Asian stocks rise to 7-month highs, hot inflation boosts Australian dollar

Finance Latest Posts

Adani abandons $2.5 bln share sale in big setback to Indian tycoon

NEW DELHI -- Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by...

Comments closed

Biden will pick new economic team after State of the Union -officials

WASHINGTON -- U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no final decisions...

Comments closed

U.S. Federal Reserve hikes rate: Read the official statement

The U.S. Federal Reserve raised its key interest rate 25 basis points. Here is the official statement of the Federal Open Market Committee. Read More...

Comments closed

MSMEs to be returned 95% of fines imposed during Covid

The budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier norms...

Comments closed

FedEx to cut senior jobs as part of larger staff reduction

LOS ANGELES -- FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad...

Comments closed

SINGAPORE — Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely. Read More