WASHINGTON: Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed policy meeting because he thought the economy was now strong enough to warrant higher interest rates.
BEIJING: Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday.
Hong Kong: Asian markets eased Thursday, following a lead from Wall Street, as investors looked to next week's Federal Reserve policy meeting with speculation growing that the bank will cut its stimulus programme. Tokyo fell 1.12 per cent, or 173.24 points, to close at 15,341.82, while Seoul slipped 0.51 per cent, or 10.04 points, to 1,967.93 and Sydney ended 0.82 per cent, or 41.7 points, lower at 5,062.5. Shanghai closed a tad lower, dipping 1.37 points to 2,202.80 while Hong Kong lost 0.51 per cent, or 120.12 points, to…