Cut
Boeing would be biggest-ever US ‘fallen angel’ if cut to junk
IF CUT to junk status, Boeing will be the biggest US corporate borrower to ever be stripped of its investment-grade ratings and join junk bond indexes, flooding the high-yield...
Powell’s half-point cut is hard to repeat with FOMC in no hurry
US FEDERAL Reserve chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labour market holds up.Powell described the move...
Powell’s half-point cut is hard to repeat with FOMC in no hurry
US FEDERAL Reserve chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labour market holds up.Powell described the move...
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US dollar nudged up against most...
OCBC to stop Russia-linked transactions to cut risk
OVERSea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.
Singapore’s second-largest lender has told customers,...
Gold subdued as US jobs data firms bets for smaller rate cut
GOLD prices eased on Monday (Oct 7) as bets firmed for a smaller US rate cut after a surprisingly strong jobs report, while market participants awaited inflation data and...
ECB will ‘quite probably’ cut rates this month, Villeroy says
THE European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.Inflation fell below...
Asia currencies set for worst week in year as Fed cut bets pared
ASIAN currencies are set for their worst week in more than a year as traders pare bets on aggressive US Federal Reserve interest-rate cuts.A Bloomberg gauge of Asian currencies...
