Miscellany

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    Years of forex market calm sends currency funds to the wall

    Reuters . London | Updated at 12:00am on September 08, 2019

    The Chinese yuan’s tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency...

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    China’s August forex reserves rise to $3.1072 trillion

    Reuters . Beijing | Updated at 12:00am on September 08, 2019

    China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with...

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    Fed chair Powell repeats vow to act ‘as appropriate’

    Reuters . Zurich | Updated at 12:00am on September 08, 2019

    The US Federal Reserve will continue to act ‘as appropriate’ to sustain the economic expansion in the world’s biggest economy, Fed chair Jerome Powell said...

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    A recession may hit some US metros worse than others

    Reuters . San Francisco | Updated at 12:00am on September 08, 2019

    If the US economy slips into a recession, homeowners in Riverside, California, will fare much worse than those in Rochester, New York, Seattle-based real estate...

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    Georgieva closes in on top IMF job as no challengers seen

    Reuters . Washington | Updated at 12:00am on September 08, 2019

    Bulgarian economist Kristalina Georgieva was expected to be the only candidate considered to lead the International Monetary Fund as a nomination deadline drew to a...

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    Experts stress fiscal decentralisation for efficient public service delivery

    Staff Correspondent | Updated at 12:00am on September 08, 2019

    Economists and experts from South Asia region on Saturday underscored the need for fiscal decentralisation in the region, especially in Bangladesh to ensure efficient public...

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    US jobs creation cools in August as Trump hammers Fed

    Agence France-Presse . Washington | Updated at 12:00am on September 07, 2019

    America’s jobs engine downshifted in August as employers unexpectedly held back hiring across major industries, another sign that the world’s largest economy could be weakening,...

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    US sees ‘modest’ growth, businesses show ‘near-term’ optimism: Fed

    Agence France-Presse . Washington | Updated at 12:00am on September 06, 2019

    The US economy grew at an unspectacular pace in recent weeks, while businesses still took a rosy view of the near future despite the escalating...

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    Gold slips from 6-yr peak

    Reuters | Updated at 12:00am on September 06, 2019

    Gold retreated on Thursday as investors booked profits after the metal rallied to a six-year peak in the previous session and hopes of a thaw...

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    US hiring shoots up in August

    Agence France-Presse . Washington | Updated at 12:00am on September 06, 2019

    Hiring by American employers was unexpectedly strong last month, with jobs added at a particularly brisk pace in health care, hospitality and trade services, the...

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