SYDNEY : Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations approached crunch time after stalling last week, while lingering banking fears and fresh geopolitical worries also capped sentiment.U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will
SYDNEY : Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations approached crunch time after stalling last week, while lingering banking fears and fresh geopolitical worries also capped sentiment.
"In the art of brinkmanship, it feels that to get a deal we must see greater market volatility," said Chris Weston, head of research at Pepperstone. "Only a 1-month long impasse post the X-date is likely to cause a tightening of financing conditions sharp enough that it causes the dollar to rally strongly," said Pingle.
The Fed chief also flagged that after a year of aggressive rate increases, officials can afford to make"careful assessments" of the impact of rate hikes on the economic outlook, a stance that was viewed as dovish by markets. Meanwhile, regional U.S. bank shares continued to fall on Friday, as Treasury Secretary Janet Yellen reportedly warned that more mergers may be necessary after a series of bank failures.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
808 Eating House is an affordable new Southeast Asian concept in Joo ChiatThere's no denying the allure of fine dining, but there's something truly magical about a communal meal, where the table is laden with generous servings, laughter rings out, and the concept of the 'paiseh piece' simply doesn't exist. If you're seeking a no frills casual dining experience for a meal with your loved ones, look no further than 808 Eating...
Read more »
Australian grandmother with dementia tasered by police, in critical conditionSYDNEY - A 95-year-old grandmother who Australian police tasered at a retirement home is in critical condition as the homicide squad join a high-profile investigation into the incident, police said on Friday (May 19). Police were called to the Yallambee aged care home in Cooma, about 300 km (186 miles) southwest of Sydney, on Wednesday after staff found resident, Clare...
Read more »
Fast X speeds to No 1 at US box office, knocks Guardians Of The Galaxy 3 to 2nd placeFast X also opened in 84 markets internationally, playing in over 24,000 theatres, where it earned an estimated US$251.4 million.
Read more »
Australian PM backs G7 on 'de-risking' trade with ChinaSYDNEY : Australian Prime Minister Anthony Albanese said on Sunday that he backed a Group of Seven (G7) joint statement out of Japan stressing the need to ease reliance on trade with China.The G7 rich nations, which increasingly see China as a economic security threat, on Saturday issued a communique from
Read more »
Australia to regulate buy-now-pay-later sectorSYDNEY : The Australian government said on Monday it would introduce laws that will consider buy-now-pay-later (BNPL) services as a credit product in a bid to protect consumers in a largely unregulated industry.BNPL companies typically offer on-the-spot interest-free short-term loans with minimal credit c
Read more »
Interesting things to know about the currency of SingaporeOne of the strongest currencies in the world, the Singapore dollar (SGD) is the 13th most traded currency in the foreign exchange market, accounting for around 1.8 per cent of daily forex trades, according to CMC Markets, a UK-based financial services company. On 15 May 2023, the Monetary Authority of Singapore (MAS) launched a new SGD 10 coin in honour of the 100th birth anniversary of the late founding father of Singapore, Lee Kuan Yew. However, this is not the first time that the country has
Read more »