Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending rates by 25 basis points on…
A cargo ship carries foreign trade containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025. Costfoto | Nurphoto | Getty Images China’s exports growth in July sharply beat market expectations as the clock on a tariff truce with the U.S. keeps ticking, while imports rose their highest jump in…
Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai. Sopa Images | Lightrocket | Getty Images India’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump. The move was in line with expectations…
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%….
File photo: US President Donald Trump gestures during a joint press conference in South Korea. Afp Contributor | Afp | Getty Images U.S. President Donald Trump on Wednesday announced that Washington had reached a “Full and Complete” trade deal with Seoul, setting blanket tariffs on the country’s exports to U.S. at 15%. This deal would…
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. It reported profit before tax for the three months…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in…
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore’s central bank warned on Wednesday that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],”…
View across the Hangang River in Seoul, South Korea. Universal History Archive | Universal Images Group | Getty Images South Korea avoided a technical recession as its economy expanded by 0.6% from the previous quarter, beating expectations, according to advance estimates. This was higher than the 0.5% expected by economists polled by Reuters, and a…
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh…
