The eagle statue sits on the Marriner S. Eccles building of the Federal Reserve Board on Aug. 6, 2025 in Washington, DC.

Trump moves to fire a Fed governor over mortgage fraud claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

17 hours ago

Markets premium

Govt eases coal and mineral pricing rules after market backlash

However, royalties and taxes will still be calculated using the government’s coal benchmark price (HPB) and mineral benchmark price (HPM). ...

1 day ago

Markets

Asian shares choppy, dollar steady as traders await Powell speech

Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. ...

4 days ago

The Latest

A program coordinator at Mother & Child Education Center checks the lot number on a donated can of baby formula against a list of recalled cans in Portland, Oregon, US, on May 12, 2022. Many NGOs are struggling to meet increased demand from mothers who are unable to find or afford formula in stores.

Markets

US baby formula shortage gives Biden new headache

The United States administration has vowed to take action to boost supplies of baby formula as President Joe Biden was slammed by Republicans for crippling shortages nationwide.

3 years ago

US dollar notes are seen in this Nov. 7, 2016 picture.

Markets

Global growth worries send dollar to new 20-year high

The dollar index rose to its highest level since Dec. 12, 2002.

3 years ago

Apples are stacked for display and sale as people shop at a grocery store in Monterey Park, California, US, on April 12, 2022.

Markets

US inflation may have peaked, but pain continues

With surging prices undermining wage gains and hurting American families, US President Joe Biden said Tuesday that fighting inflation is his top priority, but he may have limited tools to tackle the issue.

3 years ago

An employee works at a ferronickel smelter owned by PT Aneka Tambang (Antam) in Pomalaa, Central Sulawesi, in May 2019.

Markets premium

Metal price rally to cool after China lockdown

The cooling would come after Indonesian benchmark prices for nickel, aluminum and gold rose to all-time highs in April.

3 years ago

People walk past a display showing the Hang Seng Index in Hong Kong, China, on April 22, 2022.

Markets

Asian stocks hit 2-year low on rate hike worries

Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.

3 years ago

A person rides a bicycle on a street during a COVID-19 lockdown in the Jing'an district, in Shanghai, China, on April 29, 2022. Tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession

Markets

Asian stocks follow Wall Street futures lower

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent.

3 years ago

A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, US, on Jan. 18, 2022.

Markets

Asian shares slide after Wall Street frets over rate hike consequences

Asian shares tumbled on Friday while the US dollar and Treasury yields rose in a reversal of a day earlier after investors expressed concerns that rising interest rates could hurt global economic growth.

3 years ago

Markets

Asian shares firm, dollar bruised as Fed hike dashes more hawkish bets

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.52 percent, although trading was thin with Japanese and Korean markets closed for public holidays.

3 years ago

A customer counts US dollar bills at a money changer at the ITC Kuningan shopping center in South Jakarta.

Markets

Dollar towers at two-decade high on growth woes, Fed outlook

The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, while the yen is down almost 7 percent in April and the euro dropped through $1.05 for the first time in five years.

3 years ago

Pedestrians walk past a display showing the Hang Seng Index in Hong Kong on Nov. 8, 2017.

Markets

Asia shares brace for worst month in 2 years on growth fears, dollar buoyant

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent on Friday.

3 years ago

An oil palm plantation in Siak regency, Riau, is pictured on April 26, 2022.

Markets

Indonesian palm oil shares, rupiah hit by tougher export ban

Shares of some of Indonesia's leading palm oil plantation companies and the rupiah currency dropped on Thursday after the government shocked markets by making last-minute changes to an export ban to include crude palm oil and other refined products.

3 years ago

Markets

Earnings help stocks but dollar bulls show nerves

Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs, while the euro hit a five-year low.

3 years ago

Markets

Stocks extend sell-off, dollar firm on global growth fears

Financial markets, already anxious about the prospects for aggressive US interest rate hikes, a spike in global inflation and the Ukraine war, were rattled this week over slowdown fears in China as Beijing stuck firm to stringent COVID-19 lockdowns.

3 years ago

Workers at an oil palm plantation in Pekanbaru, Riau, move harvested palm fruits onto a truck to be transported off for processing into crude palm oil (CPO), on Monday.

Markets premium

Palm oil export ban will hurt us, farmers say

Indonesian farmers fear the government-imposed ban on palm oil exports will see fresh fruit bunch (TBS) prices free fall amid an expected domestic supply glut.

