(Bloomberg) — Asian stocks fell the most in about two weeks after Federal Reserve officials pushed back against bets of aggressive interest rate cuts next year. Most Read from Bloomberg The MSCI Asia Pacific Index lost as much as 1.1%, the biggest drop since Dec. 5, led by a near 1% drop in Hong Kong. […]
Investors are eagerly attempting to predict when the Fed could start cutting interest rates.Lucas Jackson/Reuters The Fed’s nod towards interest rate cuts sparked a sea change on Wall Street last week. The question about rate cuts from the Fed changed to a matter of when in 2024, not if. Wall Street forecasters are starting to […]
BEIJING (Reuters) -Nissan Motor said on Sunday it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country’s top university to leverage local resources to accelerate research and development on electrification. The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric and […]
(Bloomberg) — As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge. Most Read from Bloomberg For participants in the overnight funding markets — a key conduit for bank borrowing and linchpin for determining interest rates — Wednesday’s […]
The betting firm Flutter has said it is working towards 29 January as the date for its listing on the New York stock exchange, but it will keep its premium listing in London. The company, formerly known as Paddy Power Betfair, is proceeding with a secondary listing in the US but it may “pursue a […]
Wall Street was quiet before the bell on Wednesday ahead of more jobs data that markets hope will show a labor market cooling enough to convince the Federal Reserve stop hiking interest rates. Futures for the S&P 500 inched up 0.2% before markets opened, while futures for the Dow Jones Industrial Average gained 0.1%. With […]