U.S. Phases Out Penny After 200 Years, Cites Production Costs
The U.S. discontinues penny production in 2025 after 217 years, impacting global financial trends and retail practices. Analysis of economic implications for Asia.
News & Insights Across Asia
The U.S. discontinues penny production in 2025 after 217 years, impacting global financial trends and retail practices. Analysis of economic implications for Asia.
The US Federal Reserve cuts rates again as the month-long government shutdown clouds economic outlook, with analysts warning of amplified risks.
A US appeals court rejected an attempt to remove Federal Reserve Governor Lisa Cook, allowing her to participate in a critical interest rate meeting. Senate confirms new Fed member Stephen Miran.
Fed Governor Lisa Cook challenges Trump’s dismissal bid amid allegations over pre-appointment mortgages, sparking concerns over central bank independence and global market stability.
Trump’s move to dismiss a Fed governor raises concerns over institutional independence and global financial stability, impacting markets and dollar credibility.
Federal Reserve maintains tight monetary policy amid tariff impacts, as Asian exporters adapt to shifting US trade dynamics and supply chain realignments.
Fed Chair Jerome Powell’s final Jackson Hole address could signal monetary policy shifts, impacting global markets and Asia’s economic outlook.
China’s yuan-denominated loans to the real economy rose 6.8% in July, reflecting sustained monetary support amid efforts to boost transparency and reduce corporate financing costs.
China’s central bank announces enhanced monetary support for tech innovation and domestic consumption, signaling strategic economic shifts for H2 2025.
China’s central bank reports robust growth in social financing and corporate loans, signaling strong monetary support for key economic sectors in H1 2025.
China’s central bank reports 12.92 trillion yuan in new loans for H1 2025, driving growth in manufacturing and SMEs while fostering cross-strait economic ties.
Fed Chair Powell emphasizes cautious approach to rate cuts amid tariff-induced inflation concerns, as consumer confidence wanes.
China reduces key lending rates to stimulate economic activity, impacting mortgages and business loans. Analysts see the move as a strategic effort to bolster growth.
China’s strategic RRR cut injects $138.7B liquidity, stabilizing markets while fueling SME support and green tech initiatives amid global economic shifts.
China cuts reserve requirements for banks, injecting 1 trillion yuan to stimulate economic growth amid global challenges. Experts highlight structural reforms.
China’s central bank outlines measures to stabilize economic growth and reduce financing costs amid global challenges, prioritizing innovation and risk management.
China’s central bank reduces reserve requirement ratio, injecting $138.9B to bolster economic growth and market stability. Key sectors targeted.
Trump escalates conflict with Fed Chair Powell over interest rates and tariffs, raising concerns about central bank independence and global economic stability.
China’s central bank governor announces plans to cut RRRs and interest rates in 2025 to stimulate economic growth, targeting innovation and trade stability.
India’s RBI cuts key lending rate by 25 basis points to spur economic growth amid slowing GDP and global uncertainties.