News

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Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth 'highly likely' to miss forecasts

Bank of Korea leaves rates unchanged in a surprise move,...

Economists polled by Reuters had estimated a 25-basis-point cut to 2.75%

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TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC net profit hits record high as fourth-quarter results...

TSMC, the world's largest contract chip manufacturer, produces advanced processors...

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Pete Hegseth hearing: Defense pick grilled on sex, alcohol, management allegations

Pete Hegseth hearing: Defense pick grilled on sex, alcohol,...

President-elect Donald Trump has stood behind Pete Hegseth, his controversial nominee...

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Trump says he'll create 'External Revenue Service' to collect tariffs, foreign revenue

Trump says he'll create 'External Revenue Service' to collect...

President-elect Donald Trump has reportedly contemplated declaring a national economic...

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JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase posts record profit as the bank’s massive...

The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest...

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Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

Citigroup swings to fourth-quarter profit, tops estimates...

The fourth-quarter report comes after a year where Citi's stock rose almost 37%,...

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Wells Fargo shares jump after earnings beat, strong 2025 guidance

Wells Fargo shares jump after earnings beat, strong 2025...

The lender expects 2025 net interest income, a key measure of what a bank makes...

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Core inflation rate slows to 3.2% in December, less than expected

Core inflation rate slows to 3.2% in December, less than...

The consumer price index was expected to rise 0.3% in December and show an annual...

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South Korea's President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree

South Korea's President Yoon Suk Yeol arrested as agencies...

This was the second bid to arrest the impeached president, following a failed attempt...

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Saudi Arabia vows to be 'fast and furious' in mining as it reveals $100 billion investment

Saudi Arabia vows to be 'fast and furious' in mining as...

Saudi Arabia has increased the valuation of its unexploited mineral resources from $1.3...