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US Federal Reserve’s Powell says balance sheet drawdown taper coming soon
THE Federal Reserve is nearing a decision on slowing the pace of its balance sheet run-off, central bank Chair Jerome Powell said on Wednesday, a tapering move that may allow...
Europe: Luxury stocks pressure equities ahead of Fed verdict
EUROPEAN shares were flat on Wednesday, pressured by a sell-off in luxury stocks and in the absence of big bets by investors ahead of a crucial Federal Reserve meeting later...
US: Indices end at records as Federal Reserve confirms plant for 2024 rate cuts
MAJOR Wall Street indices surged to fresh records on Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared...
Manulife faces 40% decline in US office investments from peak
MANULIFE Financial is facing a divided global office market, with the value of its United States office investments having plummeted by as much as 40 per cent from a...
IBM eyes first record since 2013 as AI optimism fuels 19% rally
ONE of the oldest companies in tech has been quietly trouncing some of the hottest stocks on Wall Street. International Business Machines recently hit its highest since 2013, putting...
Singapore stocks close slightly higher on Wednesday; STI up 0.1%
SINGAPORE shares ended marginally higher on Wednesday (Mar 20), despite an overnight rally on Wall Street that saw the S&P 500 hitting a record high. The Straits Times Index...
Volkswagen, Mobileye to bring new automated driving functions to series production
VOLKSWAGEN will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe’s biggest carmaker said on Wednesday (Mar 20)....
Intel wins almost US$20 billion in chips incentives for US plants
THE US will award Intel US$8.5 billion in grants and as much as US$11 billion in loans to help fund an expansion of its semiconductor factories, the Commerce Department...
