Gold price exceeds $4,000 for the first time
The price of gold has doubled in less than two years, supported by central bank purchases and investor inflows into gold funds.
Gold price exceeds $4,000 for the first time
The price of gold has doubled in less than two years, supported by central bank purchases and investor inflows into gold funds.
Nvidia Invests in Elon Musk's xAI Startup as Part of $20 Billion Funding
Elon Musk's AI startup xAI raises $20 billion, including an equity investment from Nvidia. This funding is tied to Nvidia GPUs xAI plans to use for its Colossus 2 project.
Gold Surpasses $4,000 an Ounce, Reaching Historic Record
Gold crossed $4,000 an ounce Wednesday, hitting a record, driven by investor safe-haven demand amid economic and geopolitical uncertainties and expectations of Fed rate cuts.
BCG CEO anticipates significant job cuts due to AI
Boston Consulting Group CEO Christoph Schweizer believes artificial intelligence will lead to job losses. He also shared his views on Donald Trump's economic policy.
Gold price exceeds $4,000 for the first time
The price of gold reached a new all-time high, exceeding $4,000. The precious metal has seen a sharp rise since the start of the year.
Gold Surpasses $4,000 an Ounce, Fueled by Economic Worries and US Shutdown
Gold's spot price crossed the $4,000 an ounce mark, driven by fears over the US economy and a potential government shutdown, extending its record rally.
Keppel REIT Management launches private placement of shares between S$0.983 and S$1.004 per unit
Keppel REIT Management initiated a private placement to raise capital, with a price range set between S$0.983 and S$1.004 per unit, aiming to strengthen its financial position.
Tesla launches 'affordable' versions of Model Y and 3 amid competition
Tesla introduced cheaper versions of its Model Y and 3, starting at $39,990 and $36,990. Some deem these prices too high to attract new buyers, despite Elon Musk's goals.
Australia Allocates $395 Million to Support Glencore Copper Operations
Australia announced AUD 600 million ($395 million USD) in three-year financial support for Glencore's copper operations in Mount Isa and the Townsville refinery.
New Zealand Dollar Falls After Unexpected RBNZ Rate Cut
The Reserve Bank of New Zealand surprised markets with a larger-than-expected interest rate cut, signaling future reductions, causing the kiwi and bond yields to tumble.
Pictet favors Japanese stocks, reduces European exposure after Sanae Takaichi's victory
Pictet Asset Management increases Japanese stock investments and decreases European exposure following Sanae Takaichi's victory in the ruling party leadership election.
Keppel REIT Management raises S$113 million via private placement
Keppel REIT Management announced a private placement to raise at least S$113 million to strengthen its financial position and support its operations.
Indonesian bourse may pause on Wednesday after four sessions of gains
After rising 1.6% over four consecutive sessions, Jakarta's Composite Index (JCI) is expected to open lower on Wednesday, hovering just below 8,170 points.
Reserve Bank of New Zealand cuts rates by 50 basis points to stimulate the economy
The RBNZ lowered interest rates by 50 basis points, reacting to weak economic data and a marked slowdown in New Zealand's growth.
Oil Rises Following OPEC+ Decision to Limit November Production Increase
Oil prices rose slightly Wednesday as markets digested OPEC+'s decision to curb its November production increase, easing oversupply fears.
Indonesia targets B50 biodiesel by 2026 to cut diesel imports
Indonesia's Energy Minister confirmed the goal of making B50 biodiesel (50% palm oil) mandatory in 2026 to reduce diesel imports.
Senator Rand Paul Discusses Shutdown, Trump's Drug Raids, and More
Senator Rand Paul plans to co-sponsor a measure to stop military raids on suspected drug boats, criticizing recent deadly Caribbean attacks. He also addresses the shutdown and his budget plan.
Japanese market slightly up, driven by automotive and finance
The Nikkei 225 closed slightly higher Wednesday, reversing earlier losses despite negative Wall Street signals. The automotive and financial sectors supported this rise.
Dollar hits highest level against yen since mid-February
The dollar/yen pair rose 0.33% to 152.39, its highest level since mid-February.
Tesla Falls, Ford Drops Most Since April, AppLovin Rises | Stock Market Movers
Tesla launched updated, lower-priced Model 3 and Y. Ford faces disruptions from an aluminum plant fire. AppLovin's stock fell due to a SEC probe into data collection practices, then recovered.
Vietnam Classified as Emerging Market by FTSE Russell
FTSE Russell has reclassified Vietnam as an emerging market, a move expected to attract billions in foreign investment.
RBNZ Cuts Key Rate by 50 Basis Points to Stimulate NZ Economy
New Zealand's central bank lowered its key interest rate by 50 basis points to boost economic growth, weakened by falling business and consumer confidence. The NZ dollar dropped.
Reserve Bank of New Zealand cuts key interest rate by 50 basis points
New Zealand's central bank surprised markets by lowering its rate by 50 basis points to 2.50% on Wednesday, signaling economic concerns and a willingness to act.
