The Bank for International Settlements said the global central banks are close to victory in the fight against inflation. BIS Head of Monetary and Economic Department Claudio Borio said the decisive action taken by central banks prevented inflation from becoming entrenched. BIS, which is the bank for central banks, expressed cautious optimism over inflation outlook....
In a recent transaction, James H. Dahl, a major shareholder of AMREP Corp. (NYSE:AXR), has purchased additional shares of the company, signaling a strong vote of confidence in the real estate and land development firm\'s prospects. According to the latest filings, Dahl acquired a total of 6,300 shares. The purchases were made in multiple transactions...
JAKARTA. PT Bank KB Bukopin Tbk (BBKP) is planning the issuance of Senior Unsecured Notes (global bond) of a maximum USD 300 million. Robby Mondong, Vice President Director of BBKP, said that this corporate action will demonstrate the companys capability in enhancing its own funding structure. It also serves as the initial step taken by...
Slightly lower Canadian and U.S. futures indicate a subdued start for the Canadian market Friday morning, but investors are likely to make their moves, reacting to U.S. PCE score and Canadian GDP data that due before the opening bell. Data on U.S. personal consumption expenditure, the preferred index used by Fed officials to track inflation,...
2024 began with over 9,000 cryptocurrencies created and still available globally, according to Statista. This is 13% fewer projects ‘alive’ compared to the all-time high reached in February 2022. That said, between February 2023 and January 2024, there was a 4% increase in the number of available projects. The road to the current volume was...
The Canadian market ended on a slightly positive note on Monday, led by gains in materials sector as metal prices surged higher amid optimism about interest rate cuts by some major central banks. With the U.S. market closed for Memorial Day holiday, and some crucial economic data due later in the week, the mood remained...
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) - Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing\'s efforts to revive domestic markets and stabilise the yuan. The rush to invest offshore reflects low confidence at home and is evident in...
German stocks slipped into the red on Monday as a survey showed the downturn in the countrys manufacturing sector, which accounts for about a fifth of Europes biggest economy, accelerated in August. The HCOB final Purchasing Managers Index (PMI) dropped to 42.4 from 43.2 in July due to a steeper drop in incoming orders. Also,...
The commodity currencies weakened against other major currencies in the Asian session on Friday, as most Asian stock markets traded lower, despite the broadly positive cues from global markets overnight, as some markets retreated from recent highs with traders eager to book some profits. Some traders also remain worried recent hotter-than-expected U.S. inflation data could...
The British Columbia Securities Commission (BCSC) and Royal Canadian Mounted Police (RCMP) have issued a warning to ten B.C. residents over their alleged involvement in international crypto fraud schemes, the officials revealed in a press conference Monday. According to both the RCMP’s Integrated Marketing Enforcement Team (IMET) and the BCSC, officials hand-delivered the warnings on...