South Korea’s Central Bank Vows to Stabilize Markets Amid Political Turmoil

South Korea’s central bank vowed to stabilize financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to…

Japan Union Head Calls for Government to Accelerate Wage Efforts

The chair of Japan’s metalworkers’ union urged the government to accelerate efforts to raise pay, while expressing concern over premature tightening steps from the central bank. “We need to see…

Lula Names Three Brazil Central Bank Directors as Key Rate Rises

(Bloomberg) — Brazil President Luiz Inacio Lula da Silva nominated three new central bank board members on Friday as investors pressure for more aggressive interest rate hikes to cool the…

RBI to take on Google, Microsoft with its first-ever cloud platform: Report

The Reserve Bank of India (RBI) plans to launch an affordable, local cloud data storage pilot programme in 2025, for financial firms, Reuters reported, citing two sources. This is a…

RBI invites applications for deputy governor post with Michael Patra set to step down in Jan

Mumbai: Michael Patra, deputy governor of the Reserve Bank of India in charge of monetary policy, is set to step down once his term ends in January 2025. In an…

Dhanteras 2024: Shopping for gold? 7 key factors that are likely to affect gold prices in near term

Dhanteras and Diwali are not only a time of joy and celebration but also a season with special significance for gold investments in India. With Dhanteras today and Diwali 2024…

A $500 Billion Pile of Household Debt Weighs on New Thai Leader

(Bloomberg) — Thailand’s 38-year-old prime minister is working on a plan to alleviate the economic drag from a household debt bill topping $500 billion — a figure that has ballooned…