Asia to Extend Risk Rally After US CPI Decline: Markets Wrap
European stocks hovered near record highs Thursday after US inflation data reinforced bets that the Federal Reserve will start cutting interest rates this year.
European stocks hovered near record highs Thursday after US inflation data reinforced bets that the Federal Reserve will start cutting interest rates this year.
The Philippine central bank may pivot to monetary easing as early as August as price risks moderate, Governor Eli Remolona said on Thursday after announcing that the key rate was kept unchanged at a 17-year high.
A top China rainmaker at McKinsey & Co. is leaving the global consulting firm after more than three decades, at a time when it’s reshuffling senior leadership ranks to adapt to a shifting business and political landscape.
China’s economy likely continued to show signs of improvement in April, buoying the outlook for recovery as policymakers ramped up support.
Siemens AG saw demand for factory-automation products in China weaken further as the German company continued its shift away from heavy-equipment manufacturing with the €3.5 billion sale of its large-motor business.
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