Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

US stocks end with steep declines

NEW YORK (AFP) – Wall Street equities ended with solid losses on Tuesday as US central bankers opened their two-day policy meeting which is widely expected to end with a three-quarter-point interest rate hike. Fed officials have vowed to raise rates to bring down soaring inflation, with some observers speculating about a possible one-percentage-point move. […]

Mazda Production and Sales Results for June 2022 and for January through June 2022

HIROSHIMA, Japan, Jul 29, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for June 2022 and for January through June 2022 are summarized below. I. Production 1. Domestic Production(1) June 2022Mazda’s domestic production volume in June 2022 increased 1.3% year on year due to increased production of passenger vehicles. […]

Mazda Production and Sales Results for May 2022

HIROSHIMA, Japan, Jun 30, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for May 2022 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in May 2022 decreased 30.2% year on year due to decreased production of passenger vehicles. [Domestic production of key models in May 2022]CX-5: […]

Why the Fed is risking a recession

NEW YORK (NYTIMES) – Recession fears are ramping up as the US Federal Reserve embarks upon an aggressive campaign to raise interest rates, and politicians and members of the public are increasingly questioning why central bankers are planning to cause the economy pain. The short answer is: This is the tool the Fed has to […]