South Korea extends rate pause, raises growth outlook
SEOUL: South Korea's central bank kept its benchmark policy rate steady for an 11th straight meeting on Thursday as the…
Category: Economy
Savings from fuel subsidies not expected to impact FDI or ringgit
The proposed removal of fuel subsidies is unlikely to impact the ringgit in any way unless it is used to…
Singapore Q1 GDP up 2.7% y/y, above market forecast
SINGAPORE: Singapore's economy grew 2.7% on a year-on-year basis in the first quarter of 2024, government data showed on Thursday,…
EC official sees big private chip investment
The European Chips Act is on track to help attract more than €100bil (US$108.41bil) worth of private investment to the…
Bank Indonesia signals no further rate increases
Indonesia’s central bank held interest rates unchanged yesterday, as expected, with governor Perry Warjiyo reiterating that the current benchmark level…
US to sell off strategic petrol reserves in northeast
The US Department of Energy says that it will sell off a million barrels of petrol from a small strategic…
Exports rise but soft demand weighs on growth
apan’s exports rose for a fifth straight month in April, helped by a boost in value from the weak yen,…
UK inflation cools less than expected
UK inflation fell less than expected last month, fuelling doubt about when the Bank of England (BoE) can start cutting…
Krugman says he’s ‘fanatically confused’ on where rates are going
Nobel laureate in economics Paul Krugman says it’s entirely unclear where interest rate levels are headed over the medium term,…