By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are poised to start the week on the front foot, emboldened by Wall Street’s late rally on Friday and p[...]
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December 3, 2023
RBA to hold rates on Dec. 5, Aussie home prices to rise 5% in 2024
By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its key interest rate unchanged at 4.35% on Tuesday and a rate cut is now not expected to happen until the fourth quart[...]
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Resurgent S&P 500 crests new 2023 closing high after roller-coaster year
By Lewis Krauskopf (Reuters) -A searing late-year rally has brought the S&P 500 to a fresh 2023 closing high, as investors bet the Federal Reserve is done raising interest rates and the U.S. econo[...]
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Tax-loss selling, ‘Santa rally’ could sway U.S. stocks after November melt-up
By David Randall NEW YORK(Reuters) -As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, includ[...]
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UBS to expand presence in U.S. market – Swiss paper
(Reuters) – Swiss bank UBS plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss[...]
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Exclusive-Top development banks at COP28 vow to up climate game, quiet on fossil fuels – document
By Simon Jessop DUBAI (Reuters) – Ten of the world’s top development banks pledged to step up their climate efforts at the COP28 summit, yet failed to say anything about halting financing[...]
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China has more space to cut reserve ratio instead of interest rates, says ex-official
BEIJING (Reuters) – China is likely to implement proactive fiscal policy next year as there is still a need for the world’s second-biggest economy to realise stable growth, a former centra[...]
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China regulator to speed reform of smaller financial institutions
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. The Nation[...]
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Australia’s Greens to investigate supermarket ‘price gouging’
SYDNEY (Reuters) -Australia’s Greens party said on Sunday it would lead a parliamentary inquiry into “price gouging” by major supermarkets as the country grapples with high costs of[...]
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