The dollar hit a 10-month high on Wednesday, pushing the euro to an almost nine-month low and keeping the yen in intervention territory, as investors bet that the United States economy will fair better with higher interest rates than competitors. U.S. Treasuries stabilized after their recent heavy selloff, though yields remained near 16-year peaks, keeping […]
Salt Asset Management (SAM) is no longer permitted to render any financial services to any financial customers and on behalf of any financial product provider after the Financial Sector Conduct Authority (FSCA) withdrew its operating licence. The watchdog confirmed in a statement on Friday that its withdrawal of SAM’s licence – in terms of section […]
After the first weekly loss in four, oil bulls will be raring to push crude oil towards the higher $90s, while top buyer China again faces its recurring bogeyman — an ailing property sector — that’s weighing on its stock market. Over in the United States, the spotlight will be on speeches by several Federal […]
The South African Reserve Bank (SARB) held its key interest rate steady on Thursday, but policymakers cited continued risks to the inflation outlook. The central bank kept its main lending rate unchanged at 8.25%, the second meeting in a row that the bank has left its repo rate on hold. Nearly all analysts polled by […]
Emerging market stocks recovered from a four-day losing streak at the end of a week packed with major central bank decisions, while the Indian rupee firmed after JPMorgan’s plans to include the country’s local bonds in its debt index. MSCI’s index for emerging market equities .MSCIEF rose 0.8% by 0853 GMT on Friday, bouncing off […]
When COVID-19 presented a global health emergency more than three years ago, it also exposed weaknesses in health financing that led to delays and inequities in distributing essential vaccines, tests, and treatments for low- and middle-income countries. This week, DFC and leading development finance institutions announced a sweeping collaboration to address those challenges and ensure […]
The dollar moved slightly lower on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while sterling slid on increased bets the Bank of England (BoE) will pause its historic run of interest rate hikes. The U.S. dollar index, which measures the currency against a basket of rivals, inched […]
Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 297 points, or 0.9%. The S&P 500 slid 0.7%, while the Nasdaq Composite dropped 0.8%. Deere, often seen as a barometer of future economic activity, fell more than 2% in the session. […]
Goldman Sachs has lowered its estimate of the peak U.K. interest rate, even as it forecasts a quarter-point increase by the Bank of England on Thursday. Economists James Moberly and Sven Jari Stehn say the U.K. central bank will take rates to 5.5%, from 5.25%, but no longer see one additional rate hike in November. […]
World shares fell while the dollar firmed on Monday as growth concerns tested investors’ mettle ahead of a week brimming with central bank meetings in countries including Norway, Sweden, Switzerland, Britain, the United States and Japan. The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France’s third-biggest […]