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WE are seeing global central banks shifting away from an ultra-low interest rate environment, especially in advanced economies, including the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB). Read full story

NEW YORK: Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Read full story

NEW YORK: Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark U.S. Treasuries fell after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Read full story

HOUSTON: Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil. Read full story

LONDON: The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government’s windfall tax plan this week. Read full story

JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government’s bulk cooking oil programme, a senior trade ministry official said on Friday. Read full story

NEW YORK: Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Read full story

Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition. Read full story

PETALING JAYA: Members of the public are welcome to a walk-in sales preview coinciding with the launch of M333 St Kilda by Matrix Concepts, the property developer’s latest development in Australia, from 12pm to 5pm tomorrow (May 29, 2022) at Brick Studio by Metal Bees, Sunway Damansara. Read full story