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Australia’s Reserve Bank has lowered its benchmark lending rate by 25 basis points to 3.6%, the lowest since April 2023, while trimming its 2025 GDP growth forecast to 1.7% from 2.1%. The move follows a sharper-than-expected slowdown in public demand early ...

Nvidia and AMD have reached an unprecedented agreement to pay the US government 15% of their semiconductor revenues from China in order to secure export licences to the world’s second-largest economy. The deal covers Nvidia’s H20 chips and AMD’s MI308 models, ...

China’s export sector delivered stronger-than-expected growth in July despite persistent friction with Washington, as trade flows pivoted toward Africa and Southeast Asia. Official data showed exports rising 7.2% year-on-year, outpacing forecasts of under 6%, while imports grew 4.1%, the fastest pace ...

After two years of drought-driven scarcity and historic price volatility, Deoleo, the world’s largest olive oil producer, is signaling a cautious return to normalcy. A 65% rebound in Spain’s olive oil production, rising to 1.41 million metric tons in the 2024/2025 ...

Honda Motor’s first-quarter operating profit plunged by a staggering 50% year over year to 244.17 billion yen, well below the 323.48 billion yen forecasted by analysts. Despite this setback, revenue reached 5.34 trillion yen, outperforming analyst projections of 5.25 trillion yen. ...

Bitcoin has breached the $115,000 mark for the first time, a historic high driven by growing institutional interest and macroeconomic pressure. Despite a broader market dip, seasoned traders saw the downturn as a buying window, pushing the flagship cryptocurrency to ...

Oil prices slipped in early Asian trade after OPEC+ confirmed a significant output hike for September, extending its aggressive push to claw back global market share. Brent crude dropped 0.62% to $69.24 per barrel, while West Texas Intermediate declined 0.58% to ...

Samsung Electronics has reported a drastic 55% drop in Q2 operating profit to $3.4 billion, revealing the company's difficulties in keeping pace with rivals in the fast-evolving AI chip sector. While overall revenue saw a modest uptick, the once-dominant chip division ...

Robinhood delivered an excellent Q2 performance, with revenue surging 45% year-over-year to $989 million and net income doubling to $386 million, soundly beating Wall Street expectations. Earnings per share reached 42 cents, above the projected 31 cents, as trading activity remained ...

Swedish fintech disruptor and emerging giant Klarna has secured an electronic money institution license from the UK's Financial Conduct Authority (FCA), marking a pivotal shift beyond its core "buy now, pay later" services. This exciting authorization allows Klarna to introduce debit ...

Singapore International Airlines (SIA) shares slumped more than 8% after reporting a steep 59% plunge in net profit for the quarter ended June 30. The flag carrier’s net earnings dropped to US$144 million, down from a significantly stronger position a year ...

As the US and China prepare for their third high-level meeting of the year in Stockholm, expectations are being managed. With US tariffs on Chinese imports still sitting at 30% and Chinese retaliatory tariffs holding at 10%, both sides appear inclined ...

Puma’s stock dropped 17% after the company slashed its full-year outlook and flagged a likely operating loss in 2025, citing U.S. tariffs and internal struggles. Second-quarter sales fell 2% year-on-year to €1.94 billion, missing analyst expectations of €2.06 billion. Operating profit ...

In all of the growing economic uncertainty and a changing geopolitical order, the EU and Japan are strengthening their trade alliance as protection against pressure from both China and the US. At the 30th EU–Japan summit in Tokyo, leaders promised to ...

Singapore’s inflation rate held at 0.8% in June, maintaining its lowest level since early 2020 and coming in just below economists’ forecast of 0.9%. Core inflation, which excludes private transport and housing, remained unchanged at 0.6%, reinforcing expectations that the Monetary ...