3 years ago

Markets

Asian markets track Wall St rout, oil sinks

Asian markets sank Monday on growing concerns of a sharp hike in US interest rates as officials struggle to contain runaway inflation, while oil was hit by expectations Chinese demand will dry up owing to COVID lockdowns.

3 years ago

Traders work on the floor of the New York Stock Exchange during morning trading on April 12, 2022 in New York City, United States. Data released that morning showed inflation soaring in March

Markets

Asian markets tumble after Fed chief's comments

Asian markets fell sharply at the open on Friday, trailing losses on Wall Street after the US Federal Reserve boss said an interest-rate hike was likely forthcoming.

3 years ago

Markets

Asia shares fall on China slowdown fears, but lower yields limit losses

Chinese and Hong Kong shares hit month lows and the yuan fell to its lowest in six months as Shanghai authorities said tough COVID-19 restrictions would remain in place.

3 years ago

"Kerupuk" (crackers) are shown after they have been dried in the sun at a factory in Depok, West Java, on Jan. 27, 2020.

Markets premium

‘Kerupuk’ to cost more as inflation bites

Jakarta producers of traditional kerupuk (crackers) plan to raise prices on May 6 in response to higher ingredient costs.

3 years ago

Electronic boards display various stock prices at Exchange Square in Hong Kong on March 9, 2020.

Markets

Asian stocks in defensive mood on China and rate worries

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent.

3 years ago

Markets

Nothing stops yen slide, falls to fresh 20-year low

The Japanese yen hit a 20-year low against the dollar on Tuesday in a development attributed to US economic outperformance amid high energy prices while the Ukraine crisis shows no signs of abating.

3 years ago

A pedestrian wearing a face mask walks past a stock indicator displaying numbers of Nikkei 225 of the Tokyo Stock Exchange in Tokyo on January 4, 2021, on the first trading day of the year.

Markets

Asian markets slide, China growth behind target

Tokyo's benchmark Nikkei 225 index was down 1.25 percent in early trade, while Hong Kong and Sydney were closed for holidays.

3 years ago

Play the market: Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Wednesday. Global stocks surged following a dramatic rebound on Wall Street.

Markets

Asian shares climb as US yields ease, China signals economic support

Traders were waiting for a European Central Bank meeting later in the day to see if it was as hawkish as others have been.

3 years ago

A pedestrian walks past an electronic board showing the share prices of the Tokyo Stock Exchange (L) and the foreign exchange rate between the yen and the US dollar (R) in Tokyo on August 13, 2018.

Markets

Asian shares track Wall Street higher as US yields stabilise

Latest US data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively.

3 years ago

Trading hub: A woman walks past a large screen displaying Indonesia Stock Exchange (IDX) data in Jakarta on March 9, 2020.

Markets

Asian stocks mostly up despite red-hot US inflation

Asian stocks went against the losses seen on Wall Street and across Europe.

3 years ago

Markets

Indonesia tech giant GoTo soars on market debut

GoTo, the largest digital ecosystem in the archipelago nation of 270 million people, was formed by the merger of ride-hailing company Gojek and e-commerce platform Tokopedia in May 2021.

3 years ago

Passersby wearing protective face masks walk past a stock quotation board in Tokyo, Japan, on Feb. 24, 2022.

Markets

Asia shares slip ahead of ECB meeting, US inflation test

The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 1.0 percent.

3 years ago

A visitor monitors real-time development of the composite index at the Indonesia Stock Exchange in Jakarta on Sept. 10, 2020.

Markets

Asian markets track Wall St retreat on hawkish Fed bets

Fed monetary policy is at the top of the agenda this week as investors fret over how quickly officials will withdraw their vast pandemic-era financial support.

3 years ago

Facilities of the Novoprtovskoye oil and gas condensates oilfield, 250 km north of the town of Nadym in northern Russia, are pictured on Feb. 18, 2015.

Markets

Oil extends rally on Russia sanctions bets, stocks wobble

European Union officials were discussing new measures against Moscow after reports -- denied by the Kremlin -- that troops had executed civilians.

3 years ago

In this file photo taken on February 10, 2022 Elon Musk gestures as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas.

Markets premium

Elon Musk buys large stake in Twitter, sending stock soaring

Musk, who has more than 80 million followers on the microblogging platform, became its largest shareholder following the purchase of 73.5 million shares or 9.2 percent of common stock.

3 years ago