A look at the day ahead in U.S. and global markets from Mike Dolan Another weekend of financial firefighting has doused the whole interest rate horizon as the banking blaze smoulders. Central banks face a battle to separate serial financial rescues from underlying monetary policy. But world markets now bet their interest rate rise campaigns ...

BoE to vote on rates amid anxiety over banks Bank Rate has gone up 10 times in a row BoE previously signalled a pause was close LONDON, March 17 (Reuters) – The Bank of England must decide next week whether to halt its long run of interest rate hikes or push them up again, probably ...

RIYADH, March 15 (Reuters) – Saudi Arabia’s finance minister, Mohammed al-Jadaan, said on Wednesday that Saudi investments into Iran could happen “very quickly” following an agreement. “There are a lot of opportunities for Saudi investments in Iran. We don’t see impediments as long as the terms of any agreement would be respected,” al-Jadaan said during ...

WELLINGTON, March 14 (Reuters) – When cruises started taking bookings at the end of the COVID-19 pandemic, Australians Eunice and John Rowley quickly made plans for their first ever visit to New Zealand. “We heard on the 9 o’clock news bulletin that they were opening up cruises and by the afternoon we had two cruises ...

March 7 (Reuters) – Most emerging Asia ex-China equity markets witnessed foreign outflows in February as strong U.S. economic data stirred worries that the Federal Reserve would keep interest rates higher for longer than anticipated. Foreigners sold equities worth a net $2.1 billion in Thai, Indian, the Philippine and Vietnam markets, data from stock exchanges ...

LONDON, March 6 (Reuters) – Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. Hopes for interest rate cuts by year-end have evaporated, given resilient data and sticky inflation, suggesting central banks will instead be inclined to keep borrowing costs around their highest ...

The latest official statistics confirm Australia’s economy is back among the global leaders. Alan Austin suggests it is time for reform. VIRTUALLY ALL measures of a healthy economy have improved markedly over Labor’s nine months in power. The nation is not yet ranking number one in the world, as it did for most of the ...

RIYADH, March 2 (Reuters) – Saudi Arabia has launched 192 billion riyals ($51.2 billion) of investments led by local companies, including oil giant Aramco (2222.SE), SABIC (2010.SE) and Ma’aden (1211.SE), under a government-backed initiative, state news agency SPA reported. The projects are part of a programme called Shareek, a 5-trillion-riyal investment initiative announced by Saudi ...

SYDNEY, March 1 (Reuters) – Australia’s economy grew at its weakest pace in a year last quarter as strength in trade was offset by rising interest rates and high inflation, and all the signs are a further slowdown lies ahead. Indeed, without the sizeable contribution from trade, the economy would actually have contracted in the ...

Share: AUD/USD has dropped sharply to near 0.6700 as a sheer decline in Australian monthly CPI and subdued GDP has trimmed hawkish RBA bets. Australian monthly CPI has dropped significantly to 7.4% from the expectations of 8.0% and the prior release of 8.4%. The Australian GDP (Q4) has landed at 0.5% vs. the 0.6% ...