Sep 19 2024, 10:40 Hong Kong stocks rose to their highest level this month after the Federal Reserve cut the benchmark interest rate by a half-point. The Hang Seng Index climbed 1.1 per cent to 17,854.58 as of 10.47am local time. The Hang Seng Tech Index rallied 2.5 per cent and the Shanghai Composite Index…
Sep 19 2024, 06:55 Gold was steady following a tumultuous session in which it touched a record high after the Federal Reserve cut rates by 50 basis points, before retreating as Chair Jerome Powell signaled policymakers aren’t in a rush to ease aggressively. Bullion traded near $2,560 an ounce, after slipping 0.4% on Wednesday. While the…
Sep 19 2024, 07:02 Oil slipped for a second session as signs of weak US demand offset a steep interest rate cut from the Federal Reserve and escalating tensions in the Middle East. West Texas Intermediate declined toward $70 a barrel after losing 0.4% on Wednesday, while Brent closed below $74. US gasoline demand dropped further below 9…