Hong Kong Stock Market May Continue to Fall
Before the Mid-Autumn Festival, the Hang Seng Index fell over 325 points (1.1%) over two consecutive sessions, settling just above 26,950.
Glencore Receives $395M from Australia to Maintain Copper Smelter Operations
Glencore Plc announced AUD 600 million ($395 million) in funding from federal and Queensland governments to extend its Mount Isa copper smelter and refinery operations by three years.
Wall Street retreats after records due to economic concerns
US stocks closed lower as investors weighed economic weakness using secondary indicators amid a government shutdown. Data was unavailable.
Consumer Prices Index Inflation Near Bank of England's Target Range
Annual consumer prices index inflation is currently near the top of the Monetary Policy Committee's 1-3% target range.
Reserve Bank of New Zealand cuts its key interest rate to 2.50%
The Reserve Bank of New Zealand (RBNZ) lowered its official cash rate (OCR) to 2.50%, a move that could influence the country's financial markets and economy.
Reserve Bank of New Zealand Holds Key Rate at 2.5%
The Reserve Bank of New Zealand (RBNZ) announced it is keeping its official cash rate at 2.5%, a key monetary policy decision.
RBNZ anticipates more persistent short-term inflation
The Reserve Bank of New Zealand (RBNZ) revised its forecasts, indicating short-term inflation may prove more persistent than initially expected, impacting economic outlook.
RBNZ Considers Further Rate Cuts to Achieve Medium-Term 2% Inflation Target
The Reserve Bank of New Zealand (RBNZ) committee is open to further Official Cash Rate (OCR) cuts to stabilize inflation around the medium-term 2% target.
Reserve Bank of New Zealand cuts key interest rate to 2.50%
The Reserve Bank of New Zealand lowered its key interest rate to 2.50%, below the 2.75% forecast and the previous 3.00% rate.
RBNZ forecasts inflation return to 2% by mid-2026
The Reserve Bank of New Zealand (RBNZ) expects inflation to return to its 2% target by the first half of 2026, driven by the economy's spare capacity.
RBNZ sees weak economic activity through mid-2025
The Reserve Bank of New Zealand (RBNZ) observed weak economic activity expected to persist until mid-2025, according to its latest analyses.
RBNZ Identifies Upside and Downside Risks for New Zealand Inflation
The Reserve Bank of New Zealand (RBNZ) highlighted two-sided risks to its inflation forecast, indicating uncertainty about future price movements in the country.
RBNZ Considers 50bp Rate Cut Amid Inflation and Capacity Risks
RBNZ minutes reveal discussions of a 50 basis point rate cut, highlighting prolonged excess capacity and risks to medium-term activity and inflation.
RBNZ: Committee Considered 25 or 50 Basis Point Rate Cuts
RBNZ minutes reveal the committee deliberated on 25 or 50 basis point cuts to the official cash rate at its last meeting, signaling potentially looser monetary policy.
RBNZ: Financial conditions impacted by current and future policy rate
RBNZ minutes reveal financial conditions are strongly influenced by the current level and expectations of future official cash rate (OCR) changes.
RBNZ: Committee Slightly Revises Excess Capacity Assessment Following New Economic Data
The RBNZ committee adjusted its excess capacity assessment, incorporating the latest GDP and economic activity data, as detailed in its meeting minutes.
New Zealand Dollar Falls 0.96% After RBNZ's 50 Basis Point Rate Cut
The Reserve Bank of New Zealand cut its benchmark interest rate by 50 basis points, causing the NZD to fall to $0.5743.
Toyota's Aftermarket Business, Servicing 150 Million Vehicles, Set to Become Top Profit Source
Toyota Motor Corp.'s aftermarket and services business is growing, servicing 150 million vehicles and poised to become the company's largest profit source.
Hyundai Faces Challenges in the USA Despite Investments, Under the Trump Administration
Korean automaker Hyundai is investing heavily in the US market, but the Trump administration's trade and immigration policies pose significant obstacles to its ambitions.
Investors favor gold and alternatives to the dollar
Investors are turning to gold and Bitcoin as alternatives to the dollar, impacting currencies and precious metals.
Australian market slightly down for the third consecutive session
Australian shares retreated Wednesday, with the S&P/ASX 200 falling below 8,950 points, impacted by Wall Street and weakness in gold mining and financial sectors.
Official Cash Rate
Actual: 2.50% — Forecast: 2.75% — Previous: 3.00%
RBNZ Rate Statement
Tesla launches 'affordable' versions of Model Y and Model 3
Tesla introduced more accessible versions of its Model Y and Model 3 vehicles, with starting prices of $39,990 and $36,990, considered high by some observers.
Taiwan stock market may pause after five sessions of gains
After advancing over 1,630 points (+6.4%) in five sessions, the Taiwan Stock Exchange, above 27,210 points, could run out of steam on Wednesday.
