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Inflation shocks rip through markets before key Fed meet

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  Bloomberg Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further on Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in US equity futures. A maelstrom of volatility in the past 24 hours saw almost $3 trillion wiped off global stocks before a reversal with ...

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S Korea to extend FX trading, ease rules for global funds

  Bloomberg South Korea will extend trading in its foreign-exchange market and ease restrictions against overseas investors in a bid to encourage more foreign participation — reversing a decades-old policy intended to limit volatile capital flows. Onshore dollar-won spot market trading hours will be extended significantly from the current 9:00 am to 3:30 pm local time span, the finance ministry ...

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Sheikh Mohamed calls Pakistan premier, condemns Lahore blast

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  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday made a phone call to Imran Khan, Prime Minister of Pakistan, expressing his strong condemnation and denunciation of the blast that hit the Pakistani city of Lahore, which killed a number ...

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