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Central Banks

Fri, Jul 04, 2025 02:40 AM All times are UTC

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ECB Warns of U.S. Tariff Risks Amid Progress on Inflation

Jun 07, 2025 23:54 pm UTC| Central Banks Economy

European Central Bank (ECB) policymaker Isabel Schnabel warned on Saturday that U.S. tariffs under a potential Trump administration could trigger renewed inflationary pressures, despite recent progress in lowering...

Brazil Central Bank Keeps Options Open Ahead of June Rate Decision

Jun 07, 2025 23:52 pm UTC| Economy Central Banks

Brazils central bank is signaling a data-driven and flexible approach to its upcoming interest rate decision, according to Governor Gabriel Galipolo. Speaking at an Esfera Brasil event on Saturday, Galipolo emphasized that...

Fed Stays Cautious on Rate Cuts as U.S. Jobs Market Holds Steady

Jun 07, 2025 05:58 am UTC| Central Banks Economy Politics

Federal Reserve policymakers are holding firm on interest rates, signaling no urgency to cut despite political pressure and ongoing trade policy shifts. Fridays jobs report reinforced that stance, showing a steady 4.2%...

RBI's Bold Move: 50 Bps Rate Cut, ₹2.5 Lakh Crore Boost, But USDINR Holds Firm

Jun 06, 2025 11:16 am UTC| Central Banks Insights & Views

The Reserve Bank of India (RBI) introduced a range of significant measures on June 6, 2025, including the reduction of repo rates by 50 basis points to 5.5% and from 100 basis point reductions in the Cash Reserve Ratio...

Swiss National Bank Denies Currency Manipulation After U.S. Watchlist Addition

Jun 06, 2025 05:50 am UTC| Economy Central Banks

The Swiss National Bank (SNB) firmly denied allegations of currency manipulation on Friday, following its inclusion on a U.S. Treasury watchlist for potential unfair trade and currency practices. The central bank responded...

RBI Cuts Repo Rate by 50bps Amid Slowing Inflation, Signals Neutral Stance

Jun 06, 2025 05:17 am UTC| Economy Central Banks

The Reserve Bank of India (RBI) slashed its key repo rate by 50 basis points to 5.50% on Friday, delivering a larger-than-expected cut in a continued effort to stimulate economic growth. This marks the third straight rate...

Euro Rallies as ECB Signals Pause After Rate Cut Amid Trade Uncertainty

Jun 06, 2025 04:45 am UTC| Economy Central Banks

The euro climbed to a six-week high as the European Central Bank (ECB) signaled it may pause further interest rate cuts following a 25-basis-point reduction to 2%. ECB President Christine Lagarde described the central bank...

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Economy

Rachel Reeves Faces Fiscal Tightrope After Welfare U-Turn and Budget Woes

U.K. Chancellor Rachel Reeves is under increasing fiscal pressure following a major policy reversal on welfare cuts, which may wipe out her estimated 10 billion budgetary buffer. The sudden U-turn triggered a sell-off in...

Gold Prices Steady as Investors Await US Jobs Data and Fed Clues

Gold prices held firm in Asian trading on Thursday following a three-day rally, as investors adopted a cautious stance ahead of the key U.S. non-farm payroll report, which could offer fresh signals on the Federal Reserves...

UAE Non-Oil Private Sector Expands in June Despite Regional Tensions

The UAEs non-oil private sector maintained steady growth in June, supported by increased output, even as regional geopolitical tensions dampened demand, according to the latest SP Global Purchasing Managers Index (PMI)...

Asian Chip Stocks Rise as US Eases China Export Curbs on Design Tools

Asian semiconductor stocks climbed on Thursday after the U.S. Commerce Department lifted export restrictions on chip design software to China, following a recent trade agreement between Washington and Beijing. The move is...

South Korea’s Lee Jae Myung Vows Bold Fiscal Push Amid Economic, Trade, and Security Challenges

South Korean President Lee Jae Myung pledged on Thursday to implement a bold fiscal policy to revive the economy and address mounting challenges from U.S. trade tensions and North Korea. Speaking at a press conference...

Politics

Australia Confirms $1.3B U.S. Missile Deal Amid Defence Spending Debate

Australia has finalized a A$2 billion (US$1.3 billion) purchase of advanced supersonic missiles from the United States, reinforcing its defence strategy amid growing regional tensions. Defence Industry Minister Pat Conroy...

U.S. Resumes Ethane Exports to China After Trade Tensions Ease

The U.S. has lifted recent restrictions on ethane exports to China, signaling a positive step in easing trade tensions between the two nations. On Wednesday, the U.S. Commerce Department sent letters to key...

Trump Asks Supreme Court to Block Reinstatement of Fired Consumer Safety Officials

The Trump administration has requested the U.S. Supreme Court to halt a lower court order requiring the reinstatement of three Democratic members of the Consumer Product Safety Commission (CPSC). President Donald Trump had...

US-India Push for Tariff Deal Amid Trump’s Trade Deadline

The United States and India are racing to finalize a tariff-reducing trade deal ahead of President Donald Trumps July 9 deadline. While both sides have made progress, key disagreements remain, particularly over U.S....

Trump Eases Vietnam Tariffs Ahead of July 9 Trade Deadline

President Donald Trump announced a new trade deal with Vietnam, lowering the expected tariff on Vietnamese exports to 20%, down from a proposed 46%. Trans-shipped goods from third countries, especially China, will face a...

Science

FDA Lifts REMS Requirement for CAR-T Cell Cancer Therapies

The U.S. Food and Drug Administration (FDA) has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for all currently approved CAR-T cell therapies, a move expected to improve patient access to these...

Neuren Pharmaceuticals Surges on U.S. Patent Win for Rare Disorder Drug

Shares of Neuren Pharmaceuticals Ltd (ASX:NEU) jumped over 10% on Thursday after the company announced a key development in its rare disease pipeline. The U.S. Patent and Trademark Office has approved Neurens patent...

CDC Vaccine Review Sparks Controversy Over Thimerosal Study Citation

A presentation on thimerosal, a mercury-based vaccine preservative, set to be delivered to the CDCs advisory committee has come under scrutiny for referencing a non-existent study. The report, Thimerosal as a Vaccine...

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

Technology

Foxconn Recalls Chinese Engineers from India, Raising Concerns Over Apple’s iPhone Production Plans

Foxconn (TW:2317, SS:601138), the key Apple Inc. (NASDAQ:AAPL) supplier, has recalled over 300 Chinese engineers from its iPhone assembly facilities in India, Bloomberg reported, citing sources familiar with the matter....

U.S. Lifts Export Curbs on Siemens' Chip Design Software for China

Siemens AG has reportedly received a notice from the U.S. government confirming the removal of export restrictions on its chip design software for use in China, according to Bloomberg News. The decision marks a notable...

Alpha and Omega Semiconductor Settles $4.25M Export Violation Over Huawei Shipments

Alpha and Omega Semiconductor (AOS) has agreed to pay $4.25 million to the U.S. Department of Commerce for violating export regulations by shipping restricted components to Huawei Technologies. According to a department...

TikTok Shop Faces Layoffs Amid E-Commerce Restructuring and U.S. Pressure

TikTok and its parent company ByteDance are preparing for another round of layoffs, this time targeting the global e-commerce division, according to internal memos obtained by Business Insider. The restructuring will...

Alibaba Cloud Expands in Southeast Asia Amid $53B AI Investment Push

Alibaba Cloud (NYSE:BABA) has announced the launch of its third data center in Malaysia and plans to open a second center in the Philippines by October, further advancing its aggressive AI and cloud infrastructure...