After months of rumor and speculation, President Joe Biden announced the details on a broad vision for student loan debt repayment and debt cancellation on Wednesday. Through an
By CHRISTOPHER RUGABER WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the
By DAMIAN J. TROISE NEW YORK (AP) — The Dow Jones Industrial Average dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures
WASHINGTON — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed
SINGAPORE (BLOOMBERG) – Binance Asia Services, which recently withdrew an application to offer cryptocurrency services in Singapore, did not meet the central bank’s criteria for safeguarding against money laundering
TOKYO (REUTERS) – The United States dollar traded near a one-week high versus a basket of major rivals on Tuesday (Dec 14), supported by expectations of a hawkish
(BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However,
SINGAPORE – Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess
