Forbes 50 Richest: IOI brothers go into top five for first time but weak ringgit drags down Malaysian billionaires' wealth
The MSCI index for emerging market stocks shed 1.7 per cent, while currencies slipped 0.3 per cent by 0830 GMT . Meanwhile, the US dollar soared to a five-month high as traders also pushed back expectations for the timing and size of any rate cuts from the Fed. “China certainly isn’t out of the woods just yet - it has been battling against a cocktail of headwinds including its ongoing property crisis, weak consumer confidence and tumbling exports in March,” said Victoria Scholar, head of investment at Interactive Investor.
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US stocks close lower as Middle East tensions, Treasury yields weighNEW YORK, April 16 ― US stocks closed sharply lower yesterday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about...
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