China's central bank cuts two key rates to historic lows as trade war simmers
The People's Bank of China said Tuesday that the one-year Loan Prime Rate (LPR), the benchmark for the most advantageous rates lenders can offer, would be cut to 3.0 per cent.
What US losing its last triple-A credit rating means
The US national debt is currently about US$36 trillion. It is the equivalent of about US$106,100 for every single person in the country, according to the Peter G.
Singapore shares close lower, weighed down by US credit rating downgrade
Gainers trailed decliners 212 to 298 across the broader market in Singapore, with 1.21 billion securities valued at $1.15 billion transacted.
JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
The move puts JPMorgan alongside other major banks such as Morgan Stanley, which already allows its financial advisors to pitch clients on some bitcoin ETFs for eligible clients.
RBA poised for ‘hawkish cut’ as US-China reprieve boosts outlook
Economists and money markets expect the Reserve Bank of Australia (RBA) will announce a quarter percentage-point cut on (May 20) to bring its cash rate to a two-year low of 3.85 per cent.
Feeling the pinch? How to cut $100 from your monthly bills
One way to cut costs is to audit your current plan against today’s market offerings.
US import prices unexpectedly rise in April
Economists expect the impact of President Donald Trump’s sweeping import duties to become evident in inflation data by the middle of this year.
30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
It’s now in line with all the major credit rating agencies which have continued to give the U.S. their second-highest available rating.
Mortgage rates in the US rise, sending 30-year average to 6.81%
The average for 30-year, fixed loans was 6.81 per cent, up from 6.76 per cent last week, Freddie Mac said on Thursday (May 15).
Integrated Shield Plans coverage expands to 2.98m Singaporean residents in Q1 2025
This marks an increase of 44,000 more Singaporeans and Permanent Residents compared to Q1 2024.
Longer waiting times at hospital A&E departments this week after long weekend
This was followed by a three-hour wait to be moved to the transit area, where the nurses told her that it would be another 36 to 48 hours before a bed would become available.
US stocks end mostly up after mixed data
But Mr Hogan said markets are bracing themselves for a hit to inflation later in 2025 from the overall policy shift to higher tariffs.