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Dollar holds steady after US inflation, Fed rate cut still in sight
THE US dollar index held steady on Wednesday (Mar 13) as traders shrugged off hotter-than-expected US inflation and still expected a Federal Reserve interest rate cut in June. The...
Shell to cut about 20% of jobs in deals team amid push for cost savings
SHELL will eliminate at least 20 per cent of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs,...
ECB more likely to cut rates in June than April, Villeroy says
THE European Central Bank (ECB) will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France (BOF) governor Francois Villeroy...
Brokers’ take: Analysts cut DFI Retail Group target on lower earnings forecast
ANALYSTS have shaved their price targets for DFI Retail Group upon trimming their earnings estimates. This came after the group’s core underlying earnings of US$155 million reported last Thursday...
Gold marches higher as US jobs data boosts bets of early rate cut
GOLD prices surged to another record high on Friday (Mar 8) as data showing a rise in the US unemployment rate boosted expectations that the US Federal Reserve could...
Dollar ends week under pressure as data keeps rate cut hopes alive
THE dollar traded modestly weaker against most major peers on Friday (Mar 8), and was on pace for its worst weekly showing against the euro this year after mixed...
US dollar slips as data keeps rate cut hopes intact
THE greenback slipped against the euro on Friday (Mar 8) after data showed US job growth accelerated in February, but a rise in the unemployment rate and moderation in...
US: S&P 500, Nasdaq hit record highs as jobs data strengthens rate cut bets
THE S&P 500 and the Nasdaq hit new intra-day record highs on Friday (Mar 8) after data showing a rise in the unemployment rate and moderation in wage gains...
