Sweden’s Riksbank cuts rates again amid economic slump
In the ever-turbulent waters of global finance, Sweden’s central bank has taken another plunge, trimming its key interest rate to 3.5%. This marks the second [more…]
Category: Investing & Markets
Philippines’ bold rate cut spurs Asia’s central banks to reconsider
In a move that caught many by surprise, the Philippines’ central bank broke away from the pack, slashing its main policy rate last week. This [more…]
Seoul’s housing market surge sparks new financial fears
The South Korean housing market is heating up again, and the flames are particularly intense in the capital, Seoul. In July, home prices across the [more…]
Arm’s shares tumble despite strong Q1 performance and A.I. boom
British chip designer Arm has revealed its first-quarter results for fiscal year 2025, surpassing analysts’ expectations by a comfortable margin. Yet, despite this triumph, its [more…]
Diageo’s stock spirals as Latin American sales take a hit
In a dramatic twist worthy of a soap opera, London-based spirits giant Diageo watched its shares take an 8% nosedive in early trading. The culprit? [more…]
Shenzhen unveils largest dim sum bond offering in Hong Kong
In a move that’s sure to shake up the financial markets, the Shenzhen government announced on Monday its plan to unleash a whopping 7 billion [more…]
Heineken shares plunge 10% amid China woes
In a surprising turn of events, Heineken’s shares took a steep 10% plunge following a disappointing earnings report and a significant write-down on a hefty [more…]
Hyundai zooms past expectations with record earnings
Hyundai Motor has taken the automotive world by storm with its second-quarter earnings. The South Korean giant cruised past Wall Street’s expectations, leaving analysts scrambling [more…]
Tesla’s earnings miss, stock drops, and Musk’s future promises
In a twist worthy of a sci-fi thriller, Tesla’s shares took a nosedive, dropping more than 8% in premarket trading. The electric car giant, helmed [more…]
Luxury brands face gloom as China’s economic woes deepen
Once the glittering beacon of luxury consumption, China now casts a growing shadow over high-end brands like LVMH and Chow Tai Fook. As the world’s [more…]