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News
ECB lifts borrowing costs amid energy shock, opens door for more hikes
3+ day, 19+ hour ago (587+ words) The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. As widely anticipated, the central bank for the 21 eurozone…...
Malaysian ringgit falls to lowest versus Singapore dollar since November
5+ day, 6+ hour ago (339+ words) Yahoo News Singapore (Bloomberg) -- Malaysia's ringgit fell to a 10-month low versus the Singapore dollar, weighed by foreign stock outflows while the island state's currency is supported by a hawkish monetary policy stance. The ringgit falls 0.2 per cent against the…...
Hyundai reaches tentative deal with workers after strike
2+ week, 6+ day ago (304+ words) South Korean automaker Hyundai Motor and the union representing its workers have reached a tentative deal on wages and bonuses, both sides said on Tuesday after a rare full-day strike. Around 40,000 employees of a roughly 73,000-strong domestic workforce at the…...