Tag: cent
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Stocks rise as oil falls, bonds steady ahead of Fed decision
Sept 16 : Global stocks advanced on Wednesday as recent rises in government bond yields and oil prices stalled ahead of a key U.S. Federal Reserve interest-rate decision later in the day.MSCI’s global equities index gained 0.2 per cent after falling in the previous two sessions. An index of Asia-Pacific shar
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South Korea’s SK Hynix union approves tentative wage deal with management
SEOUL, Sept 16 : SK Hynix’s South Korean union has approved a tentative wage agreement with management, the chipmaker said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal.The agreement is expected to formally conclude this year’s wage and collective bargaining negotia
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South Korea’s SK Hynix union approves tentative wage deal with management, source says
SEOUL, Sept 16 : Chipmaker SK Hynix’s South Korean union has approved a tentative wage agreement with management, a source familiar with the matter said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal.The revised agreement won the backing of 57.1 per cent of voting u
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BOJ set to raise interest rates to 31-year high as inflation risks loom
TOKYO, Sept 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Friday and signal readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs.The move would be the first hike in three months and t
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UK’s Trustpilot shares slump as unchanged outlook disappoints investors
Sept 15 : British online reviews platform Trustpilot’s shares plummeted as much as 20 per cent on Tuesday after the company left its earnings outlook unchanged, disappointing investors, despite strong AI-led revenues.Here are details from the company’s earnings report:• The company maintained its ful
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Tech boom powers China’s factories but economic imbalances deepen as consumption slows
BEIJING: China’s industrial sector showed renewed strength in August as the AI-driven tech boom fuelled factory output, though sluggish consumption and a worsening investment slump reinforced concerns over deepening economic imbalances.Tuesday’s (Sep 15) data highlighted a familiar fault line in the world’s s
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Analysis:Yen rally faces moment of truth as BOJ risks disappointing markets
TOKYO, Sept 15 : The fate of the sharpest yen rally in 18 months rests on the Bank of Japan breaking free of its cautious rate-hiking path, though it risks a sharp reversal if the currency again succumbs to the forces that dragged it to 40-year lows in July.A sudden, more hawkish tone to central…
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Japan to sidestep funding in tax cut outline, keep fiscal concerns alive
TOKYO, Sept 15 : Japan’s government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concerns over the nation’s already strained finances.The cabinet approval of the tax cut outline would
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Exclusive-Vietnam considering first sovereign dollar bond sale since 2014, sources say
HANOI, Sept 15 : Vietnam’s finance ministry is considering its first sovereign dollar bond sale in more than a decade and is in talks with investment banks about possible terms, four people familiar with the discussions said. Vietnam, which is pursuing annual economic growth of at least 10 per cent through 2
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Japan to sidestep funding in tax cut outline, keep fiscal concern alive
TOKYO, Sept 15 : Japan’s government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concern over the nation’s already strained finances.The cabinet approval of the tax cut outline, expec
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