Latest News for: Asia central banks

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Rate hike is the ‘wrong’ antidote to fix inflation: Paul Gambles

Invezz 05 Jul 2022
He’s the Managing Partner at MBMG Group. Gambles’ remarks on CNBC’s ‘Street Signs Asia’. On CNBC’s “Street Signs Asia”, Gambles reiterated that the central bank and its monetary policy tends not to have a whole lot of influence on the supply-driven inflation that we’re facing right now ... ....
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$40 billion drained from emerging Asia markets in last quarter

Gulf News 04 Jul 2022
Instead, it’s because the Federal Reserve and other central banks are tightening ... Part of that may be down to the more dovish approach of central banks in Southeast Asia, which are seeking to slow-walk increases in borrowing costs as they nurture fragile post-Covid recoveries.
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Foreigners sold US$40bn across Asia markets in Q2

Taipei Times 04 Jul 2022
“The reason foreign investors are selling shares in those markets is not because something has gone wrong in them, instead, it’s because the Federal Reserve and other central banks are tightening their monetary policy,” said Mark Matthews, head of research for Asia Pacific at Bank Julius Baer in Singapore.
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Higher interest rates may not slow inflation, and central banks are partly to blame

The Observer 04 Jul 2022
Contrary to earlier assurances that interest rates would remain low until 2024, the Reserve Bank of Australia’s aggressive policy – being pursued by central banks globally – follows failures to forecast rising prices and may not be effective in achieving its objective.
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CTS Global expands to Indonesia

Manila Bulletin 04 Jul 2022
Pulicly-listed stock broker CTS Global Equity Group Inc. is venturing into Indonesia as part of its long-term strategy of getting more revenues from global trading. In a disclosure to the Philippine Stock Exchange, the firm said it will venture into the Indonesian Stock Market with an initial fund disbursement into Bank Central Asia (BCA) Indonesia ... .
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Analysis: China casts giant shadow over emerging nations' chase for debt relief

Reuters 04 Jul 2022
Poorest countries face $35 billion in debt-service payments to official and private sector creditors in 2022, with over 40% of the total due to China, according to the World Bank ... China's foreign ministry and central bank did not respond to requests for comment.
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Fuel and energy tax cuts to be extended as part of €2bn budget package

The Irish Times 03 Jul 2022
Stocks in the UK, mainland Europe and Asia have also suffered steep losses. It comes as central banks around the world are trying to rein in soaring living costs, with prices of essential goods like food and fuel jumping ... Bank of Ireland and Davy manage a third of assets invested by Ireland’s wealthiest households.
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Analysis-China casts giant shadow over emerging nations’ chase for debt relief

FX Empire 03 Jul 2022
Poorest countries face $35 billion in debt-service payments to official and private sector creditors in 2022, with over 40% of the total due to China, according to the World Bank ... China’s foreign ministry and central bank did not respond to requests for comment.
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Russia-Ukraine War: West must rethink their approach to Russia - opinion

The Jerusalem Post 03 Jul 2022
The invasion of Ukraine and the intensification of international sanctions imposed on Russia are having a strong effect on world markets, and have inflicted significant harm on weaker countries in Europe and Central Asia. . According to data published by the World Bank in ...
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How Is Climate Change Affecting Central Asia?

Beijing News 01 Jul 2022
Water is arguably the most important resource in Central Asia ... The World Bank report published last September estimated that Central Asia could see as many as 5 million internal climate migrants by 2050 ... "I would say that the biggest threat not only to Uzbekistan but across Central Asia is water shortages.
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US stocks see worst first half drop in more than 50 years

BBC News 01 Jul 2022
It comes as central banks around the world are trying to rein in soaring living costs, with prices of essential goods like food and fuel jumping ... It comes as many of the world's biggest central banks take steps to slow the rising in the cost of living, including raising interest rates.
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US stocks see worst first half drop in over 50 yrs

Suryaa 01 Jul 2022
It comes as central banks around the world are trying to rein in soaring living costs, with prices of essential goods like food and fuel jumping ... It comes as many of the world's biggest central banks take steps to slow the rising in the cost of living, including raising interest rates.
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US futures head lower on more sour data from Asia and Europe

Albuquerque Journal 01 Jul 2022
Shares in Asia also fell after a quarterly report by Japan's central bank rekindled worries about the world's third largest economy ... The Federal Reserve and other central banks have been aggressively raising interest rates to try and slow economic growth to cool inflation.
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Stocks open slightly lower, continuing dismal start to year

North Shore News 01 Jul 2022
Shares in Asia also fell after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy ... The Federal Reserve and other central banks have been aggressively raising interest rates to try and slow economic growth to cool inflation.
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TAIEX drops over 20% from peak, entering bear market

Taipei Times 01 Jul 2022
Bloomberg. The TAIEX slid again yesterday, declining more than 20 percent from a January high and entering a bear market ... Tech-heavy equity markets in Taiwan and South Korea were among the worst performers in Asia last quarter, both down more than 15 percent amid rate hikes by global central banks ... .

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