728 x 90



  • Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher

    Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher0

    Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about

    READ MORE
  • UniCredit Hikes Payout Goal By 40% After Record Rofit

    UniCredit Hikes Payout Goal By 40% After Record Rofit0

    UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence

    READ MORE
  • Asia FX Muted, Dollar Steadies As Fed Meeting Looms

    Asia FX Muted, Dollar Steadies As Fed Meeting Looms0

    Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace

    READ MORE
  • Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

    Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution0

    Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path

    READ MORE
  • Rising Interest Rates Have a Sting in The Tail For Europe’s Banks

    Rising Interest Rates Have a Sting in The Tail For Europe’s Banks0

    Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening. Two of Europe’s big corporate and mortgage lenders, Sweden’s

    READ MORE
  • Asian Stocks Sink As Fed Week Begins, China Reopens Strong

    Asian Stocks Sink As Fed Week Begins, China Reopens Strong0

    Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they resumed trade after a week-long holiday. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 1.2% and 0.7%, respectively, with markets betting that the

    READ MORE