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Gold holds ground on US Fed rate-cut hopes, lower yields
GOLD prices held steady on Friday (Aug 9) after a sharp rise in the previous session, bolstered by a dip in US Treasury yields, as investors grew confident that...
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left the base rate it charges through the overnight discount window at 5.75 per cent on Thursday (Aug 1), after the US Federal...
PayPal lifts 2024 profit forecast as spending holds up, margins improve
PAYPAL on Tuesday (Jul 30) raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons,...
US dollar holds steady, while yen rises as traders look to BOJ
THE US dollar inched higher on Tuesday (Jul 23) as traders waited for inflation data later in the week. The dollar was last down 0.55 per cent against the...
Gold holds ground on US rate cut hopes
GOLD prices held steady on Thursday (Jul 18) after hitting a record peak in the previous session amid rising expectations of a US rate cut in September.Spot gold was...
Bank Negara holds key rate as subsidy cuts pose inflation risks
Malaysia’s central bank kept its benchmark interest rate steady on Thursday (Jul 11), in line with market expectations, as it flagged an expected pickup in inflation over the second...
Gold holds ground as traders brace for US inflation data
GOLD prices held steady on Thursday (Jul 11), with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path.Spot...
Bank of Korea holds rates, seen weighing when to cut rates
THE Bank of Korea extended a pause on interest rate for the 12th straight meeting on Thursday, as it continues efforts to tame inflation amid expectations policymakers will soon...