Australian broker Openmarkets fined $3 million for ‘market integrity’ violations
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker…
Economy
RBA to raise cash rate to 4.35% in August, economists split on peak: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will likely deliver a 25 basis point interest rate increase on…
Dollar to stay firm on expectations of resilient US economy: Reuters poll
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies…
‘Almost all’ Fed officials agreed to skip June hike -minutes
By Howard Schneider WASHINGTON (Reuters) -A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting…
Stellantis wins bigger subsidies for Canada battery plant
By Steve Scherer and Costas Pitas (Reuters) -Stellantis-LG Energy Solution (LGES) will resume construction of an electric-vehicle battery plant in…
UK regulator orders investment funds to manage liquidity better
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to…
Britain’s banks seek government roadmap to tokenise stocks and bonds
By Huw Jones LONDON (Reuters) – Britain’s role as a leading financial centre is at stake unless it comes up…
‘Top dog in Asia’: Nikkei’s stellar rise starts drawing big money
By Kevin Buckland and Ankur Banerjee TOKYO (Reuters) -A tailwind behind Japanese stocks is strengthening as large foreign funds who…
Wall Street posts modest loss after Fed minutes
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with modest declines…
SVB Financial gets court approval to sell investment bank
(Reuters) – A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell…