China criticises US tightening of chip export rules
BEIJING (Reuters) – China has criticised the tightening of U.S. rules on semiconductor exports, saying they have created more hurdles to trade and more uncertainty in the chip industry. The Biden administration…
Marketmind: Singapore signals a peak for policy tightening
A look at the day ahead in European and global markets from Wayne Cole. Singapore’s central bank sprang the surprise of the Asian day by halting its tightening cycle when markets had…
Singapore seen tightening monetary policy as inflation remains elevated
By Chen Lin SINGAPORE (Reuters) – Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due…
Thailand’s gradual policy tightening still appropriate – central bank
BANGKOK (Reuters) – Thailand’s gradual, measured policy normalisation is still an appropriate approach, as the economy continues to recover on the back of increased tourism and domestic spending, the central bank said.…
Most BOK board members wanted door open for further tightening – minutes
SEOUL (Reuters) – A big majority of the Bank of Korea’s board members voted to hold interest rates steady at the Feb. 23 meeting but agreed it was premature to declare an…
Analysis-Awaiting key data, some investors fear Fed will overdo tightening
By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve’s pledge to redouble its inflation-fighting efforts is spooking some investors, who believe it may end up moving too aggressively after moderating its…
Bank of Korea expects monetary tightening to weigh more heavily on growth this year
SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022.…
Indonesia central bank holds rates after months of hikes, plays down need for more tightening
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes and stressing that the current level should…
China should avoid tightening macro-economic policies prematurely – IMF
By Joe Cash BEIJING (Reuters) – China should avoid a premature tightening of macro-economic policies as its economy is still not performing at its full potential despite rebounding from COVID-19, International Monetary…
Economists say BOJ’s Amamiya is top governor candidate, tightening this week unlikely
By Kantaro Komiya TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, a close aide of incumbent chief Haruhiko Kuroda, is most likely to succeed him this spring, according to…
San Fernando Valley Man Pleads Guilty to Selling Used and Counterfeit Medical Devices Used for Skin Tightening and Fat Burning
LOS ANGELES – A Tarzana man pleaded guilty today to federal criminal charges for running a nearly $6 million scheme in which he knowingly sold used skin-tightening medical devices that were…
South Africa set to end tightening cycle in Q1 with 50 bps more
By Vuyani Ndaba JOHANNESBURG (Reuters) – The South African Reserve Bank will probably jack up interest rates by just 50 basis points more in early 2023 as signs of disinflation are expected…
China Is Tightening Its Grip In America’s Backyard
KIRON SKINNER And MATEO HAYDAR: China Is Tightening Its Grip In America’s Backyard Kiron Skinner And Mateo Haydar on November 26, 2022 The latest sign that America’s influence in the Western Hemisphere…
IMF backs UK plan for $65 billion of budget tightening
By David Milliken LONDON (Reuters) -The International Monetary Fund’s managing director, Kristalina Georgieva, said she had spoken with British finance minister Jeremy Hunt on Friday to welcome his latest plan for 55…
Japan fin min warns of yen risks from Fed tightening
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday authorities should be vigilant to any downside risks stemming from the U.S. Federal Reserve’s monetary policy tightening, which…
Explainer-What’s behind Hong Kong’s tightening cash conditions?
By Georgina Lee HONG KONG (Reuters) – A weak Hong Kong dollar and capital outflows have pushed the city’s interbank rates to 14-year highs and drained cash levels to their lowest in…
Gold to rebound slightly next year as Fed tightening cycle ends: Reuters poll
By Eileen Soreng (Reuters) – Gold prices will average $1,712.50 an ounce next year, rising from current levels, as an end to U.S. interest rate rises is expected to revive investor interest…
Estee Lauder cuts forecasts on China curbs, tightening inventories
By Ananya Mariam Rajesh (Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the most important holiday season, blaming lockdowns in China and American retailers cutting stocks of…
Analysis-Tech wreck shows U.S. megacaps not immune to corrosive Fed tightening
By Caroline Valetkevitch, Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a disconcerting…
BoE quantitative tightening likely to be delayed until later this year -fund manager
LONDON (Reuters) – The Bank of England should consider giving markets “some comfort” around its quantitative tightening timetable, and will likely push back the long-anticipated policy change until later this year, a…
Swiss central bank steps up policy tightening as sight deposits drop $78 billion
By John Revill ZURICH (Reuters) – Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign…
NY Fed official: 2019 experience will inform decisions on when to stop Fed quantitative tightening
(Reuters) – The Federal Reserve’s previous experience with reducing its balance sheet will be a “useful guide” for assessing when the central bank should stop that process this time, the head of…
RBA to hike by another half-point in September, slower pace of tightening ahead- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will raise the cash rate by another half-point on Tuesday to curb soaring inflation but will moderate the pace of hikes for the…
Goldman sees Powell sticking to July tightening message at Jackson Hole
(Reuters) – Goldman Sachs said on Tuesday it expects Federal Reserve Chair Jerome Powell to reiterate the case for slowing the pace of tightening, when he speaks at the annual Jackson Hole…
S. Korea central bank member affirms tightening outlook, notes downside risks
SEOUL – A South Korean central-bank board member affirmed on Wednesday that interest rates should rise further but added that increases should be gradual, since downside risks to both exports and consumer…
Analysis-NZ central bank’s aggressive tightening raise concerns it may go too far
By Lucy Craymer WELLINGTON – New Zealand’s central bank is expected to deliver this week a third straight half-point rate hike in its most aggressive policy tightening in over two decades, but…
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