(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full to their home loan customers. The move comes as the lenders continue to move in lockstep with the Reserve Bank of Australia (RBA), which raised its official cash rate by…
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weaker countries when they’re down, while diverging global growth paths and China’s reopening might cushion some of the blow for the bigger…
A look at the day ahead in European and global markets from Tom Westbrook Factory-gate prices stopped falling in China last month, but did not rise and in annual terms remain negative – a welcome piece of news on Thursday for Western central bankers who are starting to run into difficulty in heading off sticky…
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s lower house of parliament on Thursday approved the government’s nominees for next central bank governor and deputy governors, signing off on a new leadership that will be tasked with steering a smooth exit from ultra-loose monetary policy. The upper house will vote on the nominations…
NEW YORK (Reuters) – Alpha Sigma Capital, a U.S.-based digital asset fund, and Transform Ventures, a venture capital firm, will raise $100 million for two new funds focused on the blockchain and so-called decentralized Web 3.0 ventures, Alpha Sigma founder and Chief Executive Officer Enzo Villani said on Wednesday. Transform Ventures, founded by crypto investor…
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has sued Jes Staley, its former private banking head and later Barclays Plc’s chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault. The largest U.S. bank filed two complaints on Wednesday…
By Stella Qiu SYDNEY (Reuters) – Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell’s hawkish guidance on further interest rate increases. In his second day on Capitol Hill, Powell stuck to his message of…
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union, two sources familiar with the plans said on Wednesday. The leaders are set to meet in Washington…
By David Morgan WASHINGTON (Reuters) – U.S. House Republicans and Democrats showed no sign of surrendering their partisan positions after a briefing on the nation’s $31 trillion debt on Wednesday, the day before President Joe Biden is due to unveil his 2024 spending plan. Biden said his proposal will cut the nation’s deficit by nearly…
By Carolina Mandl NEW YORK (Reuters) – Hedge funds are increasingly using more leverage to make wagers on the stock market this year, but they remain less inclined to bet on the market direction due to heightened macroeconomic uncertainties. Investors are focused on the economic picture as they try and assess the risk of upcoming…
