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Asian markets rally on Fed rate hopes, oil eases after surge
Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.
China's Country Garden says might not meet all debt obligations
Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default. In a filing with the Hong Kong Stock Exchange, the firm said it "expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods".
Hollywood writers sign off on new deal
Hollywood writers overwhelmingly voted to approve a hard-fought new deal with studios, their union said Monday, officially ending one of the industry's longest ever strikes. "99 percent of WGA members have voted in favor of ratifying" the contract, allowing them to return to work on improved terms, said the Writers Guild of America on social media.
US Fed should proceed 'carefully' on rate hikes, officials say
The US Federal Reserve should proceed carefully when deciding whether or not to hike interest rates further to bring down inflation, two senior officials said Monday. Earlier Monday, Dallas Fed President Lorie Logan said she would "carefully" evaluate economic and financial developments when deciding if to back another rate hike.
Claudia Goldin: Nobel-winning sleuth of the gender pay gap
Claudia Goldin has long thought of herself as a kind of detective within economics, employing tools across academic disciplines in a quest to examine how women fit into the workforce. "Under these conditions, women will shift to a firm with less demanding hours or leave the workforce," Goldin said in a 2021 interview with Harvard Business Review.
Claudia Goldin wins Nobel for work on women in the labour market
The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of women in the labour market. The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said.
Claudia Goldin of the US wins Nobel economics prize
The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research helping understand the role of women in the labour market. The Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said.
OPEC sees no peak in global oil demand on the horizon
Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude to continue to grow for the next two decades. "What is clear is that the world will continue to need more energy in the decades to come," he emphasised in the forward to the report -- which comes just eight weeks before the next UN climate conference, COP28, in Dubai.
Oil prices jump as Hamas attack on Israel fuels supply fears
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. "But with Middle East analysts considering this to be a pivotal moment for Israel, the view looks incendiary in any current scenario."
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