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Shares of Hong Kong developers dropped after the city followed the Federal Reserve with an interest rate increase, fueling concerns that higher borrowing costs may derail a nascent housing market recovery.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Mumbai: Indian equity benchmarks opened lower on Thursday as the US Federal Reserve’s interest-rate increase and geopolitical tensions weakened investor sentiment. The BSE Sensex opened at 74,182.62, falling 150 points, or 0.21%. The NSE Nifty 50 began trading at 23,195.25, down 22.35 points, or 0.10%.
Electronic payment providers need to be more diligent in vetting companies that use their platforms to protect people from fraud, the Philippine central bank said. The requirement came after Bangko Sentral ng Pilipinas found thousands of illegal businesses on the payment platforms, including many online casinos masquerading as more…
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The AUD/JPY cross trades in positive territory around 110.90 during the early European session on Thursday. Elevated energy prices due to the ongoing conflict in the Middle East weigh on the Japanese Yen (JPY) against the Australian Dollar (AUD) as Japan is an oil-dependent economy.
