Author Archives: Syndicated Content
ECB has room for gradual rate cuts, Kazaks says
JACKSON HOLE, Wyoming (Reuters) - The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged, ...
Aug 23, 2024
Singapore July core inflation 2.5% y/y, lowest in more than two years
SINGAPORE (Reuters) - Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday. The core inflation rate - w...
Aug 23, 2024
Take Five: Nvidia, let's see what you've got
LONDON (Reuters) - The latest earnings from AI darling Nvidia and key inflation numbers in the euro area and Australia should keep markets busy in the coming week. Gold's relentless climb to record hi...
Aug 23, 2024
Nestle shares face pressure following abrupt departure of CEO
By John Revill ZURICH (Reuters) - Nestle shares were expected to fall early on Friday following the abrupt departure of CEO Mark Schneider from the world's biggest foodmaker and his replacement by com...
Aug 23, 2024
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out. The dollar...
Aug 23, 2024
CBA cuts rates for new borrowers re-igniting mortgage war fears
By Rishav Chatterjee (Reuters) - Commonwealth Bank of Australia, the country's biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking fears of spurr...
Aug 23, 2024
European shares largely flat ahead of Powell's speech
(Reuters) - European shares were largely flat on Friday as investors played it safe ahead of Federal Reserve Chair Jerome Powell's speech later in the day. The pan-European STOXX 600 index was up 0.1%...
Aug 23, 2024
Australia's Tabcorp fined over gambling regulation breaches in Victoria
By Rishav Chatterjee (Reuters) - Australian wagering business Tabcorp has been fined A$4.3 million ($2.89 million) for repeated breaches of gambling harm prevention laws between 2020 and 2023, the Vic...
Aug 23, 2024
Investors rush to money market funds before Fed rate cut, BofA says
By Harry Robertson LONDON (Reuters) - Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S. Federa...
Aug 23, 2024
Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) - Having spent all year trying to put a floor under the tumbling yuan, China's central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the cur...
Aug 23, 2024
