Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
Tag : Inflation
Global markets face disruption amid $17.3 trillion oil shock warning
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
Rising tariffs and inflation fears drive sharp drop in U.S. confidence
U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans....
U.S. jobless claims rise to 242,000, highest level in three months
U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains...
Bitcoin gains momentum as investors bet on 2025 Fed rate cuts
Bitcoin surged past $96,000 as Fed’s Raphael Bostic signaled rate cuts in 2025, boosting investor optimism and driving expectations of a shift in U.S. monetary...
Gold extends rally past $2,950 as investors seek safe-haven assets
Gold soars past $2,950, reaching record highs as investors seek safety amid trade tensions, falling yields, and central bank demand, pushing markets toward defensive strategies....
UK businesses brace for record job cuts amid rising costs
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an...
European Commission says Trump’s tariff strategy disrupts global trade
The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair...
UK growth forecast slashed as Bank of England lowers rates
The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists....
U.S. stocks fall as Trump announces tariffs on key trade partners
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following...