THE baht is set to extend its rally as the Chinese reopening buoys the outlook for tourist arrivals, helping propel Thailand’s growth this year to the highest in five years, according to the nation’s Finance Ministry.
THE Bank of Japan (BOJ) said on Friday (Jan 27) it will extend five-year loans against collateral to financial institutions, the second time it has made such an offer after ramping up the funds-supply operation this month to defend its yield control policy.
BACK-to-back interest-rate increases of 50 basis points are approaching from the European Central Bank (ECB), whose battle with persistent inflation will see it hike borrowing costs until May, according to a survey of economists.
A 50 per cent rally has made shares of HSBC Holdings the most overbought in more than three decades, as investors piled back into the retail favourite given a brighter outlook from China’s reopening.
WELLS Fargo & Co chief executive officer Charles Scharf’s total compensation for 2022 was unchanged at US$24.5 million, the Wall Street bank said in a regulatory filing on Thursday.
VISA and Mastercard saw purchase volumes on their cards climb less than expected in the final three months of the year, a sign that historic levels of inflation have begun to put a damper on consumer spending.
THE US dollar edged up on Thursday (Jan 26) after sinking to an eight-month low against peers ahead of US economic data, with investors expecting a recession to encourage the Federal Reserve to slow down its monetary-tightening push.
