IMF steering committee urges central banks to closely monitor inflation


WASHINGTON (Reuters) – The International Monetary Fund’s steering committee on Thursday urged global policymakers to monitor pricing dynamics closely, but to “look through” inflationary pressures that are transitory and will fade as economies normalize.FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at […]

Chinese property firms suffer fresh downgrades amid Evergrande crisis


SHANGHAI/LONDON (Reuters) – The rumbling crisis at China Evergrande Group and other major homebuilders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday and triggered a fresh round of credit rating downgrades.FILE PHOTO: The China Evergrande Centre building sign […]

Dollar eases from one-year high before CPI data as Fed clues sought


TOKYO (Reuters) – The dollar eased back from a one-year high versus major peers on Wednesday ahead of U.S. consumer price data that could provide additional clues on when the Federal Reserve will taper stimulus and raise interest rates.FILE PHOTO: A picture illustration shows U.S. […]

Asian shares edgy amid inflation fears, dollar at one-year high


HONG KONG (Reuters) – Asian shares were on edge on Wednesday as worries about soaring power prices fuelling inflation weighed on sentiment and drove expectations the United States would taper its emergency bond buying programme, holding the dollar at a one-year high.FILE PHOTO: A man […]