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RBA will cut rates deeper than markets expect
MONETARY policy in Australia is gaining more traction than in the US even though the Reserve Bank raised interest rates by less than the Federal Reserve, suggesting the easing...
Unrealistic to fully cut financing to coal companies: Singapore banks
CUTTING all financing for coal companies is unrealistic, said Singapore’s local banks, adding that funding is necessary to ensure the energy transition process is orderly and just.South-east Asian economies...
US dollar steady after producer prices push back on Fed rate cut outlook
THE US dollar retreated on Friday (Feb 16) amid concerns about the strength of the US economy after higher-than-expected producer prices raised expectations that the Federal Reserve will desist...
Macquarie plans to cut stake in UK gas network operator
MACQUARIE Group has joined US-based Federated Hermes to look to collectively sell stakes in UK’s gas network operator Cadent worth £1.3 billion (S$2.2 billion), the Financial Times reported on...
First Bank of England interest-rate cut is months away despite recession: Pill
A FIRST interest-rate cut by the Bank of England is still “several more months” away as inflation may prove persistent even though the economy has fallen into recession, chief...
US: Stocks down as inflation data dims hope of early rate cut
WALL Street stocks retreated on Friday after a bigger than expected increase in wholesale prices poured cold water on hopes that the Federal Reserve would cut interest rates soon. The Dow...
Nike to cut 2% of workforce as sportswear giant seeks savings
NIKE will slash its global workforce by about 2 per cent as the sportswear giant pushes on with efforts to reduce costs to counter a weaker sales outlook and...
China set to bide time on rate cut until yuan, data stabilise
CHINA’S central bank is poised to keep cash conditions and monetary policy broadly stable as policymakers focus on a weakening currency. The People’s Bank of China (PBOC) will leave...
