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OCBC will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum interest rate of the local lender’s flagship savings…
A change in marginal incentives can have salutary effects. Source link
President Trump said he may reconsider his decision not to fire Federal Reserve Chairman Jerome Powell amid his growing frustration that the central bank is not cutting interest rates.…
President Trump said he may reconsider his decision not to fire Federal Reserve Chairman Jerome Powell amid his growing frustration that the central bank is not cutting interest rates.…
China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier to support the economy. The one-year…
The world envies Swiss chocolate, army knives, and now . . . interest rates? Swiss National Bank, Switzerland’s central bank, moved interest rates to zero this week, a reduction of 25…
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 labour market and higher energy prices as conflict…
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned…
With US Federal Reserve officials signalling an extended hold on interest rates, investors and economists will look to chair Jerome Powell this week for clues on what might eventually…
Bank of Japan Governor Kazuo Ueda on Tuesday stressed anew the central bank’s readiness to keep raising interest rates if underlying inflation approaches its 2 per cent target.…
When outbreaks of vaccine-preventable diseases such as measles occur despite highly effective vaccines being available, it’s easy to conclude that parents who don’t vaccinate their…
Sea cargo rates have surged, with those for the voyage from Shanghai to the US particularly steep, fuelled by pent-up demand and front-loading as shippers rush to beat the US-China trade…
Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining operational momentum, even though collection rates…
After a turbulent opening to the week, oil markets had a bit of a breather on Thursday. Investors, who are still processing a jumble of bearish data and global supply chain disruptions,…
President Donald Trump on Thursday stepped up pressure on Jerome Powell to cut interest rates, the White House said, describing his first sit-down with the chairman of the…
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global outlook and cooling inflation at home, though it…
Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic…
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend more amid a flagging economy. Lenders including…
China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid see-saw trade tensions with the US. Beijing and…
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US President Donald…
The US Federal Reserve does not want any part of US President Donald Trump’s trade war, and it is determined to sit on the sidelines until the extent of the war’s casualties becomes clear.…
DBS up on Q1 results, dividend announcement; Reits among most actively traded counters fall in early trade Singapore stocks opened weaker on Thursday (May 8) following the overnight…
The Federal Reserve held interest rates steady on Wednesday, defying President Trump's demands to lower rates to ease the economy's transition under his aggressive trade agenda. Source link
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to…
