SYDNEY Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going.
SYDNEY, Aug 21 Asian shares flatlined on
Wednesday as worries about global recession and endless trade
wars vied with hopes for a lot more monetary and fiscal stimulus
to keep growth going.
SYDNEY, Aug 21 Asian shares fell on Wednesday as
fresh worries about a global recession led investors to dump
risky assets, with U.S. President Donald Trump showing no signs
of backing down in his trade war with China.
SYDNEY Commonwealth Bank, HSBC and Citi are betting that Australia's central bank will cut interest rates more steeply than previously thought as global trade tensions ratchet up and domestic hiring intentions slow.
SYDNEY As the Sino-U.S. trade war raise fears of a global recession, businesses run the risk of being caught in a self-fulfilling vicious cycle, a top Australian central banker warned on Thursday, threatening the country's sturdy jobs market.
SYDNEY, Aug 15 Commonwealth Bank of Australia
said on Thursday it expects two more rate cuts from the
country's central bank by February, as indicators on hiring
intentions point to weakness ahead and global trade tensions
SYDNEY Australian wages growth stayed stubbornly weak last quarter in a disappointing outcome for household consumption and provided further evidence of ample spare capacity in the country's labor market despite a strong run of jobs lately.
SYDNEY Australia won't rule out unconventional monetary policy to revive its economy, but a senior central banker said on Tuesday that such a prospect was unlikely as the recent rate cuts are expected to support growth.
SYDNEY, Aug 12 The dollar remained on the
defensive against the safe-haven yen on Monday as the Sino-U.S.
trade dispute looked set to drag on with no settlement in sight,
while holidays in Japan and Singapore made for very thin
SYDNEY Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom.