Asian shares drift, dollar firms ahead of central bank meetings
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that…
Economy
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Philippine central bank to cut rates by 25 bps on Dec 19, three more times in 2025: Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will cut its key policy rate by a quarter point for the third time in a row on Thursday as…
China capital markets witness record outflows in Nov, official data shows
SHANGHAI (Reuters) – China’s capital markets witnessed a record outflow of $45.7 billion in November, according to official data tracking cross-border investments in stocks and bonds. Cross-border receipts of portfolio…
Dollar supported as bets on 2025 rate cuts evaporate
SINGAPORE (Reuters) – The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term…
Australian consumers fret over the economy in December, survey shows
SYDNEY (Reuters) – Australian consumer sentiment took a step back in December as concerns about the economic outlook outweighed an improvement in people’s own finances, a survey showed on Tuesday.…
US Senate advances $895 billion defense policy bill, voting continues
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate on Monday voted to advance an $895 billion bill setting policy for the Pentagon toward passage as soon as Tuesday, which…
Australia’s prudential regulator finds gaps in super fund valuation, liquidity practices
(Reuters) – Australia’s prudential regulator said on Tuesday its review found deficiencies in valuation governance and liquidity risk management among superannuation trustees, urging immediate remediation to meet Prudential (LON:PRU) Standard…
Fed likely to cut again in January as labor market to soften: Standard Chartered
Investing.com — The Federal Reserve will deliver a hawkish rate cut on Wednesday, but not as hawkish as the market expects, Standard Chartered said in a recent note, expecting the…
Morning Bid: Political jitters ripple ahead of cenbank fest
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian market sentiment is likely to remain subdued on Tuesday following the release of mixed Chinese…
Explainer-How would a U.S. bitcoin strategic reserve work?
By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON (Reuters) – Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin…