Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap
European stocks headed for an early decline alongside Asian equities as signs of weakness in China and lower US rate cut forcasts weighed on risk sentiment.
European stocks headed for an early decline alongside Asian equities as signs of weakness in China and lower US rate cut forcasts weighed on risk sentiment.
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
Malaysia’s economy grew faster than initially estimated in the first quarter, driven by private spending and a rebound in exports.
Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal.
A new Asia hedge fund firm created by a former Goldman Sachs Group Inc. managing director will open its Hong Kong office at The Henderson.
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