US Federal Reserve

US Federal Reserve Shrugs Off Political Tensions, Cuts Rates Amid Trump’s Election Win

The U.S. Federal Reserve reduced interest rates by a quarter-point on Thursday, unfazed by the political climate surrounding Donald Trump's election victory. The decision, which lowers the federal funds rate to a range of 4.50% to 4.75%, was met with...
US dollar

Dollar’s Week-Long Swings Subside, China NPC Meeting Takes Lead in Market Focus

Soros Fund Management, founded by billionaire investor and philanthropist George Soros, has announced plans to close its Hong Kong office, signaling a shift in its Asia-Pacific strategy. The decision is reportedly part of a larger administrative reorganization aimed at streamlining...
Asian Financial Markets

Asian Markets Surge Following US Fed Rate Cut; Investors Eye China’s Fiscal Moves

Asian equities saw a broad rally Friday, with stocks across Australia, Japan, South Korea, and China all advancing in response to a strong performance across US markets and a recent interest rate cut by the Federal Reserve. Following the Fed’s...
Indonesia palm oil production

Indonesia’s Bold Push for Biofuel: Chief Economic Minister Airlangga Hartarto Outlines Strategy to Boost Palm Oil Production Amid Rising Biofuel Demand

Indonesia, the world’s largest palm oil producer, is undertaking an ambitious drive to meet increasing domestic demand for biofuel, a crucial component of its energy policy. Indonesia’s chief economic minister, Airlangga Hartarto, announced on Thursday that the country will raise...
Asia Stock Markets

Asian Markets Retreat Amid U.S. Stock Surge on Anticipation of Trump’s Return to the White House; Fed Interest Rate Decision Looms

Asian markets saw a downturn early Thursday as investors weighed the implications of former President Donald Trump's potential return to the White House. With U.S. stocks soaring to record highs, global markets are cautiously assessing the impact of Trump's proposed...
Japan

Japanese Workers See Largest Salary Hike in 30 Years, Supporting Central Bank’s Recovery Plans and Potential Rate Hike

Japanese workers experienced their most substantial base salary increase in over three decades, strengthening the Bank of Japan's (BOJ) position that the nation’s economy remains on a recovery track. This momentum has prompted further speculation that the BOJ may increase...
TikTok

Canada Orders Dissolution of TikTok’s Canadian Business, Citing National Security Concerns

Canada has ordered the dissolution of TikTok Technology Canada Inc., the Canadian branch of the popular social media app TikTok. The decision comes after an extensive national security review scrutinized the operations and data practices of TikTok’s parent company, ByteDance...
Asian Stock

Asian Authorities Brace for Currency Turbulence as Election-Driven Dollar Surge Pressures Currencies

U.S. election uncertainty, several Asian countries have taken protective measures to stabilize their currencies as the dollar gains strength, putting pressure on currencies across the region. Central banks in countries such as Indonesia and China have already intervened to maintain...
Bank Indonesia, Central bank of the Republic of Indonesia.

Bank Indonesia Ready to Stabilize Rupiah Amid US Election Volatility and Trump’s Early Lead

Bank Indonesia (BI) has announced its readiness to curb any excessive volatility in the Indonesian rupiah as early indicators show an unexpected edge for former U.S. President Donald Trump in the presidential election race. This initial lead has fueled the...
Asia Stock Markets

Yen Slides Over 1% as Japanese Stocks Rally Amid US Election Developments: Markets Bet on a Trump Edge Over Harris

The yen fell sharply against the dollar on Tuesday, slipping over 1%, as early election results from the United States appeared to hint at a potential advantage for Republican candidate Donald Trump over Democratic incumbent Kamala Harris. The currency's dip,...
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