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NEW YORK: Stocks dropped in early Asian trading ahead of Donald Trump unveiling a fresh round of tariffs. Gold touched a fresh record high, spurred by haven demand due to concerns about economic impact from a global trade war.
(Reuters) -U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets.
NEW YORK: Asian equities declined Thursday (March 27) after President Donald Trump's latest trade salvo scuppered demand for riskier investments.
Wall Street stocks ended sharply lower on Friday, with selloffs in Amazon, Microsoft and other technology heavyweights, after US data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.
NEW YORK, Dec. 24 (Xinhua) -- Trade groups representing the U.S. biggest banks sued the Federal Reserve on Tuesday, accusing it of using an opaque process to test banks' resiliency during annual stress tests.
SINGAPORE: Asia shares were hobbled by weakness in Chinese markets on Thursday and struggled to build on Wall Street's rally, even as investor sentiment was lifted by the prospect that the Federal Reserve could still deliver two rate cuts this year.
WASHINGTON, March 19 (Xinhua) -- The U.S. Federal Reserve on Wednesday left target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, amid rising inflation concerns due to the Trump administration's tariff policies.
SmartBiz has become the first financial technology (fintech) firm to receive regulatory approval to be a bank since president Donald Trump took office in January, a regulatory signal that other fintechs could also get the green light to cement their footholds in the financial services industry, Bloomberg reports.
NEW YORK, March 19 (Xinhua) -- U.S. stocks rebounded on Wednesday after the Federal Reserve kept interest rates unchanged and lowered its economic growth forecast for the year.
The South African Reserve Bank (SARB) is set to look past a smaller-than-expected rise in prices last month and keep borrowing costs unchanged while it assesses the impact that US President Donald Trump's trade policies will have on inflation.
US economic data are diverging wildly, fuelling a debate over whether rising anxiety from President Donald Trump's trade policies will push a moderating economy into a serious downturn.
KUALA LUMPUR: The ringgit ended marginally lower against the US dollar on Tuesday as the greenback strengthened on the back of upbeat US economic data.
KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$116.22 billion, while other foreign currency assets stood at US$4.50 million as at end-December 2024, said Bank Negara Malaysia (BNM).
GOLD rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes.
KUALA LUMPUR: Malaysia’s international reserves stood at US$115.5 billion as at Jan 15, 2025, compared to US$116.2 billion as at Dec 31, 2024, according to Bank Negara Malaysia (BNM).
WASHINGTON, March 19 (Xinhua) -- The U.S. Federal Reserve on Wednesday left target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, amid rising inflation concerns due to the Trump administration's tariff policies.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (March 24, 2025)
KUALA LUMPUR: The ringgit ended lower against the US dollar as concerns over reciprocal tariff rates, which are expected to take effect on April 2, prompted traders and investors to adopt a more cautious stance.
GOLD prices rose to hit a record high on Wednesday, as tensions in the Middle East and trade uncertainties lifted the bullion's safe-haven appeal, while traders awaited the Federal Reserve's decision due later in the day.
Four US Federal Reserve (Fed) policymakers have expressed support for further interest-rate cuts, but appear to differ on how fast or far they believe any cuts should go.
