top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

18 Jan 2022

Asian Shares Plummet while Bond Yields Soar Prior to Fed Rate Hike Policy

The Index Today

On Tuesday, Asian shares faced a drop while two-year U.S. Treasury yields rose by 1% ahead of the U.S. Federal Reserve’s upcoming policy on a potential earlier-than-expected interest rate hike implementation.

MSCI’s broadest index of Asia-Pacific shares outside Japan surged by 0.4% before dipping by 0.45%. While Japan’s Nikkei plunged by 0.23%, Hong Kong’s Hang Seng Index fell from a 0.6% gain to 0.42%. These developments have been informed by the two-year U.S. Treasury yields which soared over 1% since February, 2020.

Oil reached a record seven-year high after Yemen’s Houthis instigated an attack on the United Arab Emirates.

According to John Milroy of Sydney’s Ord Minnett, “[Fed rate hikes] will be faster than markets currently expect. Boom conditions remain in the U.S. with a tight labour market. Good for world growth but adds to the inflationary pressures."

©Photo: Reuters

Clay pottery with table linens
bottom of page