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Central Banks

Fri, Dec 05, 2025 05:38 AM All times are UTC

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PBOC Holds Key Rate Steady After Fed Cut

Sep 18, 2025 02:23 am UTC| Economy Central Banks

Chinas central bank, the Peoples Bank of China (PBOC), kept its main policy rate unchanged on Thursday, just hours after the U.S. Federal Reserve announced a rate cut. The PBOC injected 487 billion yuan ($68.56 billion)...

Fed Kicks Off Easing Cycle with First Rate Cut of 2025

Sep 18, 2025 02:22 am UTC| Central Banks Insights & Views

Ending a nine-month halt in interest rate changes, the Federal Reserve lowered its target rate by 25 basis points on September 17 to a range of 4.00%-4.25%. This decision shows increased worry about a slowing labor market...

Brazil Central Bank Holds Selic Rate at 15%, Signals Long Pause Ahead

Sep 18, 2025 01:09 am UTC| Economy Central Banks

Brazils central bank kept its benchmark Selic interest rate unchanged at 15% on Wednesday, marking the second consecutive pause in monetary policy. The unanimous decision by the monetary policy committee (Copom) reflects a...

New Zealand Economy Shrinks Sharply, Raising Odds of October Rate Cut

Sep 18, 2025 01:04 am UTC| Economy Central Banks

New Zealands economy contracted more than expected in the second quarter of 2025, intensifying pressure on the Reserve Bank of New Zealand (RBNZ) to deliver a sharper rate cut next month. Official data released Thursday...

Bank of England Poised to Slow Quantitative Tightening Amid Market Volatility

Sep 17, 2025 23:16 pm UTC| Central Banks Economy

The Bank of England (BoE) is expected to reduce the pace of its quantitative tightening (QT) when the Monetary Policy Committee meets on Thursday, while leaving interest rates unchanged at 4%. Economists polled by Reuters...

Fed Cuts Rates Amid Rising Unemployment Risks and Political Tensions

Sep 17, 2025 23:10 pm UTC| Economy Central Banks

The Federal Reserve lowered interest rates for the first time since December, cutting its benchmark by a quarter point to 4.00%-4.25%. Chair Jerome Powell said the move reflects growing concerns about a weakening U.S....

Fed's September FOMC Decision: Rate Cuts Loom Amid Economic Shifts

Sep 17, 2025 03:26 am UTC| Central Banks Insights & Views

Statement of Policy and Expectations for Rates Expecting to reveal its first rate cut of 2025 after keeping the federal funds rate at 4.25%-4.50%, the Federal Reserve concludes its much-anticipated September FOMC...

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Economy

Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets

Most Asian currencies held steady on Thursday after modest gains, as markets continued to price in the possibility of a Federal Reserve rate cut next week. The US Dollar Index edged 0.1% higher following an overnight dip...

Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains

Asian stock markets traded mostly subdued on Thursday, mirroring the modest uptick seen on Wall Street as investors positioned themselves ahead of next weeks Federal Reserve meeting. Market sentiment remained cautiously...

China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai

Taiwan President Lai Ching-te has urged Chinese President Xi Jinping to direct his focus toward revitalizing Chinas weakening economy rather than pursuing territorial expansion, highlighting widening economic contrasts...

IMF Deputy Dan Katz Visits China as Key Economic Review Nears

International Monetary Fund Deputy Managing Director Dan Katz is making his first trip to China since leaving his position as chief of staff to U.S. Treasury Secretary Scott Bessent, marking a significant moment ahead of...

Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut

The U.S. dollar fell to a five-week low on Thursday as Asian stocks opened the trading day with muted performance, reflecting growing expectations that the Federal Reserve will cut interest rates at its meeting next week....

Politics

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents

California has introduced a new online portal that enables the public to submit videos, photos, and other evidence of potential misconduct by federal immigration agents. The initiative comes as immigration enforcement...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...