HONG KONG - Asian equities mostly rose and the dollar was subdued on Thursday after the US Federal Reserve indicated it was unlikely to change interest rates throughout next year, while the pound was in focus as the UK prepares to vote in a general election.
The central bank, which has cut borrowing costs three times this year, said after a two-day meeting it would hold them for now and set its sights on low inflation and the global economy. Hong Kong, Seoul and Taipei each piled on more than one per cent, Tokyo added 0.2 per cent by the break, Singapore jumped 0.8 per cent and Jakarta rose 0.3 per cent.
However, while both sides have played up the good work so far, there are growing worries that the US will not cancel or delay fresh levies due on December 15, which observers fear could block any further progress in the negotiations.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »