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Dollar takes a beating as traders see US rates peaking A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month's end. The dollar had its worst session in five months overnight, falling more than 1% against the euro to its lowest in more than a year and notching even larger losses elsewhere. The euro hit a fresh 15-month high of $1.1141 in early Asia trade and the yen, up 0.3% at 138.16 per dollar, was its stronges...
Dollar takes a beating as traders see US rates peaking
Dollar takes a beating as traders see US rates peaking
Source: Reuters
13/07/2023 9:22:48 AM
BlackRock, Standard Chartered join talks at new debt roundtable U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on stalled relief efforts for distressed countries, with Britain's Standard Chartered also joining, according to sources. The Global Sovereign Debt Roundtable, chaired by the International Monetary Fund, the World Bank and India - this year's leader of the Group of 20 major economies - held its first virtual meeting on Friday, a gathering aimed at setting ...
BlackRock, Standard Chartered join talks at new debt roundtable
BlackRock, Standard Chartered join talks at new debt roundtable
Source: Reuters
18/02/2023 10:19:14 AM
India set to post BoP deficit for 2 straight years - StanChart MUMBAI - India is set to post a balance of payment deficit for the second straight year in the next fiscal, which would be the first such instance in two decades, Standard Chartered Bank said on Friday. The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year and $5.5 billion in the next, against a surplus of $47.5 billion last year. "Higher commodity prices, better growth in India compared to the rest of the world, and higher global interest rat...
India set to post BoP deficit for 2 straight years - StanChart
India set to post BoP deficit for 2 straight years - StanChart
Source: Reuters
6/01/2023 9:54:33 AM
Follow SAFE investment strategy in 2023: Standard Chartered  Investors can follow the strategy of being safe in 2023 with the global macroeconomic backdrop is likely to be challenging with the risk of slowdown, Standard Chartered said in a report. According to Standard Chartered, the lagged effects of monetary policy tightening leads to a weaker demand scenario and lower corporate earnings performance. "However, as the monetary policy rate cycle peaks amid receding inflationary pressures in the second half of the year, risk sentiment c...
Follow SAFE investment strategy in 2023: Standard Chartered
Follow SAFE investment strategy in 2023: Standard Chartered
Source: IANS
4/01/2023 3:53:12 PM
Emerging markets-focused StanChart surprises with 40% profit jump, ups income goal Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income and gave it ammunition to upgrade its revenue outlook despite a weakening global economy. StanChart raised its income growth forecast for this year to 13% from 10% previously and CEO Bill Winters said the bank was confident of delivering its 2024 financial targets, sending its Hong Kong-listed shares 5% higher in a firm market. "Our performance th...
Emerging markets-focused StanChart surprises with 40% profit jump, ups income goal
Emerging markets-focused StanChart surprises with 40% profit jump, ups income goal
Source: Reuters
26/10/2022 10:01:55 AM
Standard Chartered raises India's current account deficit estimate for FY23 Standard Chartered on Wednesday raised its estimate of India's current account deficit (CAD) as a share of the gross domestic product for 2023, citing higher commodity prices and chances of an export slowdown. The British bank raised its CAD forecast for fiscal year ending March 2023 to 3.8% of India's GDP from its earlier estimate of 3.0%--higher than the assessments of peers Morgan Stanley, Goldman Sachs and Nomura. India's CAD came in at 1.2% of the GDP last year. A sl...
Standard Chartered raises India's current account deficit estimate for FY23
Standard Chartered raises India's current account deficit estimate for FY23
Source: Reuters
7/09/2022 2:08:02 PM