Powell stated that policymakers won’t hesitate to tighten if necessary, only eight days after his speech had raised speculation that the Federal Reserve was done with rate rises. Even though it’s exactly what a number of Fed speakers have been hinting at, investors were drawn to that particular section, particularly following a surge in bonds … Read more
The terms and conditions outlined in the Offer to Purchase, dated November 9, 2023 (the “Offer to Purchase”), govern the Tender Offer and it is being made on those terms. Unless Studio City Finance extends or terminates the Tender Offer, it will expire on December 8, 2023, at 5:00 p.m. New York City time (the … Read more
As she kicked off two days of discussions with her Chinese counterpart on Thursday, Treasury Secretary Janet Yellen stated that the United States has no intention of severing economic relations with China. The heads of finance are trying to move forward on a number of economic issues at a time when their nations’ competition has … Read more
Opening two days of talks with Chinese Vice Premier He Lifeng on Thursday, U.S. Treasury Secretary Janet Yellen hopes to minimise the economic damage from a strained relationship by maintaining open lines of communication on issues ranging from climate change to national security. U.S. Treasury officials have made an effort to temper expectations for any … Read more
Wednesday’s trading session saw a little increase in the US dollar while the Japanese yen continued to weaken. I believe that we will attempt to test the highs once again at this point, and any sporadic little decline should present a favourable chance to purchase in a market where the interest rate differential is still … Read more
As investors analysed recent remarks made by Federal Reserve officials for clues about the future direction of interest rates and concentrated on the movement of Treasury yields, U.S. equities saw minimal movement on Wednesday. The yield on US Treasury bonds has dropped significantly from its recent highs. Encouraged by a weaker-than-expected employment data, the benchmark … Read more
The fund was introduced in front of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai. Its purpose is to support the growth of SMEs in various emerging sectors and finance technology startups, in line with the goals of the Dubai Economic Agenda, D33. Under the auspices of HH … Read more
Expanding America’s efforts to fund infrastructure in strategically important portions of Asia, a U.S. foreign aid agency announced on Wednesday that it will grant $553 million to create a deepwater shipping-container terminal at the Port of Colombo in Sri Lanka. The financing package is connected to Adani Ports, a company that Prime Minister Narendra Modi … Read more
The Australian dollar fell after that nation’s central bank raised interest rates but suggested the hike was the last of the current tightening cycle, while the euro was hurt by weak German data and the U.S. dollar strengthened on Tuesday as a sharp selloff last week was perceived as short-term overdone. Last week, the US … Read more
In a filing on Tuesday, the Consumer Finance Protection Bureau (CFPB) suggested that huge digital companies be subject to the same laws as banks. If PayPal and Apple provide bank-like financial services like credit cards, savings accounts, and payments, the CFPB wants to regulate them in the same way that it regulates banks. The organisation … Read more
