Global Economy To Grow Least Since Financial Crisis: OECD

1 hour ago

Weighed down by trade conflict, weak business investment and political uncertainty, the global economy is set to expand at the slowest pace since the financial crisis this year, the Organisation for Economic Co-operation and Development, or OECD, said Thursday. World ...

Bank Indonesia Holds Rate Steady After Four Cuts; Trims Reserve Requirements

5 hours ago

Indonesia’s central bank left the key interest rate unchanged on Thursday after four consecutive cuts, but slashed the reserve requirement ratio for banks to ensure liquidity for the banking system, and thus boost lending to support economic growth. The Board ...

Singapore GDP Expands More Than Estimated In Q3

9 hours ago

The Singapore economy expanded more than estimated in the third quarter as the manufacturing sector contracted at a slower pace on the back of biomedical manufacturing. Gross domestic product grew 0.5 percent on a year-on-year basis in the third quarter, ...

Dollar Holds Steady For 2nd Straight Session

16 hours ago

The U.S. dollar was steady on Wednesday, as it stayed above the flat line for a second successive session, amid continued uncertainty about U.S.-China trade deal. Read Full Story

Fed Minutes Reinforce Expectations Of Interest Rates On Hold

18 hours ago

Minutes from the Federal Reserve’s monetary policy meeting held in late October were released on Wednesday but did not provide much further insight into the outlook for interest rates. Interest rates are already widely expected to remain unchanged in the ...

China Cuts Loan Prime Rate To Support Credit Growth

1 day ago

China reduced its new benchmark lending rates, as widely expected, to reduce lending costs and underpin credit growth. The one-year loan prime rate was lowered to 4.15 percent from 4.20 percent. Likewise, the five-year loan prime rate was cut to ...

Dollar Steady Ahead Of Fed Minutes

2 days ago

After exhibiting weakness in the previous three sessions, the U.S. dollar held steady on Tuesday, ahead of the release of the Federal Reserve Bank’s recent monetary policy meeting. Read Full Story

U.S. Housing Starts Show Substantial Rebound In October

2 days ago

A report released by the Commerce Department on Tuesday showed a substantial rebound in new residential construction in the month of October. The Commerce Department said housing starts surged up by 3.8 percent to an annual rate of 1.314 million ...

Dollar Loses Ground As Trade Deal Hopes Fade

3 days ago

The U.S. dollar weakened against some major currencies on Monday, amid uncertainty about an interim trade deal between the U.S. and China. Read Full Story

U.S. Homebuilder Confidence Shows Slight Pullback In November