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Stock market
Bank of England shifts focus to recession threat amid inflation battle
September 22, 2023 05:06 AM AEST| By InvestingIn a significant policy shift, the Bank of England (BOE) has indicated on Thursday that the looming threat of a recession in the UK has become a higher priority than inflation. This development follow
Crude oil prices could hit $100 amid global supply shortages, Russia's export ban: Mark Fisher
September 22, 2023 05:06 AM AEST| By InvestingMark Fisher, the founder of MBF Clearing Corp., forecasted in a CNBC interview on Thursday that crude oil prices could surpass $100 per barrel due to global supply shortages. This prediction was made
Fed's hawkish stance triggers Wall Street retreat, tech stocks lead declines
September 22, 2023 04:52 AM AEST| By InvestingU.S. stocks continued their retreat on Thursday as Wall Street grappled with the Federal Reserve's hawkish message alongside its decision to hold interest rates steady. Tech stocks led the broad equit
Kenneth Tanji appointed to Public Service Enterprise Group board
September 22, 2023 04:52 AM AEST| By InvestingKenneth Tanji has been elected to the board of directors of the Public Service Enterprise Group (NYSE:PEG), effective Wednesday this week. Tanji will serve on the Audit and Finance committees for the
Credit Agricole Outperforms Finance Sector, Year-To-Date Returns Impress Investors
September 22, 2023 04:46 AM AEST| By InvestingCredit Agricole (EPA:CAGR) SA (OTC:CRARY), a leading player in the Finance sector, has been capturing the attention of investors with its impressive year-to-date returns, which have surpassed the sect
Norges Bank Raises Key Interest Rate to Combat Inflation, Housing Sector Expresses Concern
September 22, 2023 04:42 AM AEST| By InvestingNorway's central bank, Norges Bank, increased its key policy rate by 0.25 percentage points, reaching 4.25 percent on Thursday, in an effort to curb persistently high inflation. The bank stated the ri
U.S. Treasury yields reach decade high, global markets respond
September 22, 2023 04:38 AM AEST| By InvestingThe financial landscape has witnessed a significant shift as U.S. Treasury yields reached their highest point in over a decade on Thursday, primarily due to the Federal Reserve's recent announcement o
Magellan Midstream and Oneok Secure Approval for $19 Billion Merger
September 22, 2023 04:36 AM AEST| By InvestingMagellan Midstream (NYSE:MMP) Partners, a leading pipeline company, has secured approval from its unit holders for a $19 billion merger with Oneok, as announced on Thursday. The merger, which is set t
South African Reserve Bank Maintains Repo Rate at 8.25% Amidst Inflation Concerns
September 22, 2023 04:34 AM AEST| By InvestingThe South African Reserve Bank (SARB) announced its decision to keep the repo rate unchanged at 8.25% on Thursday, September 21, 2023. This move also leaves the prime lending rate, the rate at which c
Dito Telecommunity Secures $3.9 Billion Long-Term Finance Facility for Debt Repayment and Network Expansion
September 22, 2023 04:28 AM AEST| By InvestingPhilippines-based telecom company DITO Telecommunity has secured a 15-year, $3.9 billion finance facility, marking one of the largest long-term debts arranged for a corporation in the Philippines. The
Carnival Corp. Retains Wall Street’s Interest Despite Recent Pullback
September 22, 2023 04:26 AM AEST| By InvestingDespite an 82% rise in 2023, Carnival (NYSE:CCL) Corp., the world's largest cruise line, continues to hold the attention of Wall Street professionals. After peaking with a 143% year-to-date gain over
Federal Reserve Signals Sustained High Interest Rates Amid Economic Resilience
September 22, 2023 04:20 AM AEST| By InvestingThe Federal Reserve has suggested that the current era of high-interest rates, the highest in two decades, may not be tapering off soon, indicating a significant shift in policy. This comes as recent
British Airways and Indigo Announce Codeshare Partnership to Boost India-Uk Connectivity
September 22, 2023 04:14 AM AEST| By InvestingBritish Airways and Gurugram-based air carrier IndiGo have announced a new codeshare partnership to enhance travel connectivity between India and the United Kingdom. The agreement, announced on Thursd
Portuguese government steps in to ease rising mortgage bills amid ECB rate hikes
September 22, 2023 04:14 AM AEST| By InvestingThe Portuguese government has introduced measures to mitigate the impact of increasing borrowing costs on households, following the European Central Bank's (ECB) decision to raise its deposit rate. Th
Bitcoin and Other Cryptocurrencies Face Slight Decline Following Federal Reserve Decision
September 22, 2023 04:12 AM AEST| By InvestingCryptocurrencies, including Bitcoin, experienced a marginal drop on Thursday, following the Federal Reserve's recent decision to keep interest rates unchanged while hinting at potential future increas
Market Trends: Return of Greed, Spacs’ Downfall, and the Energy Sector’s Conundrum
September 22, 2023 04:08 AM AEST| By InvestingIn the last week of September 2023, several market trends emerged that are causing a stir among investors. Despite an overwhelming sense of dread due to worries about a recession, inflation, and inter
Target’s Stock Recovery Expected Amid Improving Margins and Healthier Inventory
September 22, 2023 04:08 AM AEST| By InvestingTarget Corporation (NYSE:TGT), the American big box store, has been grappling with a significant drop in its stock value of nearly 20%, a downturn that began in spring 2022 and continued into 2023. Th
Argentina's dollarization proposal gains rare backing amid inflation woes
September 22, 2023 04:04 AM AEST| By InvestingMark Rosen, former U.S. representative to the International Monetary Fund (IMF), has endorsed the idea of Argentina adopting the U.S. dollar as its official currency to combat soaring inflation rates,
Binance mints $213 million TrueUSD amidst Bitcoin and altcoins decline
September 22, 2023 03:58 AM AEST| By InvestingIn a sudden twist in the cryptocurrency market on Thursday, Bitcoin's value saw a 2% drop from its opening figure. This unexpected downturn also impacted altcoins, with XRP and Ethereum (ETH) experien
RBI mandates Basel III regulations for national financial institutions from April 2024
September 22, 2023 03:58 AM AEST| By InvestingThe Reserve Bank of India (RBI) has decreed that national financial institutions, including NABARD, SIDBI, EXIM Bank, and NabFid, will be obligated to comply with Basel III prudential regulations from
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