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PBOC Keeps Rates Steady Amid Weakening Recovery
September 20, 2024 06:11 PM AEST| By Team Kalkine MediaThe People's Bank of China (PBOC) surprised analysts on Friday by maintaining benchmark interest rates despite growing calls for policy easing amid a sluggish economic recovery. In a decision that defied market expectations, the central bank held the...
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Government Borrowing Surpasses Expectations: What Does This Mean for the Economy?
September 20, 2024 05:57 PM AEST| By Team Kalkine MediaHigher-than-anticipated borrowing in August led public sector net debt to reach 100% of GDP, according to official figures released on Friday.,The Office for National Statistics reported that public sector borrowing, the gap between spending and tax...
Europe Opens: Shares Dip as Investors Weigh Rate Decisions; Mercedes Declines
September 20, 2024 05:54 PM AEST| By Team Kalkine MediaEuropean shares opened lower as market participants processed a series of interest rate decisions from central banks worldwide, while automakers faced significant declines following Mercedes-Benz’s (LSE:0NXX) announcement of another cut to its profit...
London Pre-Open: Stocks Set to Fall Amid Retail Sales and Consumer Confidence Concerns
September 20, 2024 05:47 PM AEST| By Team Kalkine MediaLondon stocks were poised to decline at the open on Friday after solid gains the previous day, as market participants assessed a drop in consumer confidence alongside stronger-than-anticipated retail sales figures.,The FTSE 100 was projected to open...
Europe Close: Stocks Soar as Rate-Cut Hopes Ignite Rally
September 20, 2024 04:59 AM AEST| By Team Kalkine MediaOn Thursday, London stocks ended the day on a positive note, driven by the Bank of England’s anticipated decision to maintain interest rates. This move came as part of a broader upward trend across European stock markets, which were buoyed by the Fed...
Philly Fed Manufacturing Index Surprises with Positive Turn
September 20, 2024 04:55 AM AEST| By Team Kalkine MediaManufacturing activity in the Philadelphia region experienced an unexpected boost in September after a sharp contraction in August, though the overall picture for the industry remains mixed.,According to the Federal Reserve Bank of Philadelphia, the...
Axel Springer to Separate Classifieds from Media Assets
September 20, 2024 04:50 AM AEST| By Team Kalkine MediaOn Thursday, Axel Springer, the owner of Politico, announced an agreement with its largest shareholder, KKR, to separate its classifieds business from its media assets. This restructuring will see the company's media operations, which include Bild, B...
Lloyd's of London Names Charles Roxburgh as New Chair
September 20, 2024 04:46 AM AEST| By Team Kalkine MediaLloyd’s of London, a prominent insurance and reinsurance marketplace, has announced the appointment of Sir Charles Roxburgh as its new chair. This decision marks a significant transition for the institution, as Roxburgh will succeed Bruce Carnegie-Br...
Will the Pound Rise as the Bank of England Holds Rates and Hints at Cuts?
September 20, 2024 04:15 AM AEST| By Team Kalkine MediaThe Bank of England's monetary policy committee decided to keep the interest rate unchanged at 5.0% during its September meeting, indicating that any future rate cuts are likely to be gradual.,The financial markets are anticipating two additional rat...
Bank of Georgia (LSE:BGEO) Targets 15% Loan Growth,20% Return on Equity in Medium Term
September 20, 2024 12:50 AM AEST| By Team KalkineHighlights,Bank of Georgia’s H1FY24 saw a 37.6% rise in net interest income and 106.9% profit increase.,The company announced a GEL 73.4 million share buyback and a GEL 3.38 interim dividend.,BGEO’s medium-term goals include 15% loan book growth and...
Gold reaches new high following Federal Reserve rate cut
September 19, 2024 07:01 PM AEST| By Team Kalkine MediaGold prices hit a historic high of $2,600 per ounce after the US Federal Reserve implemented an unexpected half-percentage point interest rate cut. The surge occurred as Fed Chair Jerome Powell began speaking at a press conference following the annou...
US Housing Starts Soar to New Heights in August
September 19, 2024 01:05 AM AEST| By Team Kalkine MediaIn August, US housing starts surged by 9.6% compared to the previous month, reaching an annualized rate of 1.35 million units, according to the Census Bureau. This increase notably exceeded market expectations, which had forecasted a rate of 1.31 mil...
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Eurozone Inflation Drops to 38-Month Low
September 18, 2024 10:12 PM AEST| By Team Kalkine MediaAnnual inflation in the eurozone dropped to 2.2% in August, down from 2.6% in July, aligning with market expectations. This marks the lowest inflation rate in the region since July 2021, creating potential momentum for further monetary easing by the...
Watchdog Says Stronger Access-to-Cash Rules Are Benefiting Local Communities
September 18, 2024 10:12 PM AEST| By Team Kalkine MediaNew regulations introduced by the Financial Conduct Authority (FCA) to safeguard access to cash services across the UK are already making a noticeable difference, according to the regulatory body. These rules, initially announced in July and now comi...
How Have Listing Regime Changes Affected FTSE GEIS Eligibility?
September 17, 2024 07:21 PM AEST| By Team Kalkine MediaFTSE Russell’s recent updates to its Global Equity Index Series (GEIS) reflect significant changes to the UK listing regime, which has introduced new categories of eligible securities for potential inclusion in the indices. These adjustments have str...
Can a Company Transfer from International Secondary Listing to Equity Shares (Commercial Companies) and Be Eligible for the FTSE UK Index Series?
September 17, 2024 07:19 PM AEST| By Team Kalkine MediaThe FTSE UK Index Series, a comprehensive benchmark for companies listed on the London Stock Exchange (LSE), includes provisions for secondary listings to be eligible for inclusion. This flexibility underscores the global nature of the index and the...
When Are Companies in the Equity Shares (Commercial Companies) Category Eligible for FTSE UK Index Inclusion?
September 17, 2024 07:18 PM AEST| By Team Kalkine MediaThe FTSE UK Index Series, known for its role in capturing the performance of key capital and industry segments in the United Kingdom, adheres to rigorous listing and inclusion criteria. Companies that seek to list on the Equity Shares (Commercial Com...
How will the index composition of the FTSE Global Equity Index Series be impacted by the changes?
September 17, 2024 07:16 PM AEST| By Team Kalkine MediaAs FTSE Russell transitions to its updated listing regime, the mapping of securities from the legacy Premium and Standard segments to the new categories—Equity Shares (Commercial Companies), Equity Shares (Transition), Equity Shares (International Co...
Have There Been Other Changes to FTSE UK Index Series Criteria with the New Listing Regime?
September 17, 2024 07:05 PM AEST| By Team Kalkine MediaFTSE Russell has recently implemented updates to its rules in response to changes in the UK listing regime. These modifications aim to align the FTSE UK Index Series with the evolving regulatory landscape while ensuring the continued inclusion of com...
Is the UK Monitored List impacted by the change?
September 17, 2024 07:02 PM AEST| By Team Kalkine MediaThe UK Monitored List plays a critical role in the governance and organization of the FTSE UK Index Series by identifying securities that are ineligible for inclusion due to various factors. This list tracks market segments where companies fail to me...
