A fitting farewell for Janet Yellen
Singapore
JANET Yellen's farewell was a fitting one for the central banker - a modest rate hike and some straight talk.
It was the third increase of the year, and the fifth of the current rate hiking cycle. It was also one of Yellen's final acts as Federal Reserve chairwoman, with her four-year term due to end in February. During this time, she oversaw the Fed's reversal from the financial-crisis era's historically loose monetary policy to the current path of very gradual tightening.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked