Business
BOJ should keep raising interest rates, Deputy Governor Himino says
[KUSHIRO, Japan] Bank of Japan Deputy Governor Ryozo Himino said on Tuesday it would be appropriate to continue raising interest rates in…
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Rates
Business
South Korea keeps rates unchanged as debt risks grow
South Korea’s central bank held policy interest rates steady for a second straight review on Thursday, amid concerns about financial…
Business
Russians hoard record US$500 billion in banks lured by high rates
Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings…
Business
Food inflation: Rising chocolate and egg prices drive up rates
The rising cost of chocolate, butter and eggs has helped drive food price inflation to its highest in 18 months, a survey says. Food…
Business
Fed Chair Jerome Powell has to walk a fine line between cutting interest rates and bowing to Trump
Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new…
Business
Up to 20% hike in KrisFlyer redemption rates on SIA from Nov 1; move comes amid bid to boost Scoot redemptions
Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption and upgrade rates across most route and cabin…
Business
China leaves benchmark lending rates unchanged in August, matching forecast
China kept benchmark lending rates in August unchanged for the third consecutive month on Wednesday (Aug 20), in line with market…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi tumbles
New Zealand’s central bank cut its policy rate by 25 basis points (bps) to a three-year low of 3 per cent on Wednesday (Aug 20), and…
Business
Thailand’s central bank cuts rates to lowest in two years to support growth
Thailand’s central bank lowered its policy rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months, to support a…
Business
Nomura sees Fed cutting rates by 25bps in September as inflation cools
RA now expects the US Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation…
Business
Stock market rises after inflation report drives hopes for lower interest rates
The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last…
Business
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be…
Business
RBA cuts interest rates, signals more to come as inflation slows
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be…
Business
Bank of England cuts rates to 4% after narrow 5-4 vote
The Bank of England (BOE) cut interest rates on Thursday (Aug 7) but four of its nine policymakers – worried about high inflation – sought…
Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark
Shares of DBS soared to a record high on Thursday (Aug 7) – briefly hitting a milestone S$50 mark – as South-east Asia’s biggest lender…
Business
Bank of England expected to cut interest rates
UK interest rates are widely expected to be cut on Thursday, taking the cost of borrowing to its lowest level for more than two years.…
Business
Housing market reality check: Homeowners finally accept 3% mortgage rates aren’t coming back
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Homeowners are slowly…
Business
India’s central bank holds rates as expected, but growth risks linger
The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50 per cent on Wednesday, in line with expectations, as policymakers…
Business
Hong Kong resumes currency intervention spree amid low rates
Hong Kong’s brief pause from defending its beleaguered currency proved to be short lived, as the authorities were forced to buy local…
Business
Some in Bank of Japan saw scope to hike rates if trade friction eases, June minutes show
Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by US tariffs eased, minutes of the…
News
Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates
Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US…
News
Singapore, Malaysia markets rise; South Korea stocks slump 3% as Trump sets new tariff rates
Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US…
News
Singapore, Malaysia markets rise; Taiwan drops 1.6% as Trump sets new tariff rates
Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US…
News
Asian markets with strong policy support stand to gain as Fed defies Trump’s demand to cut rates
The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time…