Economy
Trump’s credit card cap will hurt consumers and economy: JPMorgan
It is a surprise move that has blindsided the industry, and has sent financial banking stocks tumbling[NEW YORK] Top JPMorgan executives, including chief executive officer Jamie Dimon, warned that...
Thai baht is too strong, impacting economy, finance minister says
[BANGKOK] Thailand’s baht is too strong and affecting its export-driven economy, the country’s finance minister said on Monday (Dec 15), as the currency reached its highest level against the...
Fed officials split over risks to US economy going into 2026
The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment[NEW YORK] US Federal Reserve officials, including two who...
India central bank cuts key rate, boosts liquidity to support ‘Goldilocks’ economy
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points (bps) on Friday (Dec 5) and left the door open for further easing,...
Trump’s U-turn on fuel economy rules lifts European carmakers’ shares
The Trump administration cast the change, aimed at making it easier for automakers to sell petrol-powered cars[FRANKFURT] Shares of European carmakers jumped between 2.5 per cent and 5 per...
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after 1.6 billion securities worth S$1.3 billion change hands[SINGAPORE] The Republic’s benchmark index closed lower on Thursday (Dec...
Australia may weigh early rate hike as economy nears speed limit
The RBA is facing a more complex outlook than peers as its economy is entering an upswing with elevated capacity utilisation [SYDNEY] Australia’s central bank may need to raise...
'The worst is behind us': Canada's economy is defying some of the grim forecasts about Trump's tariffs
WASHINGTON, D.C. — When U.S. President Donald Trump first threatened tariffs on Canadian goods, the forecasts were grim. GDP was expected to decline three per cent in seven months,...
