Australia’s central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signaled a steady outlook for some time to come. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 42 analysts had found all but one expected […]
Read moreSouth Korea said on Tuesday an agreement with the United States to scrap a weight limit on its warheads would help it respond to North Korea’s nuclear and missile threat after Pyongyang conducted its sixth and largest nuclear test two days ago. South Korean officials believe more provocation from the reclusive state is possible, despite […]
Read moreChina is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported, citing sources. China banned and deemed illegal the practice of raising funds through launches of token-based digital currencies, targeting so-called initial coin offerings (ICO) in a market that has exploded […]
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The calendar may still say “summer” but everyone else is saying “fall,” a word that takes on a whole new meaning for the market when it comes to September. In the week ahead, there’s also a world seemingly at war to think about, more on the economy and some other bits and bites to consider. […]
Read moreChina’s services sector expanded at a faster clip in August as new business orders picked up, a private business survey showed on Tuesday, pointing to renewed strength in a key part of the world’s second-largest economy. The findings were in line with an official gauge of the non-manufacturing sector published last week which also showed […]
Read moreThe Japanese government is drawing up plans to evacuate its citizens from South Korea in the event of a war, the Nikkei Asian Review reported on Tuesday. That’s no small feat, as there are about 38,000 long-term Japanese residents and another 19,000 tourists and short-terms travelers in South Korea, Nikkei added. North Korea conducted its […]
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