DIRS.INFO The most relevant business & tech news

☆ China new bank lending nearly doubles after central bank help
▼ + stars: | 2022-10-11 | by ( Judy Hua | Kevin Yao | ) www.reuters.com time to read: +4 min

FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. Analysts polled by Reuters had predicted new yuan loans would rise to 1.80 trillion yuan in September. New yuan loans totalled 18.08 trillion yuan in the first nine months, rising 1.36 trillion yuan from a year earlier, central bank data showed. Broad M2 money supply in September grew 12.1% from a year earlier, central bank data showed, in line with analysts’ forecasts in a Reuters poll. In September, TSF rose to 3.53 trillion yuan from 2.43 trillion yuan in August.

The Fed's relentless interest rate-raising campaign, and resulting worldwide surge in the dollar, is tightening global financial conditions at an alarming pace. Many feel this should put global financial leaders on the highest contagion alert. China's central bank has asked major state-owned banks to be prepared to sell dollars overseas to stem the yuan's descent. chartchartEINSTEIN & INSANITYThere are signs that the recent global market turmoil is opening eyes in Washington. Perhaps surprisingly then, the last time G7 central banks acted together in FX was in 2001, selling yen for dollars.

☆ Italy's right-wing bloc wins election: five questions for markets
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Guglielmo MangiapaneMILAN/LONDON, Sept 26 (Reuters) - Italy's right-wing bloc should have a solid majority in both houses of parliament following Sunday's election, potentially giving the country a rare chance of political stability after years of upheaval and fragile coalitions. The absence of the anti-euro rhetoric seen in the 2018 election had reassured investors in the run-up to the vote. With markets watching closely, we take a look at five key questions on the radar. Reuters Graphics2/ Could Italy's EU funding plan be modified? The Brothers of Italy sees room to amend Italy's EU-backed recovery fund programme to account for the energy shock.

☆ Bank of England hikes rates but avoids more aggressive steps to tame inflation
▼ + stars: | 2022-09-22 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

LONDON — Britain’s central bank raised its key interest rate by another half-percentage point Thursday, avoiding more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken. The U.K. decision comes during a busy week for central bank action marked by much more aggressive moves to bring down soaring consumer prices. Also Thursday, the Swiss central bank enacted its biggest-ever hike to its key interest rate. Surging inflation is a worry for central banks because it eats away at consumers’ purchasing power. This month, Sweden’s central bank raised its key interest rate by a full percentage point, while the European Central Bank delivered its largest-ever rate increase with a three-quarter point hike for the 19 countries that use the euro currency.

☆ Peaks, valleys and milestones
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/IllustrationSept 23 (Reuters) - A look at the day ahead in Asian markets from Lewis KrauskopfA feverish week of central bank activity around the globe has left markets at extremes. Currency prices were rattled after Japan intervened in the foreign exchange market to buy yen for the first time since 1998. Register now for FREE unlimited access to Reuters.com RegisterThe yen surged against the dollar after the intervention. Investors might be excused for wanting to take a breath on Friday, but further digestion of the week's central bank action along with inflation data in Asia and economic readings in Europe could beget more volatility. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: Keep your hiking boots on
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +3 min

The U.S. central bank on Wednesday raised rates by 75 basis points for a third straight meeting as it is bent on taming the steepest surge in inflation in 40 years. Register now for FREE unlimited access to Reuters.com RegisterInstead, it was what comes next that appeared to seize the market's attention. New Fed projections show its policy rate topping out at 4.60% in 2023. Policymakers see the need to lift the policy rate to a "restrictive level" and "keep it there for some time," Powell added. What's more, investors on Thursday will have other central bank actions to contend with, including in Japan, England and Switzerland.

☆ Here comes the main course
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

The lead-up to the U.S. central bank event has been bumpy and could spell more volatility for Asian markets in the hours before the Fed's statement. Ahead of the rate decision, rates continued their ascent. The 2-year Treasury yield , which tracks Fed rates closely, approached 4%, the highest since 2007. Reuters GraphicsOn Tuesday, Sweden provided the appetizer for the feast of central bank action to follow the rest of the week. The country's central bank caught markets off-guard in hiking interest rates by a larger-than-expected full percentage point.

☆ Morning Bid: Not so calm before the storm
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterU.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. Register now for FREE unlimited access to Reuters.com RegisterThe yield on the U.S. benchmark 10-year note hit its highest level since 2011, touching 3.518% although it then pulled back. A rate hike of 75 basis points is expected, with markets pricing in roughly one-in-five odds of a full percentage point hike. In a Reuters poll, 75% of market participants predicted no change to either the one-year loan prime rate or the five-year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Italy's right-wing bloc set for election win: five questions for markets
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +5 min

Giorgia Meloni, leader of the nationalist Brothers of Italy, is seen as frontrunner to become Italy's first female prime minister. read moreThe absence of anti-euro rhetoric seen in the 2018 election has reassured investors, for now. At