Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap
Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s US inflation reading.
Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s US inflation reading.
Gridiron Capital senior managing director Will Hausberg and managing directors Brad Skaf and Doug Rosenstein are leaving the private equity firm, according to people with knowledge of the matter.
Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates.
President Gustavo Petro met with Colombia’s central bank board a day after accusing them of throttling the nation’s economic growth.
Eversource Capital, which closed India’s largest climate impact fund in 2022, is seeking to raise at least $1 billion as it scouts for companies to back in other Asian countries, according to its Chief Executive Officer.
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