Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Economy

Wed, Dec 10, 2025 02:25 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

NZ Job Growth Slows, Fueling Rate Cut Bets as Unemployment Holds at 5.1%

May 07, 2025 02:13 am UTC| Economy

New Zealands labor market showed signs of cooling in Q1 2025, with employment inching up just 0.1% and the jobless rate holding steady at 5.1%, near 4.5-year lows. The subdued figures reinforce market expectations for...

China Cuts Bank Reserve Ratio to Inject $138B Amid US Trade War

May 07, 2025 02:02 am UTC| Central Banks Economy

Chinas central bank has announced its first reserve requirement ratio (RRR) cut of 2025 to bolster the economy amid intensifying trade tensions with the United States. Peoples Bank of China (PBOC) Governor Pan Gongsheng...

US Stock Futures Climb as China Trade Talks Set to Begin, Fed Decision in Focus

May 07, 2025 01:53 am UTC| Economy

U.S. stock index futures edged higher Tuesday evening after the government confirmed upcoming trade negotiations with China, helping offset earlier losses driven by a weak Wall Street session. However, gains were limited...

Philippine Inflation Falls to 5-Year Low, Opening Door for Further Rate Cuts

May 06, 2025 03:41 am UTC| Economy

The Philippines inflation rate dropped to its lowest level in over five years in April, driven by falling food and transport prices, the Philippine Statistics Authority said Tuesday. The slowdown strengthens the case for...

US Dollar Struggles as Asian Currencies Surge Amid Trade Talks and Tariff Concerns

May 06, 2025 03:26 am UTC| Economy

The U.S. dollar weakened on Tuesday as sharp gains in the Taiwan dollar triggered strength across Asian currencies, raising doubts about the greenbacks resilience. The Taiwan dollar soared 8% over two days, touching a...

Hong Kong Defends Currency Peg with $7.8 Billion Intervention

May 06, 2025 03:21 am UTC| Economy Central Banks

Hong Kongs de-facto central bank, the Hong Kong Monetary Authority (HKMA), intervened in the foreign exchange market on Tuesday by purchasing US$7.8 billion (HK$60.5 billion) to prevent the Hong Kong dollar from rising...

Westpac CEO Sees Economic Recovery as Mortgage Stress Eases, M&A Activity Rises

May 06, 2025 03:16 am UTC| Business Economy

Westpac CEO Anthony Miller said Australias economy is showing signs of recovery, citing reduced mortgage stress and a surge in corporate buyout interest. Speaking at the Macquarie Australia Conference in Sydney, Miller...

271 272 273 274 275 276 277 278 279 280

Economy

Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High

Gold prices held steady during Asian trading on Wednesday, maintaining a positive tone ahead of the U.S. Federal Reserves widely anticipated interest rate cut. Both spot gold and gold futures saw mild gains, with spot...

Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen

Asian stock markets retreated on Wednesday as investors turned cautious ahead of a closely watched U.S. Federal Reserve interest rate decision. Markets across the region tracked mild overnight losses on Wall Street, where...

ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines

The Asian Development Bank (ADB) has approved a $400 million policy-based loan designed to support the Philippines push to improve its business environment and attract more foreign investment. Although the country remains...

Global Forex Markets Brace for Fed Decision as Yen Extends Weakness

The Japanese yen continued to struggle on Wednesday, slipping further as investors remained focused on the widening interest rate gap between Japan and other major economies. Despite expectations that the Bank of Japan...

Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand

Silver prices skyrocketed to an all-time high on Wednesday, breaking above $60 an ounce as tightening supply expectations and stronger investor interest pushed the white metal to outperform gold. In early trading, spot...

Politics

China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs

China has taken a major step to reinforce its domestic semiconductor industry by adding locally developed artificial intelligence chips to an official government procurement list for the first time, according to a report...

Musk Says Trump’s DOGE Initiative Fell Short and He Wouldn’t Lead It Again

Tesla CEO Elon Musk reflected on his time leading U.S. President Donald Trumps Department of Government Efficiency (DOGE), acknowledging that the initiative achieved only limited success. Speaking on a podcast with former...

US Criticizes China After Radar Incident Escalates Tensions With Japan

The United States has publicly criticized China for the first time after Chinese fighter jets reportedly aimed their radars at Japanese military aircraft during a training exercise near Okinawa last week. The incident,...

Australia Pushes Forward on AUKUS Submarine Program Amid Workforce and Production Challenges

Australia is intensifying efforts to advance the AUKUS nuclear submarine program, with Defence Minister Richard Marles stressing that the nation is being very self-critical as it works to overcome key challenges,...

Bolsonaro’s Defense Requests Hospital Transfer and Humanitarian House Arrest

Defense lawyers for former Brazilian President Jair Bolsonaro have formally requested that he be transferred from jail to a hospital to undergo surgical procedures, according to a document reviewed by Reuters. The legal...

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 Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...

EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies

EssilorLuxottica is doubling down on smart eyewear innovation, with its Ray-Ban Meta glasses delivering their first meaningful revenue boost since launch. These AI-powered frames, developed with Meta, aim to redefine...

Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market

Microsoft has announced more than $23 billion in new global artificial intelligence investments, with the majority directed toward India as the tech giant accelerates its presence in one of the worlds fastest-growing...

Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns

The Trump administration is facing strong backlash from China hawks and Democratic lawmakers after authorizing Nvidia, AMD, and Intel to sell advanced AI chipsspecifically Nvidias H200to China. President Donald Trump...

SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation

SpaceX is reportedly moving forward with early plans for a massive initial public offering that could raise more than $30 billion, potentially making it the largest IPO in history. According to a Bloomberg News report...