World Business News
Bank of Korea Seen Holding Rate at 3% This Week, With November Hike Still on the Table
Economists polled by Yonhap, Money Today and Seoul Economic Daily expect the Bank of Korea to keep its base rate at 3% on Thursday…
Articles by Kazi Mahmood
World Business News
Japan’s Katayama Pledges Falling Debt Ratio, Says Tax Cut Will Not Rely on Deficit Bonds
Japanese Finance Minister Satsuki Katayama told the IMF's steering committee in Bangkok that Tokyo's food tax cut and new income-based benefits will be funded…
World Business News
PBOC’s Pan Backs Tougher IMF Watch on Rich Nations’ Fiscal Risks as Bond Rout Rattles Markets
China's central bank chief told the IMF's steering committee in Bangkok that the Fund should step up scrutiny of fiscal risks in major advanced…
World Business News
Bessent, Rubio Defend Trump’s Russia Tariff Waiver, Citing 60-Day Review of Global Economic Fallout
US Treasury Secretary Scott Bessent and Secretary of State Marco Rubio said Trump's waiver of new Russia-linked tariffs is a pause to assess the…
World Business News
South Korea Finance Minister Says Chip Boom Will Run at Least Through 2027
South Korean Finance Minister Lee Hyoung-il told CNBC that chip demand still outstrips supply and the boom should last at least through 2027, after…
World Business News
European Stocks Notch Best Week Since June as Earnings Offset Global Tech Rout
The STOXX 600 rose 0.7% on Friday to a three-week high, gaining more than 2% for the week as strong results from Aixtron, Nordex…
World Business News
Eurozone Inflation Confirmed at 3.8% in September as Energy Costs Surge 18.9%
Eurostat confirmed euro area inflation jumped to 3.8% in September from 3.2% in August, with energy prices up 18.9% year on year and price…
Stocks and Markets
Wall Street Rebounds On Rotation To Safety As KOSPI Crashes 7.57% On AI Debt Fears
Dow gained 1.08% as investors fled AI tech for healthcare and consumer stocks, while South Korea's KOSPI crashed 7.57% on Thursday.
Stocks and Markets
KLCI Slips 0.25% As Tech Rout Hits Breadth, Defensives Seen Holding The Line
FBM KLCI eased 4.02 points to 1,623.70 as technology sold off; analysts expect defensive large caps to limit downside today.
World Business News
Nikkei Plunges 4.9% as AI Debt Fears and Hot US Inflation Hammer Japan’s Chip Stocks
Tokyo's Nikkei 225 shed more than 3,300 points on Thursday as Advantest and other chip-related shares tumbled on worries over AI financing and the…
World Business News
China’s New Bank Loans Rebound to 1.08 Trillion Yuan in September, but Credit Growth Hits Record Low
Chinese banks extended 1.08 trillion yuan in new loans in September, beating forecasts on targeted stimulus and quarter-end lending, yet outstanding loan growth slipped…
World Business News
Schwab Posts Record Q3 Revenue and US$190 Billion in New Assets, but Shares Slide on Soft Outlook
Charles Schwab reported record third-quarter revenue of US$7.17 billion and record core net new assets of US$190.4 billion, yet its shares fell about 5%…
World Business News
Penske Automotive to Go Private in US$16.3 Billion Deal Led by Penske Corp and Mitsui
Penske Corp and Japan's Mitsui & Co will buy out Penske Automotive Group's minority shareholders at US$212 a share in cash, valuing the US…
FBM KLCI
KLCI Stays Resilient as Bargain-Hunting Lifts Large Caps
The FBM KLCI rose 0.27% to 1,627.72 as bargain-hunting in large caps offset global jitters, with healthcare stocks leading gains.
World Business News
China Exports Surge 36.3% in September, Trade Surplus Widens to $133.5 Billion
China's exports jumped 36.3% in September from a year earlier, driven by semiconductors and autos, as pressure from trading partners including the EU to…
Currency
Analysts See Budget 2027 Supporting Ringgit and Bond Market
Economists expect the ringgit to trade at RM4.07-RM4.08 against the US dollar and see Budget 2027 backing the currency and bonds over the medium…