Wheat rallied Monday, with futures prices for the commodity trading at their highest since late June, as Russia’s fresh barrage of attacks in Ukraine threatened exports of the grain through Read more
Tag: Raise
RBNZ Continues to Raise Rates Sharply to Counter Inflation Threat
By James Glynn The Reserve Bank of New Zealand raised its official cash rate by a further 50 basis points on Wednesday, citing continued inflation pressures across the economy. The Read more
Opinion: Biden’s student-debt forgiveness encourages universities to raise tuition and will compromise Federal Reserve and congressional powers
Present Joe Biden’s student-loan forgiveness has attracted wide criticism, but few express the menace it poses to the Federal Reserve and congressional powers. Federal student loans create more equal access to quality Read more
Traders shrug after Bank of England says it ‘won’t hesitate’ to raise rates to meet inflation target
Investors and traders appeared to shrug Monday after the Bank of England said it was prepared to raise rates as much as necessary to meet its inflation target following a Read more
Credit Suisse shares drop after report of fresh capital raise
Credit Suisse Group AG shares fell sharply in early Friday trading after a media report said that the Swiss bank is considering another capital raise as it looks to move Read more
Chinese EV maker Zhejiang Leapmotor plans to raise over $1 billion in Hong Kong IPO
Zhejiang Leapmotor Technology Co. is planning to raise over 8.11 billion Hong Kong dollars ($1.03 billion) in an initial public offering to join a list of other Chinese electric vehicle Read more
China Vanke’s Onewo unit plans to raise over $780 million in Hong Kong IPO
Onewo Inc., a property-management arm of China Vanke Co. is planning to raise as much 6.15 billion Hong Kong dollars (US$783.5 million) through an initial public offering in Hong Kong. Read more
AIG unit Corebridge Financial’s IPO prices at low end of range to raise $1.6 billion and mark biggest IPO of the year so far
American International Group Inc. AIG, -0.26% said late Wednesday it priced the initial public offering of its life insurance unit Corebridge Financial Inc. CRBG, at $21 a share, the low Read more
Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price inflation Read more
UBS to raise 2022 dividend
UBS Group AG said Tuesday that it will raise the accrual for the 2022 ordinary dividend to $0.55 a share from $0.51. The adjustment marks an increase of 10% from Read more