Malaysia’s central bank, Bank Negara Malaysia (BNM), is expected to maintain its key interest rate at 3.00% through 2025, according to a recent poll of economists. Despite robust growth and well-controlled inflation, there is no immediate need for a rate cut. The Malaysian ringgit’s recent appreciation further supports the case for keeping rates steady to
Brazil’s Finance Ministry has put forward a plan to Congress that includes taxing big tech companies and implementing a global minimum tax of 15% on multinational corporations. The goal of these proposals is to secure the country’s fiscal position by 2025 in case of a revenue shortfall. The plan outlined by the Finance Ministry aligns
Recently, a panel of Brazil’s federal supreme court justices unanimously upheld orders suspending the use of Elon Musk’s social network X nationwide. This decision came after the court issued suspension orders due to alleged violations of Brazil’s laws on political misinformation and hate speech online. The orders included fines for individuals or businesses engaging in
As per Bank of America Securities, investors are advised to consider hedging against the possibility of a significant nonfarm payrolls figure being released later in the week. This report is identified as a key source of potential volatility in the market, with analysts highlighting its importance in the current economic climate. S&P futures have shown
Since the onset of the pandemic, there has been a significant increase in travel spending among American households. This trend has been driven primarily by a renewed interest in international vacations, according to recent research by the Bank of America. One of the key factors contributing to the surge in travel spending is the growing
Huawei recently announced plans to hold a product launch event on September 10th, just hours after Apple’s annual iPhone reveal. This strategic move is seen as an attempt by the Chinese technology giant to upstage its U.S. rival. The event is scheduled to take place at 2:30 p.m. Beijing time, which translates to late evening
In a surprising turn of events, REA Group, a property listings company majority-owned by News Corp, has expressed interest in acquiring Rightmove to potentially create a global real estate powerhouse. This announcement has caused quite a stir in the market, with shares of Rightmove skyrocketing by 24% to 6.89 pounds, reaching their highest level in
A recent strike of 10,000 U.S. hotel workers has commenced in various cities across the country after contract negotiations with major hotel operators Marriott International, Hilton Worldwide, and Hyatt Hotels stalled. The strike, led by the Unite Here union, has impacted workers at 24 hotels in popular destinations like San Francisco, San Diego, Honolulu, Boston,
Edgar Wright’s cult classic horror-comedy Shaun Of The Dead recently celebrated its 20th anniversary with a re-release that grossed an estimated $600k for the 3-day weekend and $720k for the four days. The film, starring Simon Pegg and Nick Frost, played exclusively in Dolby Cinema at 133 AMC theaters for a limited engagement. This successful
PDD’s recent plummet in stock value has raised concerns about the overall health of the Chinese consumer market. With a weakening economy and uncertain consumer sentiment, the company’s disappointing quarterly results have sparked a wave of doubt. However, despite the stock price decline, PDD’s revenue and profit have shown significant growth, leading some analysts to