(Sep 25): Nearly 15 years after the BRICS coalition of major emerging economies was established in 2009, the group has yet to achieve its ambition of ousting the US dollar as the dominant global currency, the New York Post reported.

But the alliance — originally comprising Braz...

Blame BRICS for the end of dollar’s global domination — reports

Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak.

Global central banks unite in 'higher for longer' credo

British companies endured a much tougher September than feared, marked by growing unemployment and recession risks, according to a survey on Friday that underlined why the Bank of England (BOE) halted its run of interest rate hikes this week.

UK recession risk deepens as companies falter — PMI

Big central banks are closing in on the end of their rate hiking cycles, starting to surprise markets as their outlooks on when and how they will cease monetary tightening diverge.

End is in sight for global rate hiking cycle?

The Bank of Japan (BOJ) left its monetary settings unchanged and offered no clear sign of a shift in its policy stance, putting a damper on market speculation over the prospects for a near-term interest rate hike and fuelling pressure on the yen.

BOJ stands pat on stimulus, fuelling pressure on weak yen

The Swiss National Bank (SNB) defied expectations of another interest-rate hike, pausing its monetary tightening in a bid to avoid adding constriction onto a stalled economy.

Policymakers led by president Thomas Jordan left the key rate at 1.75%, an outcome anticipated by only a small minority of economists surveyed by Bloomberg.

Swiss National Bank surprises with rate pause as tightening tames inflation

The Hong Kong Monetary Authority maintained its base rate at 5.75% on Thursday as the US Federal Reserve paused its cycle of hiking rates.

Hong Kong holds rate as Fed presses pause on hiking cycle

If the market vacillations that followed the US Federal Reserve (Fed) are anything to go by, European investors should buckle up ahead of policy decisions from no less than four of the region's biggest central banks on Thursday — with the Bank of England (BOE) providing the crescendo.

Fed fireworks set nervy stage for BOE

Hong Kong’s half-century reign as the world’s freest economy has ended, according to the most recent rankings compiled by a Canadian think tank that cited eroding judicial independence as one factor.

Singapore beats Hong Kong to become ‘world’s freest economy’ for first time

Economic growth in developing Asia this year will be slightly lower than previously expected as the weakness in China's property sector and El Niño-related risks cloud regional prospects, the Asian Development Bank (ADB) said on Wednesday.

China's property crisis weighing on developing Asia's 2023 growth outlook, says ADB

Global debt climbed by US$10 trillion (RM46.82 trillion) in the first half of 2023, resuming its upward march as a share of the world economy after falling for close to two years as inflation surged, according to the Institute of International Finance (IIF).

World debt surges to record US$307 tril, rises as share of GDP

Higher interest rates are starting to bring down the pace of inflation and it’s difficult to determine how far monetary tightening needs to go, according to OECD chief economist Clare Lombardelli.

OECD economist says hard to tell how far monetary policy must go

Vietnam, facing continued global economic headwinds, will struggle to hit the year’s growth target of 6.5%, National Assembly chairman Vuong Dinh Hue told a Hanoi economic forum.

Vietnam says hard to meet 2023 growth target due to global headwinds

The world economy is set for a slowdown as interest-rate increases weigh on activity.

Growth will ease to 2.7% in 2024 after an already “sub-par” expansion of 3% this year, according to the latest OECD forecasts. With the exception of 2020, when Covid struck, that would mark the weakest annual expansion since the global financial crisis.

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