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Oil settles lower as rate cut hopes moderate, Brent holds near US$90/barrel
OIL prices settled lower on Thursday as sticky inflation dampened hopes for near-term US interest rate cuts, but worries that Iran might attack Israeli interests kept crude near six-month highs.Brent...
Thai PM says rate cut would have been right for economy, public ‘suffering’
THAILAND’S economy would have benefited from a cut in key interest rates, Prime Minister Srettha Thavisin said on Thursday (Apr 11) in a response to the Bank of Thailand’s...
Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.
ASIAN markets reversed on Thursday (Apr 11) after forecast-topping United States inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate...
Gold flat as sticky US inflation tempers hopes for early rate cut
GOLD prices were little changed on Thursday (Apr 11), as the US dollar and Treasury yields firmed after hotter-than-expected inflation data tempered hopes for an early interest rate cut.Spot...
ECB to set up June rate cut after rapid inflation fall
THE European Central Bank (ECB) is all but certain to keep borrowing costs at a record high on Thursday (Apr 11) but is likely to signal that a rate...
Fed seen waiting until September to cut rates
THE Federal Reserve will wait until September to start cutting interest rates, traders bet on Wednesday (Apr 10), after a government report showed inflation was stronger than expected last...
Hollywood animation, VFX unions fight AI job cut threat
“IN THE good old days,” mused DreamWorks co-founder and former Disney CEO Jeffrey Katzenberg late last year, “it took 500 artists five years to make a world-class animated movie....
Novartis to cut 680 jobs in product development
NOVARTIS is to cut up to 680 jobs in its development organisation, which helps bring its drugs to market, the Swiss pharmaceuticals company said on Tuesday (Apr 9).
Around 440...
