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News
Major Banks Predict Federal Reserve Rate Increase This Week Amid Persistent Inflation
7+ hour, 1+ min ago (508+ words) Financial markets have converged on an increasingly confident outlook that the Federal Reserve will implement a rate increase during its upcoming September 15-16 policy gathering. Probability estimates now stand at 87%, marking a significant jump from approximately 70% before inflation statistics exceeded projections…...
Australian Dollar underperforms amid risk-off mood
7+ hour, 15+ min ago (400+ words) The Australian Dollar (AUD) is down against its major currency peers, trading 0.45% lower at around 0.7135 against the US Dollar (USD) during the European trading session on Monday. The Australian currency tumbles as market sentiment turns risk-averse due to a further…...
Kiwi Slides as RBNZ Caution Weighs Before Fed Decision
8+ hour, 17+ min ago (405+ words) The NZD/USD pair trades around 0.5790 in early Asian hours on Monday, with the New Zealand Dollar losing ground against the US Dollar. The move comes as investors continue to react to what has been perceived as a dovish rate…...
BOJ executive saw need for vigilance to 'non-linear' inflation spikes
10+ hour, 20+ min ago (372+ words) TOKYO, Sept 14 (Reuters) - Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday....
Asian currencies weaken as dollar rises, yen holds near seven-month high By Investing.com
10+ hour, 3+ min ago (532+ words) Asia tech, chip stocks tumble as AI trade doubts deepen before Fed, BOJ decisions Iran-UAE talks put Hormuz in focus as AI strategy’s refining bet climbs 40% Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz Shares skid…...
K-nest Construction Tech Pivots to DeepTech for Infra Sector
5+ hour, 54+ min ago (265+ words) Whalesbook K-nest Construction Tech, a private firm previously known for its aluminium formwork solutions, is shifting its business model toward DeepTech The company is now integrating robotics, 3D concrete printing, and human-augmentation wearables into its service offerings This pivot marks a…...
Exclusive: Banks' Loan Rates Dip Slightly Despite Benchmark Cuts
10+ hour, 23+ min ago (325+ words) Net add-on rates rose 0.57 percentage points, shifting burden to borrowers as loan growth caps tighten ◇When loan benchmark rate drops 0.72 percentage points, actual rate falls 0.15 percentage points However, the actual household loan rates at these 14 banks decreased only from 5.68% to…...
National Pension Service Names Lee Kyu-hong as CIO, Testing Asset Allocation of $1.35 Trillion Fund
12+ hour, 16+ min ago (446+ words) The National Pension Service said it appointed former Teachers’ Pension investment management chief Lee Kyu-hong as its new **CIO** to oversee $1.35 trillion in national retirement assets. The new CIO, who posted three straight years of double-digit **fund management returns** at…...
Korean Beauty Sourcing Platform Hannaru Launches Naru Box App for Wholesale Buyers
10+ hour, 10+ min ago (99+ words) There were 208 press releases posted in the last 24 hours and 275,328 in the last 365 days. The Naru Box app's Discover tab, where buyers browse curated sample sets and build a box of Korean beauty products. The Naru Box app's Brands tab…...
Korean Air to begin booking migration ahead of Asiana integration
10+ hour, 8+ min ago (136+ words) SEOUL, Sept. 14 (Yonhap) -- Korean Air Co. said Monday it will begin migrating Asiana Airlines bookings and flight numbers to its system in November ahead of the carriers' full integration in December. Korean Air will carry out the migration in phases…...