European Central Bank warns of weak economy after delivering quarter-point rate cut
The European Central Bank announced a 25-basis-point interest rate cut on Thursday, its fifth one since the central bank began easing monetary policy in June last year.
US Fed pauses rate cuts, resisting Trump pressure
Policymakers voted unanimously to keep the Fed’s benchmark lending rate at between 4.25 per cent and 4.5 per cent, the Fed announced in a statement.
Man who brazenly hid wealth ordered to add $10 million to assets to be split with ex-wife
He also awarded the man’s former wife 69 per cent of the matrimonial assets of about $10.2 million – which was more than the 50 per cent she had asked for.
‘So shocked by increase’: No easy solutions as Malaysians grapple with sharp spike in medical insurance costs
Deputy finance minister Lim Hui Ying said medical insurers must cap annual premium increases at 10 per cent, ensuring the cumulative increase by end-2026 does not exceed 30 per cent.
Nvidia drops 16% as China’s DeepSeek AI model sparks global tech sell-off
These developments have bolstered questions about the large amounts of money big tech companies have been investing in artificial intelligence models and data centers.
US Fed prepares to pause in first interest rate decision since Trump's inauguration
Financial markets saw a probability of more than 99 per cent on Friday afternoon that the Fed would vote to hold interest rates at their current level of between 4.25 and 4.50 per cent
T-bills remain an option for low-risk portion of an investment portfolio as yields hold around 3%
T-bills caught the attention of investors from all walks of life here in the second half of 2022, when cut-off yields started climbing close to 3 per cent.
HDB resale prices expected to grow slower in 2025: Analysts
More Build-to-Order (BTO) flats with shorter waiting times will be launched for sale, while lower loan interest rates may attract more people to the private property market, they added.
MAS eases monetary policy settings, lowers 2025 core inflation forecast to between 1% and 2%
The official outlook for this year’s gross domestic product is 1 to 3 per cent, lower than the 4 per cent growth estimated for the full year in 2024.
Singapore core inflation drops further to 1.8% in December
This is above the 1.7 per cent forecast by economists in a Bloomberg poll. It is still the lowest since November 2021 when core inflation was 1.6 per cent.
Singapore factory output grows 10.6% in December, beating forecasts
Total output expanded 10.6 per cent year on year, after an upwardly revised 10.8 per cent increase in November and a modest 1.2 per cent rise in October.
Bank of Japan raises interest rates to highest in 17 years, yen jumps
At its two-day meeting concluding on Friday, the BOJ raised its short-term policy rate from 0.25 per cent to 0.5 per cent - a level Japan has not seen in 17 years.