THE dollar hovered near one-month highs on Tuesday (Feb 7) ahead of a speech by Federal Reserve Chair Jerome Powell that will be scoured by investors for any signals on how high US interest rates may go this year.
THE US dollar hovered near one-month highs on Tuesday (Feb 7), ahead of a speech by Federal Reserve chairman Jerome Powell that will be scoured by investors for any signals on how high US interest rates may go this year.
MORGAN Stanley has promoted two senior investment bankers in Singapore to beef up its franchise in South-east Asia, according to a memo seen by Bloomberg News.
UK-FOCUSED equity funds registered £868 million (S$1.4 billion) of outflows in January, in sharp contrast to global funds, which attracted investments as markets rebounded, said funds network Calastone on Tuesday (Feb 7).
UK-FOCUSED equity funds registered £868 million (S$1.4 billion) of outflows in January, in sharp contrast to global funds, which attracted investments as markets rebounded, said funds network Calastone on Tuesday (Feb 7).
BNP Paribas plans to buy back five billion euros (S$7.1 billion) of shares after the sale of its US unit. It has also raised its profitability targets, as traders posted a quarter that beat many Wall Street peers.
AUSTRALIA’S central bank on Tuesday hiked interest rates to a 10-year high as it tries to rein in surging inflation while also trying not to trigger a recession.
INDIA’S central bank is poised to deliver its final interest-rate increase in the current tightening cycle, amid signs of cooling inflation and weakening growth.
CASH flows into US sustainable funds plummeted last year as the broader market took a beating and anti-ESG crusaders targeted money managers including BlackRock for “woke capitalism”.
BINANCE, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon.
