Business News Headlines

Dollar falls for sixth day as Fed outlook shifts

The dollar headed for its longest losing streak in 2-1/2 years on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, which investors think are more or less over.

Oil dips after Fed comments, U.S. crude stock build

SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world's largest economy, while U.S. crude stocks rose more than expected.

Hong Kong central bank raises policy rate after Fed hike

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday lifted its base rate charged through the overnight discount window by 25 basis points to 5.25%, hours after the U.S. Federal Reserve delivered a rate rise of the same margin.

Evergrande dollar debt revamp plan fails to cheer investors

HONG KONG (Reuters) -China Evergrande Group's offshore debt restructuring proposal, a test of investor sentiment towards the cash-squeezed property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said.

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Biden team eyes Delaware for 2024 campaign HQ - sources

U.S. President Joe Biden's team is leaning toward basing his 2024 re-election campaign in his hometown of Wilmington, Delaware, and is considering at least three people to serve as his campaign manager, Democratic sources familiar with the matters said.