China’s Shanghai Shenzhen and Hong Kong’s Hang Seng rose 0.5% and 0.3%, respectively, in catch-up trade. Gains […]
California to Tax Biden’s Student Loan Forgiveness
President Biden’s announcement in August of up to $20,000 in broad federal student debt forgiveness likely came as a relief for millions of eligible borrowers, but it also brought with it plenty of questions. Fortunately, the White House later issued a press relief that answered many of these queries, including confirming that […]