For Banks, a Faster Fed Isn’t Better
Lenders benefit from rising rates, but the downsides are more acute when they rise very quickly.
The U.S. central bank needs to kill its policy of “data dependency”—and get investors thinking about the bigger picture.
China’s large-scale local government debt-restructuring program could exceed CNY6 trillion over several years, Morgan Stanley economists write in a note.
Most Asian currencies weakened against the dollar on the lack of details from China’s Ministry of Finance on its fiscal...
South Korea’s benchmark Kospi rose 0.9% to 2620.93 in early trade as financial and semiconductor stocks advanced.
Oil slipped in early Asian trade. The market faces risk of a major correction in coming months, TD Securities said.
Gold fell in early Asian trade amid a possible technical correction after the precious metal rose for a fifth straight...