Latest Central banking News

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 02:34 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground. Analysts said markets were focusing on a variety of risks, including inflation,...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 00:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground after plunging on Monday. Analysts said markets were focusing on a variety of...

Australian central bank boosts rate for 3rd month in a row

Jul. 05, 2022 01:59 AM EDT

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a third time in three straight months, changing the cash rate to 1.35% from 0.85%. The Reserve Bank of Australia’s half a percentage point rise was the same size as its June...

Australian central bank boosts rate for 3rd month in a row, countering inflation

Jul. 05, 2022 00:46 AM EDT
CANBERRA, Australia (AP) — Australian central bank boosts rate for 3rd month in a row, countering inflation.

This Week: Fed minutes, Levi Strauss earns, jobs report

Jul. 04, 2022 01:04 AM EDT

A look at some of the key business events and economic indicators upcoming this week: CLOSE-UP ON THE FED The Federal Reserve serves up the minutes from its most recent interest rate policy meeting Wednesday. At the meeting last month, the central bank...

Dutch central bank chief apologizes for links to slavery

Jul. 01, 2022 09:16 AM EDT

AMSTERDAM (AP) — The Dutch central bank chief apologized Friday for the institution's involvement in the 19th-century slave trade, the latest expression of contrition in the Netherlands linked to the country's historic role in the trade in enslaved people. The apology came at an...

Inflation hits record 8.6% for 19 countries using the euro

Jul. 01, 2022 07:02 AM EDT

LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine. Annual inflation in the eurozone's 19 countries hit 8.6% in June, surging past the 8.1% recorded in May,...

Asian shares mostly lower after pessimistic 'tankan' survey

Jun. 30, 2022 23:50 PM EDT

TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with...

From stocks to crypto, a punishing six months for investors

Jun. 30, 2022 17:23 PM EDT

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time...

Key inflation gauge tracked by the Fed remains a high 6.3%

Jun. 30, 2022 09:21 AM EDT

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring...