Tag: Australia
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Asian markets, Silicon Valley Bank, crypto
An hour ago SM Entertainment’s shares are down nearly 20% after Hybe dropped its takeover bid Shares of South Korean entertainment company SM Entertainment fell nearly 20% after rival Hybe announced it would withdraw its takeover offer this weekend. In a statement on Sunday, Hybe — the company behind K-pop sensation BTS — said it […]
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Shares in Hong Kong, Australia plummet as Asia continues sell-off on Wall Street; Bank of Japan holds rates
An hour ago Bank of Japan will leave policy unchanged as expected The Bank of Japan left its monetary policy unchanged, broadly in line with expectations. The central bank kept its negative rate at -0.1% and reiterated its target to keep the yield on the 10-year Japanese government bond around 0%. “The Japanese economy, despite […]
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Asia Pacific markets, Fed, rate hikes, RBA
CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says investors should be […]
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Asia Pacific markets, Fed, rate hikes, RBA
14 minutes ago CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says […]
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Asian markets are rising as investors digest China’s modest growth target
An hour ago CNBC Pro: Wall Street Pros Name Stock Markets Biggest Risk — And Show How To Trade It Equity markets are largely in the green this year, but there is turmoil about the rally, with several risk factors still plaguing the market. How should investors trade the market? Wall Street professionals weigh in […]
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Asian Markets to Drop After Worst Week of 2023 on Wall St; Governor of the Bank of Japan speaks with Japan’s upper house
Fri, Feb 24, 2023 8:36 AM EST Fed’s Mester says interest rates must go above 5% to quell inflation Interest rates must go even higher to bring inflation down, Cleveland Federal Reserve President Loretta Mester said Friday. “I see we need to get interest rates above 5%,” she told CNBC’s Steve Liesman during a “Squawk […]
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Asian markets fall as investors process private surveys on factory activity
An hour ago BHP cuts its dividend by 40% after a profit drop of almost a third Mining giant BHP has cut its dividend by 40% after it reported a drop in profits and revenue for its six-month period from June to December 2022. The dividend for the half year was 90 cents, down from […]
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Asian markets, US FOMC minutes, PMI, RBNZ, RBA minutes, Australian wage prices
An hour ago CNBC Pro: Uncertain about the market rally? Strategist picks 3 stocks to stay ‘defensive offensive’ Equity markets have risen this year, but market watchers aren’t sure if this is just another bear market rally or the start of a new bull market. Against this backdrop, Ghosh said investors should be “almost defensively […]
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Markets Fall on Hot Economy, Chance of 0.5% Rate Hikes
James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, will deliver a speech in London, UK, on Tuesday, October 15, 2019. Luke MacGregor | Bloomberg | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to […]
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US wholesale prices, Hong Kong census, Reserve Bank of Australia, Singapore
3 minutes ago Singapore’s domestic exports excluding oil fell 25% in January, further than expected Singapore’s domestic exports excluding oil fell 25% in January compared to a year ago, after falling 20.6% in December 2022. The drop was bigger than economists polled by Reuters had expected — predicted a 22% year-over-year decline. Meanwhile, non-oil re-exports […]