SINGAPORE, Sept 19 Reuters The U.S. dollar rose broadly on Thursday, reversing a brief tumble in the immediate aftermath of the Federal Reserve39;s outsized interest rate cut that had been largely priced in by markets. The U.S. central bank on Wednesday kicked off its monetary easing cycle with a largerthanusual halfpercentagepoint reduction that Chair Jerome Powell said […]

FTSE 100 up 0.9 BoE decision due at 1100 GMT Next jumps after hiking forecast Sept 19 Reuters UK shares rose on Thursday, tracking gains in global equities after the Federal Reserve initiated a 50basispoint rate cut, while investors looked ahead to a Bank of England BoE policy decision later in the day. London market […]

Bullion rose to record high of 2,599.92 on Wednesday U.S. jobless claims data due at 1230 GMT Sept 19 Reuters Gold prices climbed on Thursday after hitting a record high in the previous session, as the U.S. Federal Reserve delivered a supersized interest rate cut. Spot gold rose 0.8 to 2,578.40 per ounce, as of […]

UK39;s Ocado soars after retail JV39;s outlook upgrade Next hits record high on raising FY2425 profit forecast STOXX 600 up 0.7 Sept 19 Reuters European stocks jumped on Thursday after the U.S. Federal Reserve delivered a 50basispoint rate cut and flagged that further easing would be measured, raising hopes of a soft landing for the […]

Sept 19 Reuters Sterling rose against a weakening dollar after the Federal Reserve cut interest rates by 50 basis points, with investors awaiting the outcome of the Bank of England policy meeting on Thursday expected to keep borrowing costs on hold. The pound briefly hit 1.3297, its highest level since March 2022, right after the Fed announcement […]

Daron Acemoglu, Institute Professor at MIT and author of books including Why Nations Fail, takes a critical look at AI and explains why the economic and social benefits may have been overstated on Asia Centric.

LONDON, Sept 18 Reuters The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49 to 1.3227, a session […]

Sept 18 Reuters Canada39;s main stock index fell on Wednesday due to losses in energy shares, even as markets braced for the U.S. Federal Reserve39;s monetary policy decision due later in the day. The Toronto Stock Exchange39;s SPTSX composite index was down 105.02 points, or 0.44, at 23,572.68. At the upcoming U.S. Fed39;s policy decision at […]