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Central Banks

Thu, Nov 20, 2025 05:50 AM All times are UTC

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Pakistan’s Central Bank Expected to Maintain Interest Rate at 11% Amid Inflation Concerns

Oct 24, 2025 04:22 am UTC| Economy Central Banks

Pakistans central bank is likely to keep its key interest rate steady at 11% during its upcoming policy meeting, according to a Reuters poll. All 10 analysts surveyed expect the State Bank of Pakistan (SBP) to maintain the...

Australia’s Central Bank to Modernize Interbank Settlement System for a Future-Ready Payments Network

Oct 24, 2025 01:50 am UTC| Economy Central Banks

Australias central bank is preparing to modernize its interbank settlement infrastructure, which processes about A$300 billion (US$194.9 billion) in daily transactions. Reserve Bank of Australia (RBA) Governor Michele...

Bank of Korea Holds Rates Steady Amid Housing Surge and Weak Won

Oct 23, 2025 03:11 am UTC| Central Banks Economy

The Bank of Korea (BOK) maintained its benchmark interest rate at 2.50% on Thursday, signaling caution amid a rebound in home prices and a weakening won. The central banks seven-member policy board voted unanimously to...

Bank of Japan May Raise Interest Rates in December Amid Inflation Concerns

Oct 23, 2025 03:09 am UTC| Economy Central Banks

The Bank of Japan (BOJ) could raise interest rates as early as December, according to former BOJ executive Eiji Maeda. He believes expansionary fiscal policies expected under new Prime Minister Sanae Takaichi will help...

Bank of Thailand Keeps Policy Rate Steady to Support Economic Recovery

Oct 22, 2025 03:30 am UTC| Economy Central Banks

The Bank of Thailand (BoT) has decided to maintain its accommodative monetary policy stance to sustain the countrys fragile economic recovery, according to the minutes of its October 8 policy meeting released Wednesday....

Bank Indonesia Expected to Cut Key Interest Rate to 4.50% Amid Growth Concerns

Oct 22, 2025 01:57 am UTC| Central Banks Economy

Bank Indonesia (BI) is expected to reduce its benchmark interest rate for the fourth consecutive time on Wednesday, bringing it down to 4.50%, as policymakers shift focus toward supporting economic growth despite...

China Keeps Loan Prime Rate Unchanged Amid Rising U.S. Trade Tensions

Oct 20, 2025 02:15 am UTC| Central Banks Economy

The Peoples Bank of China (PBOC) held its benchmark loan prime rate (LPR) steady on Monday, maintaining a cautious stance as U.S.-China trade tensions intensified. The decision aligns with market expectations, as Beijing...

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Economy

Gold Prices Dip as Rate-Cut Expectations Weaken and Markets Eye U.S. Payrolls Data

Gold prices edged lower in Asian trading, easing after two consecutive days of gains as traders reduced expectations for a potential Federal Reserve interest rate cut in December. The pullback came as global equity markets...

Dollar Strengthens as Yen Slips on Diminished Intervention Expectations

The U.S. dollar climbed higher on Thursday, extending its strongest advance in six weeks after the latest Federal Reserve minutes reduced expectations for a December interest rate cut. Meanwhile, the Japanese yen continued...

BOJ Seen Moving Toward December Rate Hike as Yen Slides

The Bank of Japan is increasingly expected to raise interest rates at its December policy meeting, with a slim majority of economists in a recent Reuters poll forecasting another step toward monetary policy normalization....

Asian Currencies Hold Steady as Dollar Surges After Fed Minutes

Asian currencies were mostly stable on Thursday after sharp losses the previous day, as the U.S. dollar strengthened on the back of Federal Reserve minutes that signaled growing uncertainty over a potential December rate...

Japan–China Rift Deepens After Takaichi’s Taiwan Remark

Japans new Prime Minister, Sanae Takaichi, is facing one of the most serious diplomatic rifts with China in years after an unscripted comment about how Tokyo might respond to a potential Chinese attack on Taiwan. Although...

Politics

U.S. Approves $93 Million Sale of Javelin Systems and Excalibur Munitions to India

The United States has approved a major defense sale to India involving the Javelin anti-tank missile system and Excalibur guided artillery munitions valued at $93 million, according to the U.S. Defense Security Cooperation...

Trump Administration Pushes Back on Congressional Plan to Restrict Nvidia’s AI Chip Exports

The Donald Trump administration is urging Congress to reject a new bipartisan measure that would restrict NVIDIA Corp.s ability to sell advanced artificial intelligence chips to China and other embargoed nations, according...

Trump and NYC Mayor-Elect Trump and NYC Mayor-Elect Zohran Mamdani Set for First White House Meeting Set for First White House Meeting

U.S. President Donald Trump announced that he will meet New York City Mayor-elect Zohran Mamdani at the White House on Friday, marking their first face-to-face discussion following a contentious mayoral race. The meeting,...

Florida Congresswoman Charged in Alleged COVID-19 Relief Fund Misuse

U.S. Representative Sheila Cherfilus-McCormick is facing serious federal charges after a grand jury in Florida indicted her for allegedly diverting federal COVID-19 relief money to support her 2021 congressional campaign....

Japan Moves Toward Massive ¥21.3 Trillion Stimulus to Ease Inflation Pressures

Japan is preparing one of its largest economic stimulus packages in years as the government finalizes a 21.3 trillion (approximately $135 billion) plan aimed at helping households manage persistent inflation. According to...

Science

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

SpaceX’s Starship Completes 11th Test Flight, Paving Way for Moon and Mars Missions

SpaceX has successfully launched its 11th Starship rocket from Starbase, Texas, marking another milestone in Elon Musks ambitious plan to create a fully reusable spacecraft for missions to the Moon and Mars. The test...

FDA Adds Fatal Risk Warning to J&J and Legend Biotech’s Carvykti Cancer Therapy

The U.S. Food and Drug Administration (FDA) has updated the safety labeling for Carvykti, the multiple myeloma therapy developed by Johnson Johnson and Legend Biotech, to include a warning about a rare but potentially...

Technology

Michael Burry Warns AI Demand Is Overstated Amid Nvidia Stock Surge

Michael Burry issued a sharp warning on Wednesday evening, claiming that the true end-user demand for artificial intelligence is far smaller than what major technology firms are reporting. His comments came shortly after...

Google Expands Global AI Presence With Major Hardware Engineering Investment in Taiwan

Alphabets Google has strengthened its global artificial intelligence (AI) footprint by opening its largest AI infrastructure hardware engineering center outside the United States, choosing Taiwan as the strategic location....

Senators Push for Fair Export License Rules to Prevent Market Imbalance

A bipartisan pair of U.S. senators is pushing new legislation aimed at ensuring fairness in how the Commerce Department issues export licenses, following concerns that past decisions created an uneven playing field among...

Elon Musk’s xAI Reportedly Nears $15 Billion Funding Deal at $230 Billion Valuation

Elon Musks artificial intelligence company, xAI, is reportedly close to securing a massive $15 billion equity raise that could push its valuation to around $230 billion, according to a Wall Street Journal report. The...

AI Powerhouses Jensen Huang and Elon Musk to Take Center Stage at Investment Forum

Tesla CEO Elon Musk and Nvidia CEO Jensen Huang are set to headline a high-profile discussion on artificial intelligence and emerging technologies at a U.S.Saudi Arabia investment forum in Washington this Wednesday....