Latest Finance-Economy News
Stocks Struggle Ahead of US Data
Markets are trading cautiously as investors await key US economic data, with Asian equities showing mixed performance and treasuries remaining steady.
South Korea Q3 GDP Revised Up
South Korea's third-quarter GDP grew 1.3% quarter-on-quarter, up from the initial 1.2% estimate, signaling modest economic recovery.
Trump Eyes Hassett for Fed Chair
President Trump has indicated that Kevin Hassett could be a potential candidate for the next Federal Reserve chair, with an announcement expected early next year.
Asia Central Banks May Cut Rates
HSBC's Frederic Neumann and Bloomberg economists suggest that most Asian central banks are likely to continue cutting rates into 2026 due to growth and inflation risks.
Amazon Launches New AI Chip
Amazon has rushed out its latest AI chip to compete with Nvidia and Google, highlighting the intensifying race in artificial intelligence hardware.
Bitcoin Surpasses $90,000
Bitcoin prices have rebounded above $90,000, causing volatility and whiplash among traders amid ongoing macroeconomic uncertainty.
China Q3 GDP Growth Expected
China's third-quarter GDP is forecast to rise 0.7% quarter-on-quarter, the fastest pace in three years, though still considered anemic by analysts.
EU Approves Reparations Loan for Ukraine
The European Union has approved a reparations loan for Ukraine, using frozen Russian assets, to bolster Ukraine's position in peace negotiations.
Serbia Refinery Halted by US Sanctions
Serbia's Russian-owned NIS refinery has halted operations after the US denied a sanctions waiver, threatening Serbia's fuel supply and risking secondary sanctions.
Belgium Opposes Ukraine Reparations Loan
Belgium's Prime Minister has opposed the EU's reparations loan for Ukraine, warning it could pose risks to Belgium's financial stability.