Alex Loo News Today

(Bloomberg) -- Australia’s central bank kept interest rates at a 12-year high in a widely anticipated decision, while sticking with a neutral stance that surprised markets and sent the currency and bond yields lower. Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal Acc...

The plunge to 160 per dollar immediately filled news reports and social media across Japan. “We cant let our guard down,” Iguchi called repeatedly as trading ensued. Other so-called red-line levels — 155 and 158 — had fallen with no pushback. Some were starting to ask if the authorities would ever act.

Emerging market stocks rose on Tuesday to their highest level in more than a year, as a rally in chipmaker TSMC lifted Taiwan stocks to their all-time high. The MSCI index for emerging...

SHANGHAI, March 28 - Chinas central bank set the yuan fixing at the widest gap against Reuters estimate in nearly five months, as authorities step up efforts to prevent sharp... -March 27, 2024 at 10:11 pm EDT - MarketScreener

Support for the renminbi is vital for its stability in 2024 with the Chinese economy still facing a slew of woes. Read more at straitstimes.com.

(Bloomberg) -- China’s yuan pared losses seen Friday after the central bank signaled its support for the managed currency via a stronger-than-expected daily reference rate.Most Read from BloombergUS Homebuyers Expecting $10,000 Savings Face Tough RealityHarassment and Drugs Plagued a Citigroup Division for YearsFed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationGucci’s China Shock Reverberates Across the Luxury LandscapeThe People’s Bank of ...

China’s central bank cut the five-year rate used as the benchmark for mortgages, in an attempt to revive the demand for apartments.

Bringing Taiwan to the World and the World to Taiwan

Hudson Realty Capital’s Alex Loo talks about the nuanced impact of the volatile economic environment on senior housing financing.

After declines in 2022 due to efforts to shield currencies, forex reserves have recovered to over $5.5 trillion