Once Unthinkable Bond Yields Now the New Normal For Markets
It was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay.
It was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay.
Macau’s casino gaming revenue growth slowed in September, with the sector expected to get a boost this month from China’s Golden Week holiday.
The European Union has been accelerating its push to become the first climate-neutral continent. A new policy coming into force on Sunday will be a first step toward nudging other parts of the world to follow suit.
At the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda.
Thailand expects to attract 2.9 million arrivals and billions of dollars in revenue from a Chinese tourism boom as a result of a new five-month holiday period visa exemption program, part of a bid to help strengthen the nation’s wobbly economic recovery.
Firefighters are rushing to extinguish forest and land fires across parts of Indonesia, with the scorching weather in the Southeast Asian nation worsened by an El Nino dry spell and set to peak this month.
The US narrowly averted a disruptive and costly shutdown of federal agencies as Congress passed compromise legislation to keep the government running until Nov. 17.
A private gauge of China’s manufacturing activity slowed its pace of expansion in September, suggesting there’s still room for caution as the nation charts its economic trajectory for the rest of the year.
A fire alarm went off in a Capitol Hill building Saturday, adding to the tension as US lawmakers worked to hash out a last-minute deal to avoid a government shutdown.
Lawmakers omitted further aid to Ukraine in a measure passed Saturday to avoid a federal government shutdown, signaling that US support for funding its fight against the Russian invasion is getting harder.