Inflation in the U.K. has aligned with the Bank of England’s (BoE) 2% target in recent readings, yet the central bank may hesitate to reduce interest rates this week. On Wednesday morning, market pricing indicated a 60% probability of a… Read More ›
Month: July 2024
Oil Rebounds On Mideast Tensions But China Data Caps Gains
Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran, escalating tensions in the Middle East. Despite this uptick, prices continue to be weighed down by concerns… Read More ›
Euro Zone Inflation Surges Unexpectedly to 2.6%, Impacting ECB Rate Cut Outlook
Inflation in the euro zone unexpectedly rose to 2.6% in July, according to data released by the European Union’s statistics agency on Wednesday. This increase contrasts with the 2.5% inflation recorded in June and defied economists’ expectations, who had forecast… Read More ›
Assassination Of Hamas Leader Ismail Haniyeh In Iran Sparks Fears Of Wider Regional Escalation
Hamas leader Ismail Haniyeh was assassinated in the early hours of the morning in Iran, the Palestinian militant group announced on Wednesday, heightening concerns of a broader escalation in a region already shaken by Israel’s war in Gaza and a… Read More ›
UAE Poised To Attract More Millionaires As Wealthy Individuals Leave The UK
The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source of many of… Read More ›
Nomura Triples Q1 Profit With Wealth Management Revenues Getting Boosted Due To End
Nomura Holdings, Japan’s largest brokerage and investment bank, reported a remarkable 195% increase in first-quarter profit on Tuesday, driven by a global market rally and the resurgence of domestic inflation, which boosted demand for its wealth management services. The impressive… Read More ›
Standard Chartered Announces Record $1.5 Billion Buyback, Raises 2024 Income Forecast
Standard Chartered (StanChart) has unveiled its largest-ever share buyback of $1.5 billion and has raised its income outlook for 2024, driven by anticipated strong economic growth in its key Asian markets and a strategic plan to control costs. The London-based… Read More ›
FINMA, The Swiss Regulator, Scrutinizes UBS Client Vetting Amid Credit Suisse Integration
Switzerland’s financial regulator, FINMA, is closely examining how UBS screens risky wealthy clients being transferred from Credit Suisse, sources revealed. This comes as the regulator adopts a proactive stance in overseeing the bank’s integration of its fallen competitor. Earlier this… Read More ›
Despite China’s Slump, Second-Quarter Sales Growth Drives A 10.5% Gain In Philips Shares
After the Dutch gadget manufacturer Philips released better-than-expected second-quarter profits, its stock rose more than 10.5% in early trading on Monday. By 9:32 a.m. London time, the stock had reduced gains marginally and was trading up 10.45%. Similar group sales… Read More ›
Reuters Survey Finds That Expectations Of Rate Reduction Are At Variance With The Global Economy’s Growing Resiliency
A growing number of economists surveyed by Reuters expressed optimism about the chances for global economy this year and next, though many are still sticking to their projections of interest rate reductions. The risks are still pointing towards greater inflation…. Read More ›
manageria.biz 