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…
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Rates
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…
Business
Bank of Japan offers cautiously upbeat view, keeps rates steady
The Bank of Japan kept interest rates steady on Thursday and offered a cautiously optimistic view on the economic outlook, after Tokyo’s…
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US Fed leaves rates unchanged despite Trump’s pressure, with two governors dissenting
The US central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s comments after the decision undercut…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming…
Business
DBS, OCBC, UOB Q2 results likely to be weighed down by lower interest rates
The trio of local banks will likely post weaker results for the second quarter of 2025, weighed down by lower net interest income from…
Business
Europe: Shares close higher after ECB leaves rates unchanged
EUROPEAN stocks closed higher on Thursday after the European Central Bank held interest rates steady as expected, while investors cheered…
Business
ECB leaves interest rates unchanged amid tariff uncertainty
The European Central Bank left its main interest rate unchanged at 2 per cent as expected on Thursday (Jul 24), taking a break after a…
Business
ECB keeps rates steady as it awaits clarity over trade
The European Central Bank left interest rates unchanged on Thursday (Jul 24) after cutting eight times in a year, biding its time while…
Business
Temasek’s Azalea to issue Astrea 9 PE-backed bonds; interest rates to be decided
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Australia central bank wary of cutting rates too quickly, prudent to await more data
Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of…
Business
Chinese investors’ FX pile hits US$1 trillion amid low local rates
Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the…
Business
Bank of Korea holds rates steady amid tariff, household debt concerns
South Korea’s central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial…
Business
Australia’s central bank keeps rates steady at 3.85%, stuns markets
Australia’s central bank on Tuesday (Jul 8) left its cash rate steady at 3.85 per cent, a shock for markets that had confidently wagered…
Business
OCBC trims 360 Account interest rates for the second time in 2025
OCBC will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum…
Business
Some in Bank of Japan called for keeping rates low for now, June summary shows
Several opinions have warned of the expected hit to Japan’s fragile economy from sweeping US tariffs Some Bank of Japan (BOJ) policymakers…
Business
China keeps benchmark lending rates unchanged as expected in June
China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month…
Business
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Fed on hold leaves Wall Street asking what it will take to cut interest rates
With US Federal Reserve officials signalling an extended hold on interest rates, investors and economists will look to chair Jerome Powell…
Business
Bank of Japan vows to keep raising rates if underlying inflation accelerates
Bank of Japan Governor Kazuo Ueda on Tuesday stressed anew the central bank’s readiness to keep raising interest rates if underlying…
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Container shipping rates soar, impact on shippers outside China felt
Sea cargo rates have surged, with those for the voyage from Shanghai to the US particularly steep, fuelled by pent-up demand and…
Business
Cordlife collection rates have not recovered to pre-incident levels, but resumption of Singapore operations are ‘encouraging’
Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining…