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China's Xi to meet South Korean leader, capping APEC summit
China's Xi to meet South Korean leader, capping APEC summit
Business and Economy
by  AFP

Xi Jinping will sit down with South Korean counterpart Lee Jae Myung on Saturday, after taking centre stage at an Asian summit in the wake of a US leader Donald Trump's departure. Trump chose to return to the United States following those talks, leaving the Chinese leader to take centre stage at a summit in which he has framed Beijing as a counterweight to an American-led international order.

US Fed official backed rate pause because inflation 'too high'
US Fed official backed rate pause because inflation 'too high'
Business and Economy
by  AFP

A senior member of the US Federal Reserve on Friday said he voted against cutting interest rates this week because inflation was "too high" for comfort. Among the 10-2 majority voting for a quarter-point cut this week was Fed governor Christopher Waller, a Trump nominee who is on the five-person shortlist to take over from Powell when he steps down as Fed chair next May.

Swiss central bank profits boosted by gold price surge
Swiss central bank profits boosted by gold price surge
Business and Economy
by  AFP

Switzerland's central bank on Friday reported a profit of 12.6 billion Swiss francs ($15.7 billion) for the first nine months of 2025, boosted by soaring gold prices and rising stock markets. To diversify its reserves, the Swiss central bank's equity portfolio uses a passive strategy that reflects stock market indices rather than picking stocks out to generate profits.