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Thailand Central Bank Lifts Rate For Fifth Straight Meeting
Thailand's central bank raised its key interest rate for the fifth straight meeting on Wednesday citing persistently high inflation as a key risk and hinted at more tightening to bring inflation back to the target. The Monetary Policy Committee of the Bank of Thailand unanimously decided to lift the policy rate by 25 basis points to 1.75 percent. This was the highest rate since August 2019.
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703 일 전
Bay Street Headed For Positive Start
Higher crude oil prices, and U.S. and Canadian futures, and firm European markets point to a positive start for the Canadian market on Wednesday.
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703 일 전
Generative AI Could Impact 300 Mln Jobs: Goldman Sachs
Generative artificial intelligence or AI technologies, including the highly popular ChatGPT, could expose around 300 million full-time jobs around the world to automation, a report by Goldman Sachs predicts, deepening the rising fears about job security. According to a new research report by GS economists, "The Potentially Large Effects of Artificial Intelligence on Economic Growth",..
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703 일 전
UK Mortgage Approvals Rise For First Time In 6 Months
UK mortgage approvals increased for the first time in six months in February despite rising interest rates and high inflation weighing on the housing affordability. Mortgage approvals for house purchases increased to 43,500 in February from 39,600 in January, the Bank of England reported Wednesday. This was the first monthly increase since August 2022. This also exceeded economists' forecast of
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703 일 전
Court Rejects Capital Markets Model Case On So-called Diesel Issue Against Porsche SE
The Higher Regional Court of Stuttgart on Tuesday ruled in a capital markets model case on the so-called diesel issue that most of the establishment objectives requested by the plaintiffs against Porsche Automobil Holding SE (Porsche SE), Stuttgart, are to be rejected.
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703 일 전
Sensex, Nifty End Notably Higher; Adani Group Shares Rally
Indian shares ended Wednesday's session notably higher as banking concerns continued to ease and Adani Group stocks rebounded from recent string of losses after a clarification on pledged shares.
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703 일 전
European Shares Climb As Bank Worries Calm Down
European stocks advanced on Wednesday after top U.S. regulators expressed confidence that banks were solvent, blaming the recent collapse of Silicon Valley Bank on mismanagement, rather than systemic risks.
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703 일 전
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FTSE 100 Notably Higher; Next Slumps After Warning Of Difficult Year
U.K. stocks advanced on Wednesday, as banking fears continued to ease and data showed U.K. mortgage approvals rose more than expected in February, despite higher borrowing costs.
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703 일 전
German Consumer Morale To Strengthen In April
Despite the rising recession fears, confidence among German consumers strengthened for the sixth consecutive month on improving income expectations, a closely-watched survey by the market research group GfK revealed Wednesday. The consumer confidence index for April climbed to -29.5 from -30.6 in March, the Nuremberg-based GfK said.
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703 일 전
CAC 40 Gains As Banking Worries Ebb
French stocks opened higher on Wednesday after top U.S. finance officials pledged to use all tools for any size institution, as needed, to keep the financial system safe and sound.
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703 일 전
Australian Dollar Falls As Soft Inflation Fuels RBA Rate Pause Hopes
The Australian dollar depreciated against its most major counterparts on Wednesday, as the nation's consumer inflation slowed more than expected in February, bolstering hopes for a pause in the policy tightening by the Reserve Bank of Australia.
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703 일 전
DAX Climbs As Infineon Raises Outlook
German stocks rose notably on Wednesday after top U.S. regulators tried to assure Congress that the overall financial system is still sound and the collapse of Silicon Valley Bank was a "textbook case of mismanagement".
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703 일 전
UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger
UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG. Following the news, UBS shares were gaining more than 2 percent in Swiss trading as well as in pre-market activity on the NYSE.
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703 일 전
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