Forex News
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HSBC Holdings Plc unexpectedly announced Tuesday that Chief Executive Noel Quinn is resigning after five years, citing the need for a 'better work-life balance.' The Asia-focused bank plans to complete the succession process in the second half of the year. Reuters said the top candidate for the position (at the moment) is Chief Financial Officer Georges ...
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Arcade giant Dave & Buster’s is taking its games to a new level by offering social wagering on its app. Customers can soon make a friendly $5 wager on a Hot Shots basketball game, a bet on a Skee-Ball competition or on another arcade game. The betting function, expected to launch in the next few months, will work through the company’s app. Dave & Buster’s, ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Markets are anticipating a near-zero chance that the Federal Open Market Committee, the central bank’s policy-setting arm, will announce any change ...
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Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its ...
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The two-day FOMC monetary policy meeting concludes on Wednesday, May 1 at 2:00 ET. FOMC Chairman Powell’s press conference starts at 2:30 ET. FOMC Meeting Expectations Economists overwhelmingly expect the Federal Reserve to leave interest rates unchanged in the 5.25-5.50% range, with every single one of the 100 economists surveyed by Reuters expecting the ...
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Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when ...
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Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer confidence hit its lowest level ...
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Headline inflation was unchanged at 2.4% y/y, while core inflation declined slightly less than expected. That should be enough for the ECB to keep its guidance of a June rate cut. ...
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Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024, the U.S. Bureau of Labor Statistics reported ...
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Key facts: In the March 2024 quarter, compared with the December 2023 quarter, the: • unemployment rate was 4.3 percent, compared with 4.0 percent • underutilisation rate rose to ...
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The Financial Stability Report outlines our assessment of the state of, and risks to, financial stability. The Report is one of our key publications, and aims to raise public awareness of developments in the financial system. It is published pursuant to section 170 of the Reserve Bank of New Zealand Act 2021, which states that the Report must: • report on matters relating to the stability of New Zealand’s financial system, and other matters associated with the Reserve Bank’s prudential objective; and • contain the information that is necessary or desirable to allow an assessment to be made of the effectiveness of the Bank’s use of its powers to protect and promote the stability of New Zealand’s financial system, and achieve the prudential objective. Our prudential objective is to protect and promote the stability of New Zealand’s financial system. Financial stability means having a resilient financial system that can withstand severe but plausible shocks and provide the financial services that we all rely on. This ensures everyone in post: NEW ZEALAND'S FINANCIAL SYSTEM REMAINS STRONG: RESERVE BANK OF NZ FSR post: NZ RESERVE BANK FSR: NOMINAL INCOME INCREASE AIDING HOUSEHOLDS IN TRANSITIONING TO HIGHER INTEREST RATES post: RESERVE BANK OF NZ FSR: SOME STRUGGLING, CUTTING SPENDING OR EXTENDING REPAYMENT TIMELINES post: RISK OF LONG-TERM RESTRICTIVE GLOBAL INTEREST RATES DUE TO PERSISTENT INFLATION PRESSURES: RESERVE BANK OF NEW ZEALAND FSR
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New Zealand’s unemployment rate jumped more than expected in the March quarter despite a sizeable decline in the number of Kiwis participating in the labour market, putting the Reserve Bank of New Zealand closer to cutting interest rates before the US Federal Reserve. NZD/USD fell sharply while AUD/NZD rose to new cycle highs following the data. Kiwi labour ...
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The two-day FOMC monetary policy meeting concludes on Wednesday, May 1 at 2:00 ET. FOMC Chairman Powell’s press conference starts at 2:30 ET. FOMC Meeting Expectations Economists overwhelmingly expect the Federal Reserve to leave interest rates unchanged in the 5.25-5.50% range, with every single one of the 100 economists surveyed by Reuters expecting the ...
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Offshore CFDs broker Markets4you has announced that it is partnering with South African cricket icon AB de Villiers as its new Brand Ambassador. The parties said that this partnership unites two champions in their respective fields, showcasing a mutual commitment to excellence, passion, and dedication. Markets4you, which recently rebranded from Forex4you, ...