• Stocks down in Australia amid fresh rate hikes

    Markets in the Asia-Pacific region exhibited a mixed trading performance on Tuesday, diverging from the movements on Wall Street. The S&P 500 had initially reached its highest intraday level in nine months but later erased…
  • China directs some banks to slash deposit rates

    According to insiders, Chinese authorities have recently instructed the country's largest banks to reduce their deposit rates for the second time in less than a year in an attempt to stimulate economic growth. Reports indicate that…
  • Australia’s apex lender ups rates

    The Reserve Bank of Australia announced on Tuesday that it has raised its benchmark interest rate for the 12th consecutive time to 4.1%. This decision comes in response to a higher-than-anticipated annual inflation rate of…
  • CBA discontinues transfer charge

    Commonwealth Bank of Australia, the largest bank in the country, has announced that it will eliminate transaction fees for its retail and business banking customers who send money abroad using its digital platforms. The decision…
  • Economy in India ramps up

    India's economy experienced an acceleration in growth, reaching 6.1 percent in the January-to-March quarter, fuelled by government and private capital spending. Despite sluggish private consumption, India's growth remains strong compared to other emerging economies, particularly…