MAS

Federal Reserve's Barkin Warns: Tariffs May Hamper Job Growth and Fuel Inflation

2 days ago

In a significant address, Thomas Barkin, the President of the Federal Reserve Bank of Richmond, voiced concerns regarding the potential ramifications of tariffs on the U.S. economy. During a recent speech, Barkin articulated that imposing tariffs could not only lead to a reduction in job opportunities but also contribute to rising inflation levels, a distressing combination for both consumers and businesses alike.

Fed's Barkin Stresses Caution on Rate Cuts Amid Ongoing Inflation Concerns

3 days ago

Federal Reserve Bank of Richmond President Thomas Barkin has expressed a measured stance on the prospect of further interest rate cuts, suggesting that a deeper confidence in the trajectory of inflation is necessary before any decisions can be made. In a recent interview, Barkin underscored the complexities and unpredictability surrounding current economic conditions, emphasizing the need to closely monitor inflation data.

Temasek's $6.5 Billion Investment Paves the Way for European Expansion Through Swiss Pharma Merger

4 days ago

In a significant move that highlights the growing interest of Asian investors in the European market, Singapore’s sovereign wealth fund, Temasek, has unveiled a groundbreaking merger in the pharmaceutical sector worth $6.5 billion. This strategic alliance marks Temasek's ambitious foray into Europe, aiming to capitalize on the continent's robust healthcare landscape.

Robinhood's Prediction Markets Division Faces Legal Scrutiny in Massachusetts

10 days ago

In a significant development for Robinhood, the California-based financial services platform known for democratizing trading, its prediction markets arm has come under the lens of legal scrutiny following the issuance of a subpoena by the Massachusetts Securities Division. This action signals an increased regulatory focus on a sector that has garnered much attention amid the proliferation of online trading and innovative financial products.

Stellantis to Transfer Maserati Production to Underused Italian Facility in Strategic Move

20 days ago

In a significant move to optimize manufacturing operations, Stellantis, the multinational automotive manufacturing corporation, has announced plans to shift Maserati output to an underutilized plant in Italy. This decision comes as part of the company's strategy to leverage existing resources and enhance production efficiency as demand for luxury vehicles continues to evolve.

Live Nation's Antitrust Battle: DOJ Case Moves Forward After Court Ruling

21 days ago

In a significant development for the live entertainment industry, Live Nation Entertainment, the company behind Ticketmaster, has faced a setback in its ongoing legal struggles with the U.S. Department of Justice (DOJ). A federal judge has ruled against Live Nation's attempt to dismiss an antitrust lawsuit that poses serious implications for the company's operations in the concert ticketing market.

Singapore's Firms Called to Enhance Climate Reporting Ahead of New Regulations

24 days ago

As Singapore gears up for stricter climate regulations, businesses in the region are being urged to improve their environmental reporting practices. The Monetary Authority of Singapore (MAS) is set to introduce rules that will require listed companies to provide detailed disclosures about their climate-related risks and efforts to combat climate change.

Bad Bunny's Rimas Entertainment Expands Influence with Stake in Dale Play

28 days ago

In a significant move within the music industry, Rimas Entertainment, the record label behind global superstar Bad Bunny, has announced its acquisition of a substantial stake in the digital music platform Dale Play. This strategic partnership is poised to reshape the landscape of Latin music and digital streaming, fostering greater opportunities for artists within the genre.

Bank of Japan's Deputy Chief Signals Potential for Future Rate Hikes

30 days ago

In a striking development that could alter the trajectory of the Japanese economy, the Bank of Japan's (BOJ) Deputy Governor, Masazumi Wakatabe, hinted at the possibility of further interest rate hikes. This statement came during a recent press conference and is seen as a pivotal moment for investors and market watchers who are closely monitoring the country’s monetary policy.

Swiss National Bank's Stance on Interest Rates: A Cautious Approach Amid Economic Changes

1 month ago

The Swiss National Bank (SNB) has signaled a careful approach towards interest rates as it navigates the changing economic landscape. In a recent statement, Thomas Schlegel, a member of the bank’s governing board, emphasized that the SNB would only consider lowering interest rates below zero if absolutely necessary. This cautious stance reflects both the current economic conditions and the bank's commitment to maintaining stability.