Latest

With inflation under control, ECB to hold rates steady again
With inflation under control, ECB to hold rates steady again
Economy
by  AFP

The European Central Bank is expected to keep interest rates unchanged for its third straight meeting Thursday with inflation hovering around its target and the eurozone economy holding up. Jose Luis Escriva, Spain's central bank chief and a member of the ECB's rate-setting governing council, told El Diario newspaper in a weekend interview that the "current level of interest rates is appropriate".

Asia stocks muted with all eyes on Trump-Xi meeting
Asia stocks muted with all eyes on Trump-Xi meeting
Economy
by  AFP

Asian stocks were subdued Thursday morning, with investors closely watching talks between the leaders of the United States and China for potential breakthroughs to defuse a damaging trade war. Main benchmarks were nearly flat during Thursday morning trading in Tokyo, Shanghai and Sydney.

'Utter madness': NZ farmers agree dairy sale to French group
'Utter madness': NZ farmers agree dairy sale to French group
Economy
by  AFP

Farmers who own New Zealand dairy cooperative Fonterra voted Thursday to sell its consumer business to French group Lactalis, a decision slammed by the country's foreign minister as "utter madness". Foreign Minister Winston Peters said the vote meant "iconic" brands such as Anchor, Mainland and Kapiti were being sold off to the French firm.

Samsung posts 32% profit rise on-year in third quarter
Samsung posts 32% profit rise on-year in third quarter
Economy
by  AFP

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. - Share surge - Against the backdrop of AI market opportunities, Samsung -- a bellwether on South Korea's benchmark Kospi index -- has seen its shares surge more than 90 percent since the beginning of this year.