US Fed shocks with even higher 0.75% rate hike
NEW YORK, 16 June 2022: The US Federal Reserve (US Fed) yesterday raised its benchmark interest rate by 0.75 percentage points – the biggest increase in 28 years – in …
Ikea joins long list of firms leaving Russia
MOSCOW, 15 June 2022: Swedish furniture giant Ikea today announced it would sell all four of its factories in Russia. The company will “reduce the workforce and start the process …
Hybe shares plummet after BTS announce hiatus
SEOUL, 15 June 2022: Shares of Hybe, the agency that manages K-Pop band BTS, plummeted at the Korea Stock Exchange today – after the band announced that it was going …
India’s wholesale inflation jumps to record 15.88%
NEW DELHI, 15 June 2022: India’s wholesale price index shot up to 15.88% in May – marking a new all-time high for an economy, which is under pressure by the …
Barely a fifth of Malaysian cars have flood cover
KUALA LUMPUR, 14 June 2022: Even though flooding is one of the most common natural disasters in Malaysia, many car owners are still uninsured against flood. A staggering statistic from …
Touch ‘n Go eWallet latest to offer Singapore payment options
KUALA LUMPUR, 14 June 2022: Like credit and debit cards, which let the user make payments regardless of jurisdictions, eWallets have been playing catchup as they are newer on the …
Indian rupee falls to another all-time low
NEW DELHI, 14 June 2022: The Indian rupee yesterday fell to another all-time low, with its exchange rate dropping to 78.28 rupees per US dollar – marking the first time …
Bitcoin dives 7%, sinking to 18-month low
LONDON, 13 June 2022: Bitcoin, the world’s largest cryptocurrency, tumbled by more than 7% today and hit its lowest record since December 2020 after remaining stagnant at US$30,000 for the …
Vkusno & tochka: Russia’s rebranded McDonald’s opens in Moscow (video)
MOSCOW, 13 June 2022: Thousands of Russians yesterday attended the reopening of the first branch of the revamped Russian McDonald’s in Moscow, following the US fast food chain’s closure of …
AirAsia says 99% of pandemic refunds completed
SEPANG, 10 June 2022: Airlines across AirAsia Aviation Group Ltd (AAAGL), the aviation arm of Capital A Group, today reaffirmed their commitment to resolve all refund requests caused by the …