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US dollar hits 7-month low before Powell, Swedish krona volatile after rate cut
THE US dollar hit a fresh seven-month low on Tuesday (Aug 20) with traders bracing for comments from Federal Reserve chair Jerome Powell due on Friday, which could provide...
GoPro to cut 15% of workforce in restructuring push
ACTION camera maker GoPro said on Monday (Aug 19) it would cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce...
ECB’s Rehn says growth risks bolster case for September cut
INCREASING risks to Europe’s growth outlook have reinforced the case for a policy adjustment when the European Central Bank (ECB) meets next month, according to Governing Council member Olli...
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut
THE Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday (Aug 21) and through Q1 2025 to balance growth with inflation control while assessing the impact of...
Gold holds near record high on US rate cut optimism
GOLD prices held steady on Monday (Aug 19) near a record high scaled in the previous session, as rising expectations of a US interest rate cut next month lifted...
“Yo, Is That a Joke?” Bronx Breakdancing Pioneer Crazy Legs Demands Investigation into How Raygun Made the Cut at the Olympics
Richard "Crazy Legs" Colon, a prominent Bronx break dancing pioneer, has demanded an investigation into the World DanceSport Federation after Australian dancer Raygun's disappointing performance at the Paris Olympics....
Philippine central bank sees room for one more rate cut this year
THE Philippine central bank sees room for one more interest rate cut this year, its governor said on Friday (Aug 16).“We will always be assessing the situation, but given...
Gold subdued as hopes for deeper Fed rate cut dim
GOLD prices were flat on Thursday (Aug 15) after a 1 per cent drop in the last session, as US data showing consumer prices rose as expected last month...
