BoE Hike in Doubt after Cooler UK Inflation, Fed Projections Next
BoE Hike in Doubt after Cooler UK Inflation, Fed Projections Next
Oil Falls 1 ahead of Fed Rate Decision
SINGAPORE, Sept 20 Reuters Oil prices fell nearly 1 on Wednesday ahead of the U.S. Federal Reserve39;s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Prices fell despite a biggerthanexpected draw in U.S. oil stockpiles and weak U.S. shale […]
HDFC Bank Flags Hit to Asset Quality, Margins Post Merger
BENGALURU, Sept 20 Reuters India39;s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4 on Wednesday and dragging the bluechip Nifty 50. HDFC Bank39;s gross bad loan ratio is expected to have increased to 1.4 as […]
Australias CBA, Tesla Team Up to Support EV Purchases
Sept 20 Reuters Commonwealth Bank of Australia on Wednesday said it has partnered with Tesla to allow the automaker39;s customers to avail financing for electric vehicle EV purchases. Under the agreement, customers will be able to apply for personal loans through the bank directly from Tesla39;s website, CBA said, adding that the loans carry an interest rate […]
Chinese EV Maker Nio Raises 1 bln in Convertible Bond Deal
SYDNEY, Sept 20 Reuters Chinese electric vehicle maker Nio Inc said on Wednesday it had raised 1 billion in a twotranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised 500 million in a sixyear putfour convertible bond and the same amount in […]
Dollar Holds Fast, Yen in Shaky Territory ahead of FOMC
TOKYO, Sept 20 Reuters The dollar remained firm against a basket of peers on Wednesday ahead of a muchanticipated rate decision by the Federal Reserve later in the day, while the yen continued to hang close to a 10month low. The U.S. dollar index , which measures the greenback against a basket of rivals, stayed […]
Indian RR Kabel Up 15.8 in Debut Trade at 1.62B Valuation
BENGALURU, Sept 20 Reuters Indian wires and cables maker RR Kabel climbed as much as 15.8 to 1,198 rupees in trading debut on Wednesday, valuing the company at 135.16 billion rupees 1.62 billion in a weak broader market. Shares of private equity firm TPGbacked RR Kabel opened at 1,180 rupees and managed to stay above its […]
London Stocks Climb as Surprise Inflation Dip Spurs RatePause Bets
UK39;s August inflation unexpectedly falls Odds for BoE to hold rates stand at 45 Homebuilders boost London stocks MG gains on betterthanexpected operating profit FTSE 100 climbs 0.6, FTSE 250 jumps 1.2 Sept 20 Reuters UK stocks rose on Wednesday after data showing a surprise fall in inflation in August boosted sentiment and raised hopes […]
European Shares Rise ahead of Fed; UKs FTSE 100 Outperforms
STOXX 600 up 0.4; UK39;s FTSE 100 adds 0.6 Surprise fall in UK inflation adds to bets on BoE rate hike pause German producer prices post biggest decline on record Commerzbank flags rosier outlook for net interest income Education group Pearson picks Microsoft exec Abbosh as CEO Sept 20 Reuters European shares rose on Wednesday […]
China Keeps Benchmark Rates Unchanged, Economy Finds Footing
SHANGHAISINGAPORE, Sept 20 Reuters China kept benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with expectations, as fresh signs of economic stabilisation and a weakening yuan reduced the need for immediate monetary easing. Recent economic data showed the world39;s secondlargest economy was finding its footing after a sharp slowdown, while yuan declines have […]