Fed alterations increase uncertainty

Fed alterations increase uncertainty

The latest initiatives of the US Federal Reserve to leave its benchmark short-term borrowing rate near zero, while signalling an imminent rate hike, is leaving other emerging economies’ central banks high and dry.
Lenders shore up business activities

Lenders shore up business activities

Central banks have taken up new relief plans to mitigate a sharp contraction sparked by the coronavirus outbreak across the globe, including cutting costs, slashing rates, and delaying dividend payouts.
Central banks attempt to address sluggish growth

Central banks attempt to address sluggish growth

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.
Dollar edges up but central banks action weighs

Dollar edges up but central banks action weighs

The greenback edged up in Asian trade Friday as traders adjusted their positions but an agreement among major central banks to provide dollar funding kept pressure on the US unit, dealers said.
Gold prices set fresh record: VND41.55 mln

Gold prices set fresh record: VND41.55 mln

Domestic gold price as of 4:30 pm set a fresh all-time record at VND41.55 million a tael after its world counterpart skyrocketed to $1,667 an ounce.