asia economy

Hong Kong’s Hang Seng is down more than 3%, leading to sharp declines in the Asian trading session

Oil prices drop as a strong US dollar offsets production cuts due to hurricane Oil prices fell on Wednesday as a strong US dollar offset US production cuts from Hurricane Ian. Brent crude futures fell 2.06% to $84.49 a barrel, while US West Texas Intermediate also fell 2.15% to $76.78 a barrel. – Lee Ying …

Hong Kong’s Hang Seng is down more than 3%, leading to sharp declines in the Asian trading session Read More »

Steve Forbes says the ‘real cure’ for inflation has been overlooked

The British pound fell to a record low Monday morning in Asia, after the new British government announced last week that it would implement tax cuts and investment incentives to boost growth. In the context of focusing on raising interest rates to cool inflation, central banks and governments have ignored the importance of keeping currencies …

Steve Forbes says the ‘real cure’ for inflation has been overlooked Read More »

Asian markets traded higher as inflation in Japan approached an 8-year high; China keeps the benchmark lending rate unchanged

Technology and casino stocks in Hong Kong support the broader index Australia’s central bank says argument to boost slow rate hikes The RBA board members saw the case for the slowdown in the pace of interest rate increase becoming stronger, according to the minutes of the September 6 meeting, as it raised the interest rate …

Asian markets traded higher as inflation in Japan approached an 8-year high; China keeps the benchmark lending rate unchanged Read More »