central bank

 
 

Stormclouds gather for Facebook’s Libra currency

SAN FRANCISCO, Sept 14 — International outcry is mounting over Facebook’s Libra — with central banks, governments and regulators railing against the social media giant’s upstart cryptocurrency. Facebook unveiled plans in June for Libra —…


Bursa Malaysia likely to edge higher to 1,620 next week

KUALA LUMPUR, Sept 14 — Bursa Malaysia is expected to edge higher towards the 1,620 level next week, driven by positive domestic economic performance and Wall Street sentiment, renewed optimism over the breakthrough in the US-China trade war talks…


Ringgit’s upward momentum to continue next week

KUALA LUMPUR, Sept 14 — The improved global sentiment following easing US-China trade tensions is expected to continue driving the ringgit upward next week, moving between 4.15 and 4.1750 against the US dollar. Axi Trader Asia-Pacific market…


PayPal cautious about future of Libra cryptocurrency

SAN FRANCISCO, Sept 14 — PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part of its oversight association. International outcry is mounting over…


Global stocks, bond yields lifted by US-China trade hopes

EW YORK, Sept 13 — A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed yesterday after signs of progress in US-China trade talks, as well as a solid US retail sales report, allayed recession…


Bundesbank chief slams ECB’s Draghi for ‘overshooting the mark’

BERLIN, Sept 13 — The head of Germany’s Bundesbank today hit out at ECB chief Mario Draghi for “overshooting the mark” with his huge stimulus package aimed at propping up the flagging eurozone economy. “Such a far-reaching package was not…


Pound jumps on Brexit hopes as global stocks firmer

LONDON, Sept 13 — The British pound hit a seven-week high against the dollar today on easing fears of a no-deal Brexit. Stock markets meanwhile won support after China said some US agricultural products including pork and soybeans would be exempt…



Euro surges as investors see ECB done with stimulus

LONDON, Sept 13 — The euro rocketed to a 17-day high against the dollar today as German government bond yields surged on the back of investors thinking the European Central Bank was done stimulating the ailing euro zone economy after cutting rates…


Asian markets rally on growing trade hopes and ECB easing

HONG KONG, Sept 13 — Equities rose in Asian trade today after the European Central Bank unveiled a fresh round of economic stimulus and another interest rate cut while a report said the US was considering a short-term trade agreement with China….