Europe: Stocks gain with rates outlook, earnings in focus
EUROPEAN stocks gained on Friday (Oct 11) as investors assessed the impact of hotter-than-expected US inflation data and the third-quarter earnings season kicked off. The Stoxx Europe 600…
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Rates
Australia central bank discussed future cases for raising, lowering rates
AUSTRALIA’S central bank discussed scenarios in which the cash rate may need to be raised or cut in the future at the September policy meeting, having left interest rates steady at 4.35…
ECB will ‘quite probably’ cut rates this month, Villeroy says
THE European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau. Inflation…
Banks whip out chequebooks for leveraged buyouts as rates fall
Investment banks, forced to take big writedowns on risky merger and acquisitions loans after a global surge in interest rates, are now jumping back into leveraged buyouts (LBO) – one of…
Minimum wage rates hiked from October 1 as VDA revised; check new rates
3 min read Last Updated : Oct 04 2024 | 3:37 PM IST The central government has revised the Variable Dearness Allowance (VDA), resulting in a significant increase in minimum wages for…
US port strikes to boost global shipping rates despite earlier front-loading of peak season demand
Prices spiked in July as companies scheduled shipments before the usual year-end peak period THE year-end peak shipping season has been quieter than usual, as companies brought forward…
China’s top banks to tweak mortgage rates to boost housing market
SIX of China’s biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing’s central bank, state media said on Monday (Sep 30),…
Rates will over time reach neutral level, says US Fed chief Powell
Progress on housing inflation has been "sluggish," the Fed chief said. | File Photo 3 min read Last Updated : Sep 30 2024 | 11:44 PM IST The US economy seems poised for a continued…
Hoping for banks to slash mortgage rates? Don’t hold your breath, analysts say
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in Singapore are likely to fall as the US Federal Reserve…
SNB cuts interest rates by 25 basis points for third time this year
The SNB cut its policy rate to 1.00 per cent, the lowest level since early 2023. Image: Shutterstock 2 min read Last Updated : Sep 26 2024 | 1:23 PM IST The Swiss National Bank cut…
Australia central bank warns households against over-borrowing once rates fall
AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a boom/bust cycle, though it judged the financial…
Japan Should Keep Rates, Prices Moving, Prime Minister Hopeful Kato Says
(Bloomberg) -- Japan should aim for interest rates and prices to “keep moving,” according to Katsunobu Kato, a potential candidate for the country’s next prime minister. Most Read from…
Venice to keep tourist entry charge, with higher rates at peak times
Venice wants to keep charging an entrance fee for day visitors when a trial period for the charge - the world's first such scheme - ends this weekend. The city plans to take account of…