Financial & Economic News
Federal Reserve Chair “the election of Trump won’t alter the central bank’s decision”
Federal Reserve Chair Janet Yellen made it clear to lawmakers that the election of Donald Trump won’t alter the central bank’s decision-making and signaled a likely interest-rate increase in December. She defended the Fed’s independence […]
Mexico’s central bank hiked interest rates to their highest in over 7 years
Mexico’s central bank hiked interest rates to their highest in over seven years on Thursday and warned that the election of Donald Trump had cast doubt on the direction of Latin America’s second-largest economy. The […]
BoJ unable to buy bonds because of lack of bids
The Bank of Japan was unable to buy bonds in two operations because no bondholders offered to sell. Efforts to buy one- to three-year maturities and three- to five-year maturities received zero bids, the central […]
Abe expected to warn Trump against killing TPP
Japanese Prime Minister Shinzo Abe is likely to tell US President-elect Donald Trump that killing the Trans-Pacific Partnership could lead Asian allies to join a trade agreement that includes China. Abe has revised travel plans […]
The Philippines has become the fastest growing economy in Asia
The Philippines has become the fastest growing economy in Asia, in an early boost for President Duterte’s efforts to court investors and calm business fears about the impact of his tilt from the U.S. to […]
UK wants to coordinate fintech oversight with US
Britain’s financial regulators are eager to partner with the US to share information on the oversight of financial-technology firms, said Christopher Woolard, director of strategy and competition for the Financial Conduct Authority. By reaching out […]
Chinese real retail sales up 8.8% in October
China’s real retail sales, which account for inflation, increased 8.8% last month compared with October 2015, the slowest growth since calculation of such data began in 2011. A government spokesman cites a tax break for […]