Pimco Expresses Caution Towards EU Government Bonds, Particularly France
Pimco's Nicola Mai is skeptical of rising European government bond yields, especially for France, but sees opportunities elsewhere.
Dollar strengthens amid US budget impasse, boosting safe-haven appeal
The US dollar hit a six-week high as escalating government shutdown risks increased investor uncertainty.
Trump Promises Trade Fairness to Canada During Carney Visit
President Donald Trump promised fair treatment to Canada in trade talks but was less committed to a continental trade deal including Mexico.
South Korea anticipates negative impact on EU steel exports following new quota proposals
Seoul stated that the European Commission's proposal to halve duty-free steel import quotas and impose a 50% tariff would affect its exports.
Hong Kong's Capital Market Recovers with Diversified IPOs
Chinese and global bankers highlight Hong Kong's opportunities and challenges as an international financial hub, citing a Kazakh mining firm's IPO as proof of its reach.
Philippine Peso Expected to Recover on Central Bank Support and Remittance Flows
Analysts anticipate a rebound in the Philippine peso in the coming months, supported by potential central bank intervention and seasonal inflows from expatriate workers.
Air Traffic Controller Shortage: Persistent Delays at US Airports
Thousands of flights are delayed due to a persistent air traffic controller shortage, worsened by the government shutdown, impacting FAA operations.
Expected correction for Singapore stocks after seven sessions of gains
After seven consecutive sessions of gains, Singapore's stock market, represented by the Straits Times Index, is considered overheated and a consolidation is expected Wednesday.
Ecuadorian President Daniel Noboa's convoy attacked by protesters
Ecuadorian President Daniel Noboa's convoy was attacked by stone-throwing protesters angry over the end of a diesel subsidy. The president was unharmed.
Japanese Stocks Rise Following Sanae Takaichi's LDP Victory
Sanae Takaichi's unexpected victory in the Liberal Democratic Party this weekend offers a new perspective, boosting Japanese stock markets.
Core extends its takeover bid on Pacific Industrial until October 30
Core has extended its takeover bid for Pacific Industrial, pushing the deadline to October 30 to finalize the acquisition.
Japan's Slowing Wage Growth Highlights Challenges for Takaichi
Japan's wage growth has slowed, with real wages falling, highlighting the challenge for Sanae Takaichi, the new ruling party leader, amid rising living costs.
Japan's Current Account Surplus Reaches 3,775.8 Billion Yen in August
Japan recorded a current account surplus of 3,775.8 billion yen in August, exceeding analysts' forecasts of 3,540 billion yen.
Japan Current Account Surplus Exceeds Expectations at 3,775.8 Billion Yen
Japan's unadjusted current account reached 3,775.8 billion yen, surpassing forecasts and previous figures.
Colombian inflation exceeds forecasts, reaching a seven-month high
Colombian inflation accelerated, strengthening the central bank board majority resisting political pressure to lower interest rates.
Current Account
Actual: 2.46T — Forecast: 2.45T — Previous: 1.88T
Political Stalemate and US Government Shutdown: Update on Negotiations 07/10/2025
Senator Rand Paul presents his budget plan. Mara Rudman discusses Israel-Hamas negotiations two years after the October 7th attack. Senator James Lankford addresses federal layoffs and back pay.
Malaysia's stock market may extend Tuesday's losses
After two declines in three days, Kuala Lumpur's composite index, just above 1,630 points, could see its losses deepen on Wednesday.
Japan's real wages fall for eighth straight month in August
Japan's real wages declined for the eighth consecutive month in August due to persistent inflation and a drop in one-off payments, government data showed Wednesday.
AI for Online Cycling | Bloomberg Businessweek
Zwift CEO Eric Min discusses AI integration in online cycling and running fitness programs, allowing users to interact and compete in a virtual world.
Oil slightly up, US inventories and supply outlook in question
Oil rose slightly after mixed US inventory data. Traders watch global supply as OPEC+ maintains production increases and US output expands.
Japan's Overtime Pay Rose 1.3% in August Year-on-Year
Japan's overtime pay increased 1.3% in August year-on-year, signaling positive labor market momentum.
Cash Wages in Japan Rise 1.5% in August
Japan's total cash earnings grew 1.5% year-on-year in August, government data showed, signaling a slight improvement in wage conditions.
Japan's inflation-adjusted real wages fell 1.4% in August
Japan's inflation-adjusted real wages decreased 1.4% in August year-on-year, according to government data, marking a continued downward trend.
Japan's Overtime Pay Rises 1.3%
Japan's overtime pay rose 1.3%, down from 3.3% previously, with no specific forecasts available.
Japan: Cash Earnings Rise 1.5% Year-On-Year, Missing Forecasts
Japan's average cash earnings grew 1.5% year-on-year, below the expected 2.7% and down from the previous month.
US Soybean Farmers Fear Crisis Amid Lack of Chinese Purchases and Record Harvest
China, the world's top soybean importer, hasn't bought US soybeans in months. Farmers anticipate an economic "bloodbath."