Posts by Stephanie Irvin
With Powell’s Fed ready to cut rates, a new era of cheap credit beckons
THE US stock market has been stamping its proverbial feet for more than a year now as it demands an interest rate cut from the central bank.
Read MoreFed on the edge: Will interest rates take a dive or hold steady?
The market recently absorbed the latest employment report, intensifying expectations of a potential 50 basis point rate cut at the upcoming Federal Open Market Committee (FOMC) meeting on Sep 18. The recent decline in stock prices reflects concerns that the economy may be slowing too rapidly, raising questions about whether the Federal Reserve (Fed) is…
Read MoreGreenback drops to near 9-month low versus yen amid talk of larger Fed rate cut
THE US dollar fell on Friday (Sep 13) to its lowest level in nearly nine months against the Japanese yen after media reports once again fuelled speculation the Federal Reserve could deliver a super-sized 50-basis-point (bp) interest rate cut at its coming policy meeting. Analysts said reports by the Wall Street Journal and Financial Times…
Read MoreFunds pour into South-east Asia as rate-cut cycle gets underway
Global funds are snapping up South-east Asian assets as the prospect of interest-rate cuts and attractive valuations holds out the promise of supersized returns. Money managers have boosted positions in sovereign bonds in Thailand, Indonesia and Malaysia for the past two months, and have been net buyers of Indonesia, Malaysia and Philippine equities for three…
Read MoreIntel solidifies US$3.5 billion deal to make chips for military
Intel has officially qualified for as much as US$3.5 billion in federal grants to make semiconductors for the Pentagon, according to people familiar with the matter, after the chipmaker reached a binding agreement with US officials. The secretive programme, called Secure Enclave, seeks to establish production for advanced chips with military and intelligence applications. It…
Read MoreSingapore ride-hailing firm Ryde’s shares plunge over 80% on New York Stock Exchange
Singapore ride-hailing and carpooling company Ryde saw its share price plunge by more than 80 per cent in the past week, a development that market analysts described as concerning, though they added that it can happen to some small technology firms listed in the US. Ryde, which is listed on the New York Stock Exchange…
Read MoreEurope: Stocks wrap up week on a high note; focus shifts to Fed
European stocks rounded off the week on a positive note, supported by technology, real estate and mining shares, while investors shifted their focus to the US Federal Reserve ahead of a long-awaited monetary easing at its meeting next week. The pan-European Stoxx 600 index was up 0.7 per cent at 515.75 points on the day,…
Read MoreUber to launch driverless rides with Waymo in Austin and Atlanta
Uber will exclusively manage and dispatch a new fleet of Waymo’s all-electric Jaguar I-PACE vehicles Uber Technologies will be the sole supplier of driverless rides on Alphabet’s Waymo cars in Austin and Atlanta, a boost to the rideshare app’s ambitions in the autonomous vehicle arena. Beginning early next year, Uber will exclusively manage and dispatch…
Read MoreDollar hits nine-month low versus yen as Fed debate reignites
The dollar fell on Friday (Sep 13) to its lowest level this year against the Japanese yen after media reports reignited the debate about an outsized Federal Reserve rate cut next week. The US currency fell 1 per cent to 140.36 yen, the lowest since late December, and last traded 0.7 per cent lower at…
Read MoreRegulate liquidity, not just capital, to better stabilise financial systems
REGULATORS should improve liquidity management at banks to create a more stable financial system, as capital requirements may not be enough to do the job. “(When) you raise the capital requirements on banks, you make banks less competitive and push activity out into the non-bank financial sector, where regulators don’t have a lot of visibility,”…
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