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Showing 51 - 60 of 2965 results for "Overnight"

ECB raises rates to record high of 4%

CASSANDRA BALDINI  |  FRIDAY, 15 SEP 2023
Overnight, the European Central Bank (ECB) raised interest rates by a further 25 basis points to a historical peak of 4%, saying inflation is simply still too high. The governing council remains determined in its efforts to drag inflation back down ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome Powell ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... present, and therefore misdiagnoses the correct policy response." Chesler concluded that consumers shouldn't expect an overnight retreat in the cost of goods and services. "Today's stubbornly high CPI data is a testament to the difficulties in ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... also worried about the impact on retail clients who have an investment timeframe of around one to three years. "Where overnight financing fees charged for such periods may be significant in aggregate and affect the potential to profit from a CFD position ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
... Aird further signaled it's unlikely that the budget will include measures that "raise the dial" in the short term. Overnight the European Central Bank also increased its rates by 25 bps to 3.75% in an attempt to halt inflation. In our own backyard ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with immediate effect. He has been replaced by Katarina Thorslund, the fund's deputy ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... 300,000 users. Javice, who had been brought on as head of student solutions, was terminated by JPMorgan in November 2022. Overnight, the Securities and Exchange Commission charged Javice with fraud, specifically violating the antifraud provisions of ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... slow the economy. "Enough to get inflation to fall to its 2-3% target but without delivering a recession," he said. Overnight, the Bank of England opted to raise interest rates, hiking them a further 25 basis points to 4.25%.

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
The ASX rebounded slightly this morning following the overnight bailouts of First Republic Bank and Credit Suisse, but has since remained unsteady. This mornings slight jump - 0.3% - was pretty modest, CommSec senior economist Ryan Felsman told Financial ...