Markets
Moody’s turns negative on US credit rating, draws Washington ire
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.
Malaysia’s price controls keep rice production low, exacerbating shortages
In September, amid a shortage of white rice in Malaysia, rice mill operator and wholesaler Allen Lim started receiving calls from supermarkets asking for additional supplies. But he had to turn them down.
Sharp fall in imports narrows balance of trade gap in Sept
The Philippines’ balance of trade in goods showed a narrower deficit of USD3.51 billion in September, with the country importing less during the month...
T-bill rates push higher at auction
Treasury bill yields continued to climb at the auction Monday despite bid rejections, with the market still adjusting to the recent central bank rate...
Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
