Fed Hikes Rate by 0.25% to 16-year High, Omission in Statement Signals Hike Pause
In a Policy Meeting on 3rd May, the Federal Reserve hiked its benchmark borrowing rate by 25 basis points to a 16-year high. The 10th...
Category : WORLD
Malaysian Central Bank Unexpectedly Hikes Policy Rate to 3%
Malaysian Central Bank, Bank Negara Malaysia unexpectedly raised its benchmark interest rate on Wednesday, citing the need to normalise monetary easing due to the economy’s...
US Stocks Closed Lower after First Republic Bank Seizure Ahead of Fed Policy Meeting
On Monday, US Stocks lost ground after traders spent the first trading day of May assessing the announcement of First Republic Bank’s seizure and the...
SpaceX to Spend $2 Billion on Starship this Year After Inaugural Launch ‘Slightly’ Exceeded Expectations
Elon Musk remains determined to push forward with SpaceX’s plans for its Starship rocket, despite the recent explosion shortly after its launch on 4/20. During...
Australia Set to Extend Rate-Hike Pause Amid Inflation Cool-off
The Reserve Bank of Australia (RBA) is set to extend a pause in interest-rate increases on Tuesday, citing a slowing in inflation, giving the board...
Alibaba Founder Jack Ma Accepts Teaching Position at Tokyo University
The University of Tokyo announced on May 1 that Alibaba Group founder Jack Ma had accepted an invitation from Tokyo College, a new institution run...
Credit Suisse Bondholders Sue Swiss Regulator FINMA over Bond Wipe Out
Credit Suisse Group bondholders have filed a lawsuit against Switzerland’s banking regulator over its decision to wipe out their investments during last month’s emergency government-orchestrated...
Asia Markets, US Futures Fell in Cautious Trades Among Earnings Reports
Shares of Asia and Europe fell alongside US share futures after Wall Street Stocks finished barely changed as a measure of volatility fell to its...
SpaceX Starship, World’s Biggest Rocket, Ready for First Test Flight
SpaceX is counting down the days to Monday’s first test flight of Starship, the most powerful rocket ever designed to take astronauts to the moon,...
Japanese PM Fumio Kishida Safely Evacuated After Blast During Speech
Japanese Prime Minister Fumio Kishida was safely evacuated after being hit by what appeared to be a smoke bomb at a public event. Local media...
