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Central Banks

Sat, Oct 25, 2025 02:41 PM All times are UTC

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Sri Lanka Central Bank Holds Rates Steady to Support Growth Amid IMF Review

Sep 24, 2025 04:37 am UTC| Central Banks Economy

The Central Bank of Sri Lanka (CBSL) kept its benchmark overnight policy rate unchanged at 7.75% on Wednesday, signaling its intent to balance growth and stability as the country prepares for its upcoming budget and the...

RBA Demands Governance Overhaul at ASX After Clearing Failure

Sep 24, 2025 04:33 am UTC| Economy Central Banks

Australias central bank has warned the Australian Securities Exchange (ASX) that it must implement major reforms in governance, culture, and risk management following last years settlement system breakdown. The Reserve...

Powell Warns of Economic Balancing Act as Fed Cuts Rates Amid Slowing Growth

Sep 24, 2025 02:21 am UTC| Economy Central Banks

Federal Reserve Chair Jerome Powell cautioned Tuesday that the U.S. economy faces a delicate balancing act with no risk-free path as the central bank works to control inflation while supporting jobs. Speaking at the...

Anna Breman Appointed First Female Governor of Reserve Bank of New Zealand

Sep 24, 2025 02:17 am UTC| Central Banks Economy

New Zealand has made history by appointing Anna Breman as the new Governor of the Reserve Bank of New Zealand (RBNZ), marking the first time a woman will lead the countrys central bank. Finance Minister Nicola Willis...

Thailand Revises Balance of Payments Data Amid Baht Strength

Sep 23, 2025 05:16 am UTC| Central Banks Economy

Thailands central bank announced improvements in its balance of payments record-keeping after identifying unexplained fund flows. The move follows concerns that large discrepancies in financial reporting may have...

Fed Officials Split on Future Rate Cuts Amid Inflation Concerns

Sep 23, 2025 00:28 am UTC| Economy Central Banks

Recent comments from Federal Reserve officials reveal deepening divisions over whether further rate cuts are needed this year, with inflation remaining above the central banks 2% target. Atlanta Fed President Raphael...

New Zealand Set to Appoint First Female Central Bank Governor

Sep 23, 2025 00:23 am UTC| Central Banks Economy

New Zealand is preparing to name a woman as the next governor of the Reserve Bank of New Zealand (RBNZ), marking the first time the nations central bank will be led by a female chief. According to a Bloomberg report, the...

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Economy

Trump Embarks on High-Stakes Asia Trip Amid Trade Tensions with China

U.S. President Donald Trump is set to test his deal-making prowess during a five-day trip across Asia, aiming to secure trade, defense, and ceasefire agreements amid growing global tensions. The tour, which includes stops...

China Expected to Ease Monetary and Fiscal Policies to Support Economic Growth

China is likely to implement more supportive monetary and fiscal policies to stabilize its slowing economy, according to Huang Yiping, an adviser to the Peoples Bank of China and professor at Peking University. Speaking at...

Thailand to Sign Ceasefire with Cambodia in Malaysia as Trump Joins ASEAN Summit

Thailands Prime Minister Anutin Charnvirakul will travel to Malaysia to sign a ceasefire agreement with Cambodia, a deal U.S. President Donald Trump is set to witness after withdrawing from the ASEAN Summit due to the...

Trump Rolls Back Biden-Era Copper Smelter Emission Rules to Boost U.S. Mineral Security

U.S. President Donald Trump has reversed a Biden-era regulation that imposed stricter air pollution limits on copper smelters, a move aimed at easing regulatory pressure on the nations dwindling copper industry. The...

U.S. Stocks Hit Record Highs on Cooling Inflation and Strong Earnings

Wall Street surged to new heights on Friday as cooler-than-expected inflation data and strong corporate earnings lifted all three major U.S. stock indexes to record closes. The SP 500 and Nasdaq logged their biggest weekly...

Politics

U.S. Imposes Sanctions on Colombian President Gustavo Petro Amid Escalating Diplomatic Rift

The United States has imposed sanctions on Colombian President Gustavo Petro, intensifying tensions between Washington and Bogotá. The move, announced Friday by the U.S. Treasury Department, follows accusations from...

Toyota May Begin Importing U.S.-Made Cars to Japan Amid Trump’s Visit

Toyota Motor Corp. is reportedly preparing to announce plans to import vehicles manufactured in the United States into Japan during U.S. President Donald Trumps upcoming three-day visit to the country, according to Japans...

Russia, U.S., and Ukraine Near Diplomatic Breakthrough, Says Putin Envoy Kirill Dmitriev

Russian President Vladimir Putins special envoy for investment and economic cooperation, Kirill Dmitriev, said Friday that Russia, the United States, and Ukraine are close to reaching a diplomatic solution to end the...

Thailand’s Beloved Queen Mother Sirikit Dies at 93, Marking the End of an Era

Thailand is mourning the passing of Queen Mother Sirikit, who died at the age of 93, the Royal Household Bureau announced on Saturday. The Queen Mother, a symbol of grace and national unity, passed away late Friday after...

Canada Ready to Resume Trade Talks with U.S. Amid Tariff Dispute Over Reagan Ad

Prime Minister Mark Carney announced that Canada is prepared to restart trade negotiations with the United States after President Donald Trump halted discussions due to an anti-tariff advertisement released by Ontarios...

Science

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...

Trump Signs Executive Order to Boost AI Research in Childhood Cancer

U.S. President Donald Trump has signed an executive order aimed at expanding the use of artificial intelligence (AI) in pediatric cancer research. The order provides an additional $50 million in research grants to...

Eli Lilly’s Inluriyo Gains FDA Approval for Advanced Breast Cancer Treatment

Eli Lilly has announced that the U.S. Food and Drug Administration (FDA) has approved its new therapy, Inluriyo, for the treatment of advanced or metastatic breast cancer in adult patients who have already undergone prior...

Technology

Mondelez Leverages Generative AI to Cut Marketing Costs by Up to 50%

Snack giant Mondelez International, the maker of Oreo, Cadbury, and Chips Ahoy, is using a new generative AI toolto revolutionize marketing content creation and reduce production costs by 30% to 50%, according to a Reuters...

Apple Begins U.S. Production of AI Servers at Houston Facility to Boost Domestic Investment

Apple has officially begun shipping artificial intelligence (AI) servers produced at its new manufacturing facility in Houston, Texas. The move marks a significant milestone in Apples broader strategy to expand its U.S....

U.S. Government Eyes Equity Stakes in Quantum Computing Firms Amid Strategic Funding Talks

Several leading U.S. quantum computing companies are reportedly in advanced discussions with the Commerce Department to offer equity stakes in exchange for federal funding, according to a report from The Wall Street...

Tesla Partners with TSMC and Samsung to Produce Next-Gen AI5 Chip for FSD and Robotics

Tesla CEO Elon Musk announced that the electric vehicle giant will collaborate with major chipmakers TSMC and Samsung to manufacture its upcoming AI5 chip, designed to power Teslas next-generation Full Self-Driving (FSD)...

IBM Beats Q3 Estimates but Shares Drop on Cautious Revenue Outlook

International Business Machines (NYSE: IBM) reported stronger-than-expected third-quarter earnings, but its stock fell 4% in after-hours trading as investors reacted to a softer full-year revenue growth forecast. The tech...