Business
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority…
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Rate
Business
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Gold at one-month low after US Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to…
Business
STI continues losing streak, falls 0.4 per cent after US Fed signals fewer rate cuts
SINGAPORE shares fell at the end of trading on Thursday (Dec 19), with the Straits Times Index (STI) tracking Asian indices after the US…
Business
China central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds,…
Business
Economists weigh in after Tesla CEO Elon Musk says Singapore is ‘going extinct’ amid low birth rate
THE oft-discussed issue of Singapore’s low birth rate was recently flagged by Tesla chief executive Elon Musk who declared that Singapore…
Business
Cromwell E-Reit manager to refinance office loans early with higher all-in interest rate facility
This is to facilitate the divestment of its stake in the Reit and European fund management platform THE manager of Cromwell European Real…
Business
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary…
Business
CPF Special, MediSave and Retirement Accounts’ interest rate falls to 4% for Q1 2025
THE interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will fall to the floor rate of 4…
Business
Bond traders see inflation data as key to cinching next rate cut
BOND traders are hoping to coast to the end of a volatile year – unless a surprise jump in inflation throws them another curve. Treasuries…
Business
How 1% Interest Rate Changes Affect Mortgage Payments
Understanding how interest rates impact mortgage payments is crucial for homeowners. A small change in the interest rate can lead to…
Business
Canada's jobless rate jumps to near 8-year high of 6.8% in November
OTTAWA (Reuters) - Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic…
Business
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up…
Business
As Argentina's inflation rate cools, consumers still feel squeezed
BUENOS AIRES (Reuters) - Argentine President Javier Milei's dramatic austerity agenda has helped lower inflation, but the slowdown has…
Politics
Employment rate for Ukrainian refugees in Germany doubles since 2022
The employment rate among Ukrainian refugees in Germany has almost doubled since 2022, authorities said on Thursday. The study from the…
Politics
Bad Polls for Japan’s Ruling Coalition May Cloud BOJ Rate Path
(Bloomberg) -- Support for Japanese Prime Minister Shigeru Ishiba’s ruling coalition is continuing to soften in the runup to this coming…
Business
Australian central bank reforms stall as Greens demand rate cuts
SYDNEY (Reuters) - Long-delayed reforms to the Reserve Bank of Australia (RBA) faced a fresh setback on Monday as Greens lawmakers…
Business
Mexico City assembly OKs strongest rent control since the 1940s, limiting rises to inflation rate
MEXICO CITY (AP) — The legislature of Mexico City approved the most ambitious rent control law since the 1940s Thursday, limiting rent…
Politics
Price instability rocks Ethiopia as it reels from foreign exchange rate reforms
ADDIS ABABA, Ethiopia (AP) — The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital. That was no…
Business
Expats rate Vietnam as most affordable country for 2024
[Source] Vietnam has maintained its No. 1 position in the Personal Finance Index for 2024, being recognized as the most affordable country…