Bank Indonesia to Hold Rates Amid Rupiah Pressure, Cuts Expected Next Quarter
Bank Indonesia (BI) is expected to maintain its benchmark interest rate at 5.75% on Wednesday to prevent further depreciation of the rupiah amid rising...
Fed Holds Rates, but Trump’s Policies Pressure Future Cuts
After implementing 100 basis points (bp) of interest rate cuts in late 2024, Federal Reserve Chair Jerome Powell has indicated that the Fed is...
Dow Drops 630 Points as Tariff War Escalates
The Dow Jones Industrial Average tumbled by 630 points, or 1.53%, on Thursday, while the S&P 500 slid 1.6% and the Nasdaq Composite dropped...
China Criticizes Walmart Over Supplier Price Cuts Amid Tariffs
China’s Ministry of Commerce has held talks with Walmart after reports emerged that the U.S. retail giant requested price cuts from Chinese suppliers to...
U.S. Tariffs Take Effect, Sparking Recession Fears
As new U.S. tariffs go into effect, concerns over an impending economic downturn are mounting. President Donald Trump further fueled uncertainty over the weekend,...
US Credit Risk Gauges Reach 2025 High Amid Economic Concerns
US credit risk gauges surged to their highest levels this year on Monday as investors expressed fresh concerns about the state of the economy...