Bloomberg
BusinessDesk publishes select articles from international news service Bloomberg, which has more than 1000 journalists spread around the globe.
World
Fed hikes rates by quarter point, Powell hints at possible pause
US Fed chair Jerome Powell said support for the 25 basis-point rate increase was “very strong across the board”.
World
Australia signals further tightening after unexpected rate hike
The Reserve Bank of Australia increased its cash rate to 3.85%, the highest level since April 2012, in a decision predicted by only nine of 30 economists.
World
JPMorgan jumps to the rescue at First Republic – for a price
The deal hasn’t come cheap for anyone, something policymakers need to keep in mind.
World
China’s factory sector contracts as recovery concerns linger
China’s post-covid recovery has lost steam and needs continued policy support, says an analyst.
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