US Fed's December rate cut should be its last for now: official

The US central bank voted 11-to-1 in favor of cutting rates by a quarter of a percentage point at the meeting on December 17 and 18, reducing the bank's key lending rate to between 4.25 and 4.50 percent despite an uptick in inflation
11 January 2025

Taiwan chip giant TSMC says 2024 revenue rose 33.9%

Net revenue rose 33.9 percent to NT$2.9 trillion ($87.8 billion), the company said in a statement, ahead of the release of its complete earnings report next week.
11 January 2025

US hiring beats expectations in December to cap solid year

Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.
11 January 2025

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties
9 January 2025

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.
9 January 2025

Asian markets drop as trades fret over US inflation, rates outlook

Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.
9 January 2025

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.
9 January 2025

Fitch flags concerns over 'significant' US fiscal policy challenges

Congress has had frequent battles in recent years over the best way to tackle growing spending commitments, with lawmakers divided over whether to tax more, spend less, or do both at the same time.
8 January 2025

Samsung warns fourth-quarter profit to miss forecasts

The announcement comes after the world's largest memory-chip maker issued a rare apology in October acknowledging it was facing a "crisis" and that questions had arisen about its "fundamental technological competitiveness and the future of the company".
8 January 2025

US trade deficit widens in November on imports jump

With Trump set to take office later this month, trade imbalances in the world's biggest economy could again come under the spotlight.
8 January 2025

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion) in the quarter ended December
7 January 2025

Trump denies report that his team is eyeing pared-back tariffs

Trump responded on his Truth Social platform after the Washington Post cited three sources familiar with the matter as saying that Trump aides were exploring a narrower approach to tariffs
7 January 2025

US Fed's top banking regulator says he will step down early

Michael Barr, the Fed's vice chair for banking supervision, said in a statement that he would step down from his management role by February 28 at the latest
7 January 2025

Renata ships first batch of psychiatric disorder medicines to US

The tablet, Risperidone, is locally marketed as Sperid
6 January 2025

Import disruptions cripple Banglabandha land port operations

Protests by Indian truck operators over online slot-booking issues caused the disruption
6 January 2025

Foxconn beats estimates with record fourth-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 15.2 percent to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday
5 January 2025

AI will become a Madison Avenue sensation in 2025

Even companies such as Netflix and Amazon, which until recently relied mainly on subscriptions, are getting in on the action
5 January 2025

China's central bank vows 'moderately loose' monetary policy

Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt
5 January 2025

Microsoft expects to spend $80b on AI this fiscal year

Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.
4 January 2025

Container handling at private ICDs rose 16% in 2024

KDS Logistics managed to retain its top position among ICDs in handling export and import containers in 2024
4 January 2025