BOJ Heads Toward Rate Hike as Markets Take Trump in Stride
  • January 21, 2025

BOJ Heads Toward Rate Hike as Markets Take Trump in Stride

(Bloomberg) -- Bank of Japan Governor Kazuo Ueda is on track to raise interest rates to the highest level since 2008 on Friday, after global financial markets responded with relative calm to US President Donald Trump’s return to the White House.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Pho

In Davos, Malaysia's Khazanah looks to developed market investments, tame Trump risks
  • January 21, 2025

In Davos, Malaysia's Khazanah looks to developed market investments, tame Trump risks

DAVOS, Switzerland (Reuters) -Malaysia's sovereign wealth fund Khazanah Nasional Bhd is rebalancing its portfolio to invest more in developed markets, with an eye on managing expected risks from the new Donald Trump presidency in the U.S., its top official said. Khazanah invests heavily in Malaysia, with domestic investments amounting to 59.1% of its portfolio, followed by North America at 15.5%.

Netflix adds record 19 million subscribers in holiday quarter, stock soars
  • January 21, 2025

Netflix adds record 19 million subscribers in holiday quarter, stock soars

(Reuters) -Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, the company reported on Tuesday. The streaming giant said it will increase prices for most service plans in the U.S., Canada, Portugal and Argentina as it spends more on programming. Investors reacted enthusiastically to the results, sending Netflix's stock surging about 13% in extended trade, lifting its stock market value by almost $50 billion.