Business
Average long-term U.S. mortgage rate drops to lowest level since April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign…
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Rate
Business
Malaysia rate cut bets grow as tariff talks weigh on outlook
Expectations are growing for Malaysia’s central bank to cut interest rates at its policy meeting on Jul 9, which is also the deadline for…
Business
BOJ should resume rate hikes after pause, board member Takata says
Bank of Japan board member Hajime Takata said on Thursday the central bank should resume interest rate hikes following a temporary pause…
Business
Gold prices ease ahead of US data as investors weigh Fed rate stance
Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell’s…
News
Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts
Fed Chair Jerome Powell said Tuesday the magnitude of President Trump's April 2 "Liberation Day" tariffs forced the central bank to take…
Business
Wall Street Hits New Highs as Rate Cut Bets Rise Despite Trade Tensions
US stock markets showed positive movement on Friday. The S&P 500 added 32.05 points, or 0.52%, to end the session at 6,173.07, and the…
Business
Asia: Stocks climb, dollar holds on trade hopes and rate bets
Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.…
Business
Europe: Stocks muted as investors gauge US interest rate outlook
EUROPEAN stocks seesawed throughout Thursday before closing largely flat, as investors weighed the latest signals on the US interest rate…
Business
S-E Asia’s e-commerce platform gross merchandise value growth rate eases: report
South-east Asia’s total e-commerce platform gross merchandise value (GMV) grew at a slower rate of 12 per cent year on year in 2024, as…
Business
Bank of Japan board divided over rate pause and inflation risks, June summary shows
Some Bank of Japan (BBOJ) policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of…
Business
Sembcorp unit prices S$300 million fixed rate notes at 3.55%
The offering is close to seven times oversubscribed against the target issuance size Sembcorp Industries announced on Wednesday (Jun 25)…
Business
US Fed official says open to July interest rate cut
A key US central bank official called on Monday for an interest rate cut as early as July if inflation effects from President Donald…
Business
Gold heads for weekly fall as fewer Fed rate cut prospects weigh
GOLD prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer US interest…
Business
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices,…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank…
Business
Bank of Japan’s gloomy projections suggest no rate hike this year: ex-top economist
The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows…
Business
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
RALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious…
Business
US: Wall Street indexes open muted ahead of Fed's interest rate verdict
Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the…
Business
Gold Prices Surge as Middle East Tensions Rise and Rate Cut Hopes Grow
Markets jittered on Friday as new tensions in the Middle East sent tremors through global finance. Investors fled to gold as a haven in a…
Business
Gold Climbs on Softer Inflation Data as Fed Rate Cut Hopes Rise
A recent shift in sentiment across financial markets has offered some relief to investors who have been grappling with inflation concerns.…
Business
Trump pushes for big rate cut from Fed during 'booming' economy
President Trump is pressing Federal Reserve Chairman Jerome Powell for a full-point cut in interest rates, even as he insists the economy…
Business
Gold Edges Higher as Rate Cut Hopes Grow; Silver Hits 13-Year Peak on Industrial Demand
Gold offered a glimmer of hope for many investors who kept an eye on the tumultuous markets this week. Amid mounting jobless claims and…
Business
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction,…