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Oct. 19, 2023 - Bank Indonesia raised its benchmark seven-day reverse repo rate by 25 basis points to 6.0%. (Photo: Graham Crouch | Bloomberg)

2 min read

Indonesia’s central bank stuns markets with a 25-basis-point rate increase

Post Date 10/19/2023

In an unexpected move, Indonesia’s central bank has decided to raise its benchmark rate, a significant shift from its previous stance of maintaining rates, in [more…]

(Oct. 19, 2023) On Thursday, American Airlines reported a third-quarter deficit and reduced its annual profit projection. (Photo: Jenny Kane | AP)

2 min read

Investing & Markets U.S.

American Airlines reports Q3 loss and adjusts downward 2023 profit projection

Post Date 10/19/2023

American Airlines reported a third-quarter loss and adjusted its 2023 profit outlook due to the impact of rising fuel prices. The airline now anticipates earning [more…]

China's economy regained traction in the third quarter, posting a 4.9% year-on-year GDP growth. (Photo: Investors Observer)

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China Investing & Markets

China’s Q3 economy grows 1.3% quarterly, 4.9% annually

Post Date 10/18/2023

China’s economy saw a robust resurgence in the third quarter, surpassing expectations with a 4.9% year-on-year GDP growth, positioning it well to achieve its annual [more…]

Retail sales rose 0.7% on September, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. (Photo: Verifone)

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Investing & Markets U.S.

Retail Sales in September surged 0.7%, exceeding estimates by a wide margin

Post Date 10/17/2023

Despite concerns about high interest rates and a weakening economy, consumers displayed remarkable resilience in September, propelling retail sales well above expectations. According to the [more…]

The depreciating ASEAN currencies against the dollar raise import costs and elevate inflation risk. (Photo: iStock)

5 min read

Investing & Markets Malaysia Thailand

Economic woes for Malaysia and Thailand as their currencies weaken against the US dollar, soaring import costs and inflation threats

Post Date 10/16/2023

Southeast Asian currencies are currently hovering near their lowest points for the year in the face of a robust U.S. dollar, with the Malaysian ringgit [more…]

The rupee's fate hinges on the Reserve Bank of India's intervention amid soaring oil costs. (Photo: Mint)

2 min read

India Investing & Markets

Traders express concerns over Rupee’s resilience amidst Middle East oil price surge, Central Bank support expected

Post Date 10/16/2023

According to market analysts, the Indian rupee is facing increasing pressure due to the surge in oil prices driven by the Middle East conflict. Once [more…]

Oct. 13, 2023 - China's economy remains unsteady with deflation threat. (Photo: Narvikk)

3 min read

China Investing & Markets

Improvement in China’s trade figures offers hope for economic recovery despite challenges

Post Date 10/13/2023

On Friday, China unveiled a combination of economic statistics that indicated a gradual improvement in the decline of exports and imports, even though persistent deflationary [more…]

Last year, Russian companies conducted the most extensive drilling activities at their oil fields in over a decade. (Photo: Bloomberg)

3 min read

Investing & Markets Russia Saudi Arabia

Saudi Arabia and Russia maintain oil price agreement amidst Israel-Gaza war

Post Date 10/12/2023

In an announcement on Wednesday, Russian President Vladimir Putin indicated that the oil supply cuts imposed by Saudi Arabia and Russia, effectively withholding 1% of [more…]

Oct. 11, 2023 - Wholesale inflation rose 0.5% in September. (Photo: Getty Images)

2 min read

Investing & Markets U.S.

September saw a greater-than-anticipated increase in wholesale inflation, with a rise of 0.5%

Post Date 10/11/2023

In September, the producer price index (PPI) in the U.S. exceeded expectations, rising by 0.5%, indicating continued inflationary pressures. This increase was primarily driven by [more…]