Tag: Finance
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Dollar shudders, yen slumps as Fed rate bulldozes on
The yen remained just below the significant psychological level of 145 per U.S. dollar on Monday, while the dollar faced some downward pressure following...
Oil surfs high; rouble tanks as economies feign ignorance
Oil prices inched higher on Monday as concerns over Russian stability and crude supply emerged following an unsuccessful mutiny attempt by Russian mercenaries over...
China roots out loan benchmarks to bring back blooming demand
China has implemented a series of key lending benchmark reductions for the first time in 10 months, signalling its efforts to support a slowing...
Chinese firms demanded to dress modest; economy in duces
Chinese financial institutions are actively implementing austerity measures in response to Beijing's efforts to address the wealth gap, which include reducing salaries, bonuses, travel,...
Investors stay alert for economic movement; Fed signs its moves
The recent hawkish stance of the Federal Reserve, amidst a strong rally in the stock market, has presented investors with a dilemma: how to...