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Bank of England's Greene says IMF forecasts show UK monetary policy not very restrictive
BANGKOK: The International Monetary Fund’s upward revision to its forecast for British economic growth this year adds to signs that Bank of England interest rates are not very restrictive, BoE…
Business RecorderJapan's Nikkei slides as AI stocks tumble, geopolitical risks weigh
TOKYO: Japan’s Nikkei slid on Tuesday as a selloff in AI-related stocks gathered pace after weakness in US chip shares, while geopolitical tensions further dampened risk sentiment.
Business RecorderChicago soybeans extend losses as US Midwest harvest expands
JAKARTA: Chicago soybeans fell for a second straight session on Tuesday as harvest activity picked up across the US Midwest following a spell of dry weather, while traders awaited the US Department…
Business RecorderChina blue chips fall to 14-month low on tech selloff
HONG KONG: China and Hong Kong stocks fell on Tuesday as a selloff in AI-related shares swept across Asia, pushing China’s blue-chip index to its lowest in more than a year.
Business Recorder
Australia dollar finds some support in RBA hawks, kiwi totters
SYDNEY: The Australian dollar flatlined on Tuesday as a selloff in global risk assets offset a hawkish commentary from the country’s central bank, while its New Zealand counterpart touched lows last…
Business RecorderCopper steadies as dollar strength counters Chile supply worries
Copper prices held nearly steady on Tuesday as a firm US dollar countered support from supply concerns in top producer Chile.
Business Recorder
Pakistan plans to issue more Panda bonds, eyes Japanese market for borrowing
As the government seeks to diversify its funding sources, Pakistan plans to return to China’s domestic bond market for further yuan-denominated borrowing and is exploring the possibility of issuing…
Business Recorder
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