News
Bangladesh Central Bank Holds 10% Rate as Inflation Spikes
2+ hour, 7+ min ago (432+ words) In its monetary policy statement, the Bangladesh Bank announced it would keep a tight monetary policy stance until the end of the first half of fiscal 2027, aiming to control price rises and keep inflation expectations in check. This rate decision…...
AI Chip Boom Drives South Korea's Record Trade Surplus
2+ hour, 28+ min ago (273+ words) South Korea's export sector posted another month of strong growth in June, demonstrating the enduring strength of the semiconductor-driven expansion. Without adjustment, shipments surged 70. 9%, versus a revised 53. 4% increase in May. The expansion was once again led by semiconductor shipments, boosted…...
Bundesbank, Kenfo Vie to Run Germany's Pension Fund
3+ hour, 46+ min ago (477+ words) Two sides now want to run Germany's huge new pension fund. The Bundesbank, the country's central bank, has stepped forward. But a state foundation called Kenfo already oversees "27 billion in assets and wants the job too. The choice will help…...
Japanese Yen Sinks to 162. 27 Per Dollar, Weakest Since 1986
5+ hour, 33+ min ago (473+ words) The yen fell to a 40-year low versus the dollar on Tuesday, prompting traders to remain wary of potential government intervention. At 1: 27 a. m. ET, it was trading at 162. 27. This is weaker than the level that prompted intervention in April. At that…...
Citadel Securities: Warsh Fed Resists Market Pressure on Rate Cuts
1+ day, 9+ hour ago (266+ words) "The landscape may be shifting," he wrote. Unlike the post-pandemic period, when investors assumed the Fed would extend support whenever the economy slowed or markets tumbled, Warsh is signaling that elevated inflation has become a binding constraint, Shah said. As…...
Egypt and IMF Reach $1. 6 Billion Preliminary Deal
1+ day, 4+ hour ago (451+ words) A preliminary deal between Egypt and the International Monetary Fund means the country is one step closer to a payout of more than $1. 6 billion. The IMF staff reached a staff-level agreement with Egypt. That is a preliminary deal that must…...
Spain's Inflation Stays at 3. 6%, Defying Forecasts and ECB Target
1+ day, 8+ hour ago (328+ words) That reading is above the European Central Bank's 2% target, raising pressure on policymakers to act. A national gauge of underlying pressures eased to 2. 9% in June. That measure excludes volatile items such as energy and fresh food. Increases in electricity and…...