The people in the Asia Pacific region need growth and employment, not submarines and gunpowder. — China’s Foreign Ministry spokesman Zhao Lijian on the recent US-UK-Australia (Aukus) defence deal.

Fed taper could start ‘soon’ and end around mid-2022: Powell

Federal Reserve Chair Jerome Powell said the US central bank could begin scaling back asset purchases in November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook