Business

Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going.Much depends on what the Federal Reserve does with US interest rates, making markets hyper-sensitive to the minutes - due later on Wednesday - of its most recent meeting.Traders are also awaiting the central bank's … [Read more...] about Caution grips Asian shares as Fed events loom large

Downward-spiralling bond yields and other potential signs of global recession have strung a tightrope for the Bank of Japan: it must keep pumping money aggressively to spur growth, but also prevent borrowing costs from sliding too far below the target.If yields keep falling, they could force the BOJ to take a deeper look at the feasibility of yield curve control (YCC), some analysts say. The … [Read more...] about Dropping global bond yields, recession fears put BOJ in a bind

For months, global bond yields have moved one way - down. Now, signs that Germany may finally be prepared to accept higher spending to boost its economy means investors are starting to question whether entrenched market pessimism is justified.Economists have for years called on thrifty governments, above all euro zone powerhouse Germany, to spend more to shore up domestic growth, rather than … [Read more...] about Bond yields a one-way bet? Loosening Europe’s purse strings will end trend

Estonia's Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation's capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well.Bolt, which until early this year was called Taxify, has grabbed business from Uber mostly in major African cities and Eastern … [Read more...] about Uber-rival Bolt enters European food delivery business