Business
Bank of Korea holds rate steady after inflation sped up and won wobbled
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and…
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Rate
Business
Bank of Korea holds rate steady while citing big rise in downside risks
The Bank of Korea kept its benchmark interest rate steady while citing a significant increase in downside risks to growth that have…
News
Fiscal conservatives, small businesses warn against raising top tax rate
Conservative activists and small businesses pushed back on the White House and congressional Republicans considering raising taxes on the…
Business
RBNZ delivers fifth straight rate cut, signals more to come
The Monetary Policy Committee is now chaired by governor Christian Hawkesby, who has taken the role on an interim basis following the…
Business
Trade war boosts odds of Bank of England pushing ahead with May rate cut
THE threat of a global trade war is set to tip the balance at the Bank of England toward more interest-rate cuts, investors and economists…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Japan’s corporate service inflation hits 3.0%, keeps BOJ rate hike bets alive
A leading indicator of Japan’s service-sector inflation hit 3.0 per cent in February, data showed on Wednesday, keeping alive expectations…
News
Gold slips as Trump eases tariff threats, Fed shows caution over rate cut
Gold inched lower on Tuesday (Mar 25) after US President Donald Trump eased concerns by stating that not all of his proposed tariffs would…
Business
BlackRock shifts to US junk bonds with ECB set to slow rate cuts
BlackRock is taking advantage of recent outperformance in European credit markets to sell some junk bonds there and buy more in the US in…
Business
Thailand may yet embark on region’s most aggressive rate cuts
[BANGKOK, JAKARTA] The Bank of Thailand (BOT), which has long resisted interest-rate cuts despite immense political pressure, may end up…
Business
Singapore shares rise after Fed rate cut pause; STI up 0.6%
Shares on the Singapore bourse ended higher on Thursday (Mar 20), following the US Federal Reserve’s decision to hold off on interest-rate…
Business
UK posts strong wage growth ahead of BOE rate decision
UK wage growth held at its highest level in nine months and employment rose, evidence of resilient demand for workers that will likely…
Business
Asian markets get ‘breather’ with US Fed’s rate cut pause
The US Federal Reserve’s decision to hold off on interest rate cuts gives Asian markets “a breather” and more room for certainty, said…
Business
Gold climbs to record high as Fed signals two rate cuts in 2025
Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a…
Business
Oil rises on US fuel demand, Fed rate decision caps gains
Oil prices edged up on Wednesday (Mar 19) after US government data showed a draw in fuel inventories, but the Federal Reserve’s decision…
Business
UOB prices A$2 billion floating rate senior unsecured notes
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes.…
Business
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Business
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according…
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
Business
Japan’s historic rate shift is turbo-charging the credit market
JAPAN’S corporate bond market is booming, as an economic rebound and plans to get ahead of higher interest rates encourage a flurry of…
Business
Australia set for first rate cut since 2020 as trade risks mount
AUSTRALIA’S central bank is poised to cut interest rates for the first time in four years even as the board remains alert to potential…
Business
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…