Wealth Growth Daily

July 2, 2023

RBA to raise rates to 4.35% on July 4 but decision on a knife edge

BY Reuters  • July 2, 2023July 3, 2023
By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will likely raise its interest rate by 25 basis points to 4.35% on Tuesday to tame stubbornly high inflation, although a Reuters[...]
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Asia Australia Business Economy Updated

China forex regulator Pan Gongsheng named central bank party boss

BY Reuters  • July 2, 2023July 2, 2023
(Reuters) -China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a pre[...]
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Business Economy Updated

Marketmind: Q3 kicks off with China PMI in spotlight

BY Reuters  • July 2, 2023July 2, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia gets the new quarter underway with a sense of optimism and momentum[...]
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Asia Business Economy Technology US

Barclays seeks to stop being corporate banker to Odey Asset Management – FT

BY Reuters  • July 2, 2023July 2, 2023
(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations[...]
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Business Economy Europe UK Updated US

Tyson Foods to drop ‘no antibiotics ever’ label on some chicken products

BY Reuters  • July 2, 2023July 2, 2023
(Reuters) -Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its “no antibiotics ever” tagline from Tyson-branded chicken products, a Tyson spokesp[...]
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Business Updated

Australian home prices climb for fourth month in June

BY Reuters  • July 2, 2023July 2, 2023
SYDNEY (Reuters) – Australian home prices rose for a fourth consecutive month in June as a sustained squeeze on housing supply helped lift values nationwide, data showed on Monday. Property cons[...]
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Asia Australia Business Economy

PIMCO CIO says preparing for ‘harder landing’ for global economy – FT

BY Reuters  • July 2, 2023July 2, 2023
(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Dani[...]
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Business Economy Europe US
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