Standard Chartered Bank ups maximum interest rate on savings account to record 8.05%
With the revision, account holders now earn a bonus interest rate of 1.5 per cent a year when they spend at least S$1,000 monthly with eligible credit and debit cards, up from 1 per cent.
ECB expected to cut rates again as Trump trade war rumbles on
Analysts expect another quarter-point reduction that would take the Frankfurt-based institution’s key deposit rate to 2 per cent.
Grab makes move to enter motor insurance market in Singapore
Some industry insiders said the move could deal a blow to the dominance of existing players like Income Insurance.
Singapore dollar strength a boon for holidaymakers and students in the US
The Singdollar has strengthened 6 per cent to 7 per cent against a weakening US dollar in 2025 – the strongest year-to-date performance in the last 20 years.
SEC flags concerns over crypto ETFs that offer staking rewards
US regulators are now raising concerns that the vehicles may not legally qualify as ETFs at all under federal securities laws.
Core inflation in Japan capital hits 2-year high, keeps rate hike chance alive
Many analysts expect consumer inflation to slow in coming months as falling crude oil prices and the drop in import costs from the yen's rebound.
Banks can consider CPF Life payouts as retirees’ income for new unsecured loans: MAS
This means that regular income is still preferred for paying bills. Hence, banks “may consider various up-to-date income sources, such as a borrower’s rental income and annuity payouts”,
Trump to double steel tariffs to 50% to aid Nippon-US Steel
He also said US Steel won’t announce layoffs or outsourcing and that its blast furnaces will remain at “full capacity” for at least 10 years.
Trump's tariffs to remain in effect after appeals court grants stay
The United States Court of Appeals for the Federal Circuit in Washington said it was pausing the lower court's ruling to consider the government's appeal,
Trump summons Fed’s Powell, tells him he’s making a mistake on interest rates
The Fed earlier this month left the policy rate in the 4.25 per cent to 4.5 per cent range, where it has been since December,
Car COE renewals in Q1 2025 highest since same period in 2020
The cost to renew a COE is based on the average COE premium in the three preceding months. A five-year COE renewal costs half as much as a 10-year one.
US Fed minutes saw rising inflation, jobless risks as of May meeting
The shift caused many analysts to lower recessions risks that Fed staff as of early May had considered “almost as likely as the baseline” of slowing but continued growth.