By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.5% in February, unchanged from January and lower than forecast, official data showed on Thursday, though while analysts said core inflation appeared to have peaked, prices remained at historic highs. February’s core inflation rate – which excludes private road transport and accommodation costs…
(Reuters) – Ryanair Holdings Plc is optimistic on striking a major new aircraft order after the Irish airline restarted talks with Boeing Co, its top boss said in an interview with the Financial Times on Thursday. Chief Executive Officer Michael O’Leary said there was a ‘deal to be done’ with negotiations between the Irish airline…
By Lewis Krauskopf NEW YORK (Reuters) – The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the U.S. stock market. In its first meeting since the collapse of two U.S. banks this month and the downfall of ailing…
By Stephanie Kelly and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures fell 66 cents, or 0.9%, to $76.03 a barrel by…
By Chris Taylor NEW YORK (Reuters) – The feeling of driving a new car off the lot is hard to beat. What comes next is not so nice: the first monthly payment. That bill packs an extra punch these days. New car buyers with a monthly payment over $1,000 rose to an all-time high of…
By Lananh Nguyen and Saeed Azhar (Reuters) -Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on…
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is being bought by rival UBS Group for 3 billion Swiss francs ($3.27 billion) in a deal engineered by Swiss authorities to avoid more market-shaking turmoil…
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is being bought by rival UBS Group for 3 billion Swiss francs ($3.27 billion) in a deal engineered by Swiss authorities to avoid more market-shaking turmoil…
HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group Ltd said on Thursday it may have to halt production of electric vehicles (EVs) if it could not obtain fresh funding, after delivering more than 900 units of its flagship Hengchi 5 model. The EV manufacturing unit of the embattled developer China Evergrande Group said it…
By Tatiana Bautzer and Chris Prentice NEW YORK (Reuters) – A “bull case” scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all bank deposits without approval from the U.S. Congress. First…
