Financial markets
The stock market surged to record highs yesterday due to investors' optimistic views on sustained economic growth and low interest rates. The Dow Jones industrial average rose by 18.30 points to 3,926.30, breaking its 10th record closing mark this year. The Standard & Poor's
Banks (Finance)
The Bank of Canada's key interest rate has fallen below 4% for the first time in over three decades, sparking hopes that lower financing costs will boost consumer confidence. The rate dropped to 3.98% from 4.04% last week, marking a significant trend towards lower short-term rates.
Banks (Finance)
Short-term interest rates in Canada have continued to decline, sparking hopes that chartered banks will soon lower the prime lending rate from its current 32-year low of 5.50 per cent. Experts predict that a reduction in borrowing costs for banks' best customers could happen by the end of
Financial markets
The Hong Kong stock market reached another record high on its first session of the year, driven by a buying frenzy from foreign investors. The Hang Seng index surged 198.10 points to 12,086, capping a remarkable year in which it has risen almost 120 per cent. Despite a
Financial markets
Jakarta's small but booming stock market has witnessed a stunning transformation in just three years, going from one of the world's worst-performing exchanges to one of its best. Local investors, who had deserted the market after it collapsed in 1991, have since returned, even rioting to
