June 2023 – Page 20 – UAG Trade Asia

US Banks Push Back as Regulators Prepare International Capital Hikes

June 22, 2023
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WASHINGTON, June 22 Reuters U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still reeling from the March banking crisis, according to six people briefed on the matter. Bank regulators led by the U.S. Federal Reserve are finalizing the proposal […]

June 22, 2023
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BERLIN, June 22 Reuters Brexit has been an economic disaster for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said. Britain voted on June 23, 2016, to exit the European Union and […]

June 22, 2023
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OSLO, June 22 Reuters Norway39;s central bank Norges Bank raised its key policy rate by 50 basis points bps to a 15year high of 3.75 on Thursday in a bid to curb inflation, and said it aimed for another hike in August, predicting the rate would rise to 4.25 during the autumn. The increase was bigger […]

June 22, 2023
Business
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June 21 Reuters Bahrain39;s state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds 510.48 million in carmaker McLaren from Saudi Arabia39;s Public Investment Fund PIF and Ares Management, Sky News reported on Wednesday. The transaction will not lead to any new money being injected into McLaren, the Sky News report […]

June 22, 2023
Oil
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LONDON, June 22 Reuters Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. Brent futures eased by 47 cents, or 0.6, to 76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate WTI […]

June 22, 2023
Finance
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SINGAPORE, June 22 Reuters The dollar languished near a onemonth low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semiannual testimony, offering little room for surprise. Sterling was perched near a oneyear high ahead of the Bank of England39;s BoE interest rate decision […]

June 22, 2023
Finance
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LONDON, June 22 Reuters The Norwegian crown surged on Thursday after the central bank raised its benchmark interest rate by 50 basis points bps, more than expected by a majority of economists surveyed by Reuters, and said it aimed for another hike in August. In attempt to curb inflation, Norges Bank raised interest rates to […]

June 22, 2023
Finance
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BoE set to hike rates later in the day; decision at 1100 GMT SNB hikes by 25 bps, signals more to come Banks, autos, tech lead sectoral falls June 22 Reuters European shares slid to their lowest level in nearly three months on Thursday, with London stocks falling on uncertainty about the size of the […]

June 22, 2023
Finance
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FTSE 100 down 1.0, FTSE 250 off 0.6 June 22 Reuters UK39;s main stock indexes dropped on Thursday as investors mulled the prospect of a higherthanexpected interest rate hike by the Bank of England, following stillhigh inflation data. The benchmark FTSE 100 was down 1 at 0813 GMT, touching a threeweek low, while the FTSE 250 midcap […]

June 22, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 21 June 2023 All eyes were on the inflation data released yesterday early during the start of the European session. Annual inflation was reported unchanged, at 8.7 while Core inflation was reported higher at 7.1 more than expected. A huge surprise for policymakers who, despite the continuous interest rate increases, inflation […]

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US Banks Push Back as Regulators Prepare International Capital Hikes

Brexit an Economic Disaster for UK and German Trade DIHK

Norges Bank Raises Rate to 15Year High, with more to Come

Saudi Sovereign Wealth Fund PIF Sells McLaren Stake to Bahrain Sky News

Oil Dips with Interest Rates and Inventories in Focus

Dollar Slips as Powells Testimony Offers Little Surprise

Norwegian Crown Surges after Central Bank Hikes Rates 50 bps

Europe Shares Slide to near 3Month Low on Rate Hike Worries

London Stocks Hit ThreeWeek Low on Prospect of Higher BoE Rate Hikes

Powell Causes USD Weakening, Stubborn Inflation for the U.K., Canadas Steady Consumer Spending, Will the BOE Surprise With Hike to 5?

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