(The following statement was released by the rating agency) SYDNEY, May 05 (Fitch) Fitch Ratings says the Reserve Bank of Australia's (RBA) recent interest rate cut is likely to lead to a strengthened macro-prudential response from the Australian Prudential ...
HONG KONG (Reuters) - Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut.
Inflation expectations are picking up again, as a rebound in oil prices helps ease an early-year deflation scare. Measures tracked by the Federal Reserve and the European Central Bank have risen to the highest levels since December.
A new study finds that the Obama administration's controversial plan to cut climate-changing carbon dioxide emissions from coal-burning power plants could also reduce the number of premature deaths in the U.S.
Pacific Investment Management Co. LLC or Pimco's flagship Total Return Fund has ended its 17-year reign as the world's largest bond mutual fund, losing the title to rival Vanguard Group's Total Bond Market Index Fund.