Funding & Business
Asian Stocks Set to Advance After Powell Pivot: Markets Wrap
Equities in Asia were set to track Wall Street higher Monday after Federal Reserve Chairman Jerome Powell opened the door to a resumption of rate cuts next month.
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Bangladesh’s central bank is working to boost its reserves to about $40 billion by the end of the fiscal year in June in an effort to stabilize its exchange rate, Governor Ahsan H. Mansur said.
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The People’s Bank of China increased its gold holdings in August for a 10th month, in a continued push to diversify its reserves away from US dollars.
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President Luiz Inacio Lula da Silva said Brazil is capable of governing itself without foreign interference, and criticized local politicians who are encouraging “attacks” on the nation.
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