Rates
Marco Polo Marine posts 159.4% rise in H1 profit to S$11 million on higher charter rates
MARCO Polo Marine : 5LY 0% on Monday (May 13) posted a 159.4 per cent rise in net profit for the first half of FY2024 to S$11 million from...
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Oil prices fell by nearly US$1 a barrel on Friday (May 10) as comments from US central bank officials indicated higher-for-longer interest rates, which could hinder demand from the...
Bank of Japan must avoid raising rates to combat weak yen, says ex-central banker Watanabe
THE Bank of Japan must avoid raising interest rates to combat a weak yen, as higher borrowing costs would hit consumption and services inflation, Tsutomu Watanabe, a former central...
Sterling slips as BOE holds rates; hawkish BOJ policymakers pause yen slide
The pound slipped on Thursday (May 9) after the Bank of England (BOE) held its benchmark interest rates at 5.25 per cent, while hawkish opinions from Bank of Japan...
Asia: Markets mixed as traders weigh rates outlook
ASIAN markets fluctuated on Wednesday as the latest rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.While Europe...
Fed’s Kashkari says rates likely on hold for ‘extended period’
FEDERAL Reserve Bank of Minneapolis president Neel Kashkari said it’s likely the central bank will keep interest rates where they are “for an extended period of time” until officials...
Australia’s central bank sees no need to hike rates but wary of price risks
AUSTRALIA’S central bank chief said on Tuesday (May 7) interest rates were at the right level after holding steady for a sixth month, but cautioned that inflation risks were...
Danske’s net income rises 9% helped by higher interest rates
Danske Bank posted a 9 per cent advance in first-quarter net income, roughly in line with analyst expectations, as higher interest rates improved profitability at Denmark’s largest lender.Profit by...
