U.S. yield curve flashing more warning signs of recession risks ahead
The U.S. government bond market is sending a fresh batch of signals that investors are increasingly convinced the Federal Reserve’s aggressive actions to tame inflation…
Category: Business
Indonesia runs road test for biodiesel with 40% palm oil
Indonesia on Wednesday launched road tests for two types of biodiesel containing 40% palm oil, hoping to conclude by the end of the year whether…
Britain’s BAE names new chair, expects more defence spending
BAE Systems (BAES.L), Britain’s biggest defence company, named Cressida Hogg as its next chair on Thursday, as it reported stronger-than-expected half-year earnings, announced a share…
China Evergrande gets CK Asset bid for Hong Kong headquarters building
Struggling Chinese developer Evergrande Group (3333.HK) is selling its Hong Kong headquarters via a tendering process that ended on Thursday, a source with direct knowledge…
U.S. Federal Reserve delivers second super-sized rate hike
The U.S. Federal Reserve on Wednesday delivered its second straight 75 basis point rate hike, reinforcing its commitment to contain red-hot inflation. Policymakers said inflation…
Orange shares spooked by drop in enterprise earnings
Shares in Orange SA (ORAN.PA), France’s biggest telecom firm, fell on Thursday as investors worried about a plunge in first-half profits at its enterprise and…
Hong Kong central bank raises rates, warns of tighter interbank market
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours…