Month: November 2024

China’s consumer prices rose at the slowest pace in four months in October, while deflation in producer prices worsened, as shown by data released on Saturday. This comes despite intensified stimulus efforts by Beijing to support the sluggish economy. In a recent move, China’s top legislative body approved a 10…

DBS Group Holdings Ltd, Singapore’s largest lender, is considering expansion into Malaysia through potential acquisitions of stakes in local banks, including one of the country’s smallest banks by assets, according to two sources. DBS is reportedly looking into acquiring a 29.1% stake in Alliance Bank Malaysia Bhd, currently held by…

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s S&P500 looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge with its second interest rate cut of the year on Thursday and a nod to more. Overseas,…

Walmart will introduce new financial incentives for independent delivery drivers to collect online orders from U.S. stores and deliver them to customers during the holiday season, the retailer told Reuters. This initiative is part of Walmart’s strategy to boost sales among higher-income households and compete with e-commerce giant Amazon.com, which…

On Thursday, the Federal Reserve lowered interest rates by a quarter percentage point, with policymakers now preparing for potential economic shifts as President-elect Donald Trump assumes office next year. Fed Chair Jerome Powell noted that Tuesday’s presidential election, which brought in a president-elect committed to widespread immigration deportation, broad tariffs,…

Bain Capital-backed Kioxia filed a registration statement on Friday, allowing the Japanese chipmaker to gauge investor interest for an upcoming initial public offering (IPO). Kioxia’s filing signals its aim to proceed with an IPO between December and June 2025, with December as the target, according to two insiders. Last month,…

The chances of a quick recovery in the $28-trillion U.S. bond market are diminishing as Donald Trump’s potential return to the White House could bring more expansive fiscal policies, which may limit the Federal Reserve’s ability to cut rates further. Although the Fed recently lowered rates, expectations of tax cuts…

Gold prices dipped in Asian trading on Friday, showing little recovery despite a pullback in the dollar following the Federal Reserve’s interest rate cut. Markets were also processing the implications of a potential second Donald Trump presidency.  The yellow metal had been pressured earlier in the week by a sharp…

US stock index futures rose on Thursday, building on the positive momentum following Donald Trump’s victory in the 2024 presidential election, with attention now turning to the upcoming Federal Reserve meeting. As of 06:20 ET (11:20 GMT), Dow Jones Futures were up by 75 points, or 0.2%, S&P 500 Futures…

The U.S. Federal Reserve is expected to cut its benchmark policy rate by 0.25 percentage points at the conclusion of its meeting on Thursday, but the move could seem secondary in light of the uncertain economic landscape the central bank will likely face under a second Trump administration. Donald Trump’s…