With the Federal Reserve
widely expected to raise interest rates on Wednesday, financial
markets are focused on whether signs of an acceleration in U.S.
economic growth will prompt the central bank to ramp up the pace
of monetary policy tightening.
Singapore shares gave up most of their
early gains on Wednesday after data showed factory output growth
in August slowed more than expected, while Philippine stocks
weakened for a second straight session ahead of an expected rate
hike on Thursday.
Investors were also cautious as they...
German Deputy Finance Minister
Joerg Kukies on Wednesday urged insurers to prepare for a
no-deal Brexit and added that the German government was very
interested in attracting financial service providers looking to
leave Britain due to Brexit.