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Dollar falls after Fed sets stage for next year's rate hike
As UK, Sept. 23 Reuters - The dollar slipped on Thursday off one-month highs achieved after the Federal Reserve set the stage for interest rate hikes next year and a push in global market sentiment encouraged traders to foray out of the greenback. LONDON, Sept. 23 Reuters - The ...
Updated: 09/23/2021
Britain's pound rises as investors wait for BoE policy decision
... trigger a temporary correction lower for the GBP. We expect the BoE to formally follow the policy message of August when they had adopted a gradual tightening bias. The pound was lost against the euro 0.2% at $1.3648 and the pound was flat at 85.85 dollar.
Updated: 09/23/2021
Borrowing costs rise on Fed's exit from stimulus programme
At 23 Reuters - Government borrowing costs across the euro area rose on Thursday after the Federal Reserve indicated that it will likely begin reducing its monthly bond buying as soon as November and signalled interest rate hikes would follow faster than expected. LONDON, Sept 23 Reuters - Government borrowing costs across the euro area rose on Thursday after the Federal Reserve indicated that it will likely begin reducing its monthly bond buying as soon as November and signalled interest rate...
Updated: 09/23/2021
Oxford Nanopore to float on London Stock Exchange
London, Sept 23 Reuters - The initial public offering for Oxford Nanopore a provider of rapid COVID - 19 tests for the UK's national health services will have an indicative price from 375 to 450 pence per share, a bookrunner said on Thursday. London , Sept 23 Reuters - The initial public offering for Oxford Nanopore a provider of rapid COVID - 19 tests for the UK's national health services will have an indicative price from 375 to 450 pence per share, a bookrunner said on Thursday. The offer will...
Updated: 09/23/2021
GM invests $100 million in self-driving startup in China
On 23 September, Beijing - Reuters said the U.S. automaker is invested $100 million in the Chinese startup Momenta to develop self-driving technologies for future models in Europe. On 23 September, Beijing - Reuters said the U.S. automaker is invested $100 million in the Chinese startup Momenta to develop self-driving technologies for future models in Europe. In China , the world's biggest automobile market, GM is making cars with SAIC Motor , which also invested in Momenta. Momenta is also backed...
Updated: 09/23/2021
China is close to reaching agreement with government on debt restructuring
... the exact terms of such products for example: whether such products are outright guaranteed by Evergande development projects We did not find much disclosures about the WMP in the company's audited financials. In regards to the bonds denominated in dollars, this is what offshore bondholders generally invest in dollar bonds which are issued from offshore entities that sit further away from the assets located in China and would be subordinated to lenders onshore. Being close to assets would mean ...
Updated: 09/23/2021
China's Evergrande Group to make top priority for retail investors
... investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday. Hui Ka Yan's statement came after the developer said on Wednesday it resolved a coupon payment on an ... ... reduced and months of heavy losses still leave the stock down more than 80% for the year to date. Evergrande's property services unit also climbed. Sunac China jumped 16% and Guangzhou R&F Properties surged 26%. Robert Evergrande, founder and CIO of investment ...
Updated: 09/23/2021
California law requires Amazon to disclose workplace-productivity quotas
Gavin Newsom signed a new law that requires Amazon.com Inc. and other companies to disclose any quotas or workplace-productivity measures it applies to workers in the state. Gavin Newsom signed a new law that requires Amazon.com Inc. and other companies to disclose any quotas or workplace-productivity measures it applies to workers in the state. The legislation is the first to target a central facet of working at ...
Updated: 09/23/2021
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