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Indonesia eyes cut in fuel imports from Singapore as part of tariffs negotiations
Indonesia could shift as much as 60% of its total fuel imports from Singapore to the United States in the early stagesPublished Fri, May 9, 2025 · 04:18 PM[JAKARTA]...
US Fed holds back on rate cut, citing rising risk of higher inflation; economy is solid but faces tariff threat
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the US central...
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South CarolinaPublished Wed, May 7, 2025 · 06:31 PM[STOCKHOLM] Volvo Cars said on Wednesday (May...
China central bank governor says will cut banks’ reserve requirement ratio
Published Wed, May 7, 2025 · 09:42 AM — Updated Wed, May 7, 2025 · 09:52 AM[BEIJING] China’s central bank governor said on Wednesday the bank would cut the...
Europe: German stocks cut losses as Merz elected as chancellor after initial setback
GERMAN shares trimmed early losses on Tuesday after conservative leader Friedrich Merz was elected chancellor during a second vote in parliament after an unexpected initial setback.Germany’s DAX index ended...
Trump rules out firing Powell while pushing him to cut rates
[BRUSSELS] US President Donald Trump insisted he does not plan to fire Federal Reserve chair Jerome Powell despite his sustained criticism over the pace of interest rate cuts.“Why would...
Indonesia seen to cut rate twice this year amid US tariff talks
[JAKARTA] Indonesia’s central bank is expected to resume monetary easing after holding its rate unchanged for three consecutive meetings, moving to bolster economic growth against the backdrop of rising...
DBS, OCBC, UOB may cut guidance in Q1 as macro uncertainty weighs on outlook: analysts
[SINGAPORE] Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said.While the local lenders...
