Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

“It’s a decent time to start considering sharpening your pencil and think about what is a good buy right now,” Terri Spath, founder and chief investment officer of Zuma Wealth Management, said on Bloomberg Television. She said that the coming slowdown in the US economy would be mild and that if there’s a shallow recession … Read more

Lagarde Says ECB Must Hike Even As Economy Weakens Into 2023

Lagarde Says ECB Must Hike Even As Economy Weakens Into 2023

“How much further we need to go, and how fast we need to get there, will be based on our updated outlook, the persistence of the shocks, the reaction of wages and inflation expectations, and on our assessment of the transmission of our policy stance,” Lagarde said. .

Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

The BlockFi logo on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022. Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private. Photographer: Gabby Jones/Bloomberg .

Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood

Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood

The dramatic turn of events adds fresh uncertainties to the outlook of the world’s No. 2 economy and its markets, just as some recent loosening of virus controls and sweeping property rescue efforts have helped Chinese stocks stage a remarkable rebound. The protests, triggered by a deadly fire in an apartment block under lockdown in … Read more

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Street vendors set up outside closed stores in Karachi, Pakistan, on Sunday, Sept. 19, 2021. Pakistan’s central bank is expected to hold its key interest rate for a seventh straight meeting even as an economic recovery from the pandemic is fanning Asia’s fastest inflation. .

Charting the Global Economy: OECD Raises Inflation Forecast

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year to remain above the targets set by many global central banks. While … Read more