Latest News for: Asia central banks

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Full and final settlement before God

The Economic Times 27 May 2022
... across the Silk and Cotton trade routes from Central Asia through South Asia to Southeast Asia.
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Asia’s war on inflation targets supply, not consumers

FX Empire 26 May 2022
... bank’s 2-4% target band ... That contrasts with a markedly more benign policy outlook in Southeast Asia, where most central banks have only recently commenced a very cautious shift away from extremely low interest rates, with tightening expected to be more gradual than in the West.
photo: AP / Eugene Hoshiko
A worker operates a machine to make socks at Langsha Socks Group production plant Wednesday March 29, 2006 in Yiwu, China. Complaining of a flood of cheap Chinese textile, including socks, both the United States and the European Union have imposed restrictions on the amounts of such imports. The struggle over textiles is just one of the many pitting low-cost Chinese producers against traditional industries in developed na
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Asia's war on inflation targets supply, not consumers

Reuters 26 May 2022
That contrasts with a markedly more benign policy outlook in Southeast Asia, where most central banks have only recently commenced a very cautious shift away from extremely low interest rates, with tightening expected to be more gradual than in the West.
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Asian shares stumble on growth worries as central banks tighten

Metro USA 26 May 2022
economy, helping lift the mood on Wall Street overnight, sentiment in equity markets remains fragile after weeks of volatile trade as more global central banks continue on the path of tightening ... Seoul’s Kospi was 0.25% higher after the central bank rate announcement came in line with expectations.
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Diokno is finance chief; next BSP governor yet to be named

Manila Bulletin 26 May 2022
A central bank chief has a fixed six-year term ... He is the first Philippine central bank governor awarded the top prize by the Financial Times Ltd.-owned The Banker. He is also the “Asia-Pacific Central Banker of the Year”.
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Asian shares fall as China growth and Fed hikes worry investors

Business Day 26 May 2022
... in Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6%, taking losses for the month to 5% ... Elsewhere in Asia, South Korea’s central bank raised interest rates for a second consecutive meeting as it grapples with consumer inflation at 13-year highs.
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Asia stocks up but investors worry about rate hikes, China lockdowns

Gulf Daily News 25 May 2022
Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth ... Meanwhile the kiwi hit a three-week high of $0.65 after the New Zealand central bank raised rates by an aggressive 50 basis points and signalled more to come.
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Asia Shares Mixed, RBNZ Hikes Rates

MENA FN 25 May 2022
(MENAFN - Baystreet.ca) Asia Shares Mixed, RBNZ Hikes Rates. Advertisment. Shares in Asia-Pacific were mixed on Wednesday, with New Zealand's central bank announcing yet another rate hike.In ... .
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China Regulators Pushing Banks To Make More Loans

MENA FN 25 May 2022
(MENAFN - Asia Times) China's central bank and a top financial regulator are urging local banks to extend more loans to companies in a bid to resuscitate the economy from recent Covid-19 lockdowns ... .
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Dollar wobbles lower as China growth hopes lift Aussie

The Times of India 23 May 2022
U.S stock market futures bounced sharply in early Asia trade and pulled the risk-sensitive Australian and New Zealand dollars along for the ride ... Sterling leapt nearly 2% last week on the back of stronger-than-expected retail data and markets' broader re-think on whether global central banks are really lagging much behind the Federal Reserve.
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Profit-taking pulls stocks lower; Converge, BPI fall

Manila Standard 23 May 2022
Bank of the Philippine Islands of the Ayala Group, the third-largest bank, fell 3.6 percent to P94.50, while sister unit and major property developer Ayala Land Inc ... Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank.
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Asian markets rise on talk of China tariff lift

The Manila Times 23 May 2022
Biden also announced that 13 countries had joined a new, US-led Asia-Pacific trade framework, although there are questions about the pact's effectiveness. Investors will be looking to Wednesday's release of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank.
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‘RBI may hike policy rates by 50 bps each in June, August meetings’

Business Line 20 May 2022
The central bank, has for this fiscal, projected Q1 inflation at 6.3 per cent, Q2 at 5.8 per cent, Q3 (5.4 per cent) and Q4 (5.1 per cent) ... The domestic demand recovery and inflationary impulses mean that central banks in Asia will have to accelerate their policy normalisation process.
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US stocks open higher at the end of another bruising week

Citizen Tribune 20 May 2022
Markets rose in Asia overnight after the Chinese central bank delivered a surprise interest rate cut ... In Asia, the Shanghai Composite Index rose 1.2% to 3,134.21 after the Chinese central bank reduced its rate on a five-year loan, which would shore up weak housing sales by cutting mortgage costs.
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Wall Street, global markets bounce back on China's rate cut

Journal Review 20 May 2022
In Asia, the Shanghai Composite Index rose 1.2% to 3,134.21 after the Chinese central bank reduced its rate on a five-year loan, which would shore up weak housing sales by cutting mortgage costs ... It was the first time since 2008 that inflation was above the central bank’s 2% target.

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