Author: IA PressRoom

© Reuters. FILE PHOTO: A view of signage outside the European Central Bank (ECB) building in Frankfurt, Germany October 27, 2022. REUTERS/Wolfgang Rattay/ FILE PHOTO A look at the day ahead in European and global markets from Vidya Ranganathan After a slight jolt overnight from the hawkishness surrounding the Fed’s pause, investors can afford to be relaxed ahead of the European Central Bank’s policy decision later on Thursday. It’s a given the ECB will deliver its eighth straight rate hike of 25 bps, and confirm that the pace of quantitative tightening will pick up. They might hike again in July…

© Reuters. FILE PHOTO: The sign of Asian Infrastructure Investment Bank (AIIB) is pictured at its headquarters in Beijing, China July 27, 2020. REUTERS/Tingshu Wang/File Photo By Laurie Chen BEIJING (Reuters) – A senior employee of the Beijing-based Asian Infrastructure Investment Bank (AIIB) said on Thursday he was advised to flee the country after resigning from the bank in protest over what he alleged was Chinese Communist Party influence. Bob Pickard, a Canadian national and former global communications chief for the AIIB, announced his resignation in a scathing social media post on Wednesday. Hours later Ottawa said it was freezing…

© Reuters. Investing.com– Most Asian currencies fell on Thursday as the Federal Reserve flagged at least two more interest rate hikes this year after keeping interest rates steady, with the Japanese yen hitting a near seven-month low ahead of a Bank of Japan meeting. The Fed on Wednesday, as the central bank takes stock of an over year-long rate hike cycle. But the bank also raised its forecast for peak rates this year to 5.60% from 5.10%, heralding at least two more 25 basis point hikes.  The move pointed to more pressure on regional currencies, as the gap between local…

It was the 13th straight month of growth in industrial output but the softest pace in three months, mainly due to a slowdown in manufacturing activity and a decline in mining production.Meanwhile, China Jan-May private sector fixed-asset investment -0.1% Y/Y. China Jan-May infrastructure investment +7.5% Y/Y and the Fixed Asset Investment increased 4.0% YTD Y/Y in May vs 4.4% expected and 4.7% last.ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).

CNN  —  Miami GOP Mayor Francis Suarez has filed paperwork to run for president, according to new FEC filings, marking the long-shot candidate’s formal entry to the race. Suarez is set to speak Thursday at the Ronald Reagan Presidential Library in Simi Valley, California. During an appearance on Fox News over the weekend, the mayor said he would make a “major announcement” in the coming weeks and pointed to his remarks at the Reagan Library as “one that Americans should tune in to.” Suarez, a Cuban American, is currently in his second term as mayor of Miami, Florida’s second-most populous…

© Reuters. FILE PHOTO: A view of a giant display of stock indexes, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 24, 2022. REUTERS/Aly Song/FILE PHOTO BEIJING (Reuters) – China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers and vendors. The State Administration for Market Regulation said it will supervise and guide platform firms to conduct self-examination, and improve their protocols to overcome a lack of key provisions.

© Reuters. Investing.com– Most Asian stocks rose on Thursday, buoyed by the prospect of increased stimulus in China following more rate cuts in the country, although hawkish signals from the Federal Reserve kept a lid on gains. China cuts rates again as economic indicators disappoint  China’s and indexes rose 0.7% and 0.3%, respectively, after the People’s Bank of China (PBOC) cut rates on its medium-term loans.  The move follows a cut in the bank’s short-term loan rates earlier this week, and potentially heralds a cut in the PBOC’s benchmark next week, unlocking more liquidity in the Chinese economy as the…

© Reuters. Investing.com–  Oil prices fell slightly in Asian trade on Thursday as major importer China enacted more interest rate cuts amid worsening economic conditions, while markets continued to digest mixed signals from the Federal Reserve.  China cuts rates further to support economic recovery China’s central bank cut rates on its medium-term loans for the first time in 10 months, following a short-term rate cut earlier this week as the government struggles to shore up economic growth. Weak readings from the world’s largest oil importer continued to pour in, with data on Thursday showing that and grew less than expected…

Source: AdobeA proposed Securities and Exchange Commission rule would shut down the development of the digital asset industry and should be withdrawn, House Republicans said. A group of lawmakers in the House Financial Services Committee wrote to the SEC this week criticizing the proposed rule that they say could expand the definition of an exchange to include “communication protocol systems” and could go beyond centralized exchanges, the lawmakers said. “For digital assets, the Proposed Rule would go well beyond regulating centralized digital asset platforms and apply to persons acting ‘in concert’ with each other,” the lawmakers said. “This could capture a wide…

As student-loan payments are set to resume, Houston-based house hunter Meshawn Cisero is looking over his budget with a fine-toothed comb and cutting expenses as he gears up to pay over $400 a month for his student debt. The 33-year-old, who works as a program manager at a startup, has cut back on traveling, going out with friends, ordering food from delivery apps, sharing streaming accounts with other people, and even is holding off on buying a new car. “I’m gonna have to cut back some more, especially when the student-loan…