SYDNEY/HONG KONG China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.
HONG KONG/SYDNEY Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.
* Fund managers bet on China's stimulus, consumption-led
* PBoC chief says ample room to ease policy if needed, dlr
SYDNEY Analysts have yet again downgraded their forecasts for the Australian and New Zealand dollars, as monetary easing in both countries and the risks of further rate cuts in the face of global trade frictions and slowing growth sap risk appetite.
SYDNEY Australia's economic growth slowed to a decade low last quarter, underlining the need for aggressive monetary and fiscal stimulus to stop the resource-rich nation from sliding into recession after 28 straight years of expansion.
SYDNEY Australia's central bank cut rates to a record low on Tuesday and signaled willingness to go further as a worsening Sino-U.S. trade war raises recession risks for the world economy, pushing policymakers into what could be a global monetary easing cycle. | Video
SYDNEY Australia's top central banker said on Tuesday its cash rate could move further down, only hours after it eased policy to an all-time trough in an effort to reduce unemployment and stoke inflation.
SYDNEY, June 4 Australia's top central banker
said on Tuesday its cash rate could move further down, only
hours after it eased policy to an all-time trough in an effort
to reduce unemployment and stoke inflation.
SYDNEY, June 4 Australian retailers suffered a
soggy month of sales in April in yet another sign of gloom for
the broader economy just hours before the country's central bank
is seen likely to cut interest rates to record lows.