Daily Debrief: What Happened Today (Jan 31)

    • In the first Federal Open Market Committee meeting of the year, the Fed said that it was “in no hurry” to adjust its policy stance.
    • In the first Federal Open Market Committee meeting of the year, the Fed said that it was “in no hurry” to adjust its policy stance. PHOTO: BLOOMBERG
    Published Fri, Jan 31, 2025 · 06:30 PM

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    Markets price in fewer rate cuts as Fed holds on tariff uncertainty, persistent inflation

    GLOBAL markets are pricing in fewer rate cuts for the year as the US Federal Reserve unsurprisingly kept rates on hold on Wednesday (Jan 29).


    US looking into whether DeepSeek bought Nvidia chips from Singapore companies: report

    THE US is looking into whether Chinese artificial intelligence company DeepSeek got around US export restrictions by buying Nvidia chips through companies in Singapore, Bloomberg reported on Friday, citing sources.


    Global air travel and cargo volumes set records in 2024, driven by Asia-Pacific growth

    GLOBAL air passenger and cargo volumes posted record highs in 2024, with the Asia-Pacific contributing the most to the growth of the aviation industry.


    Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks

    SINGTEL’S Australian subsidiary, Optus, has inked a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks to refinance its existing credit facilities, as well as for general corporate purposes.


    Singapore shares track regional gains on Friday; STI up 1.4%

    SINGAPORE shares tracked regional gains on Friday, ending the week higher after the two-day break for the Chinese New Year holidays.

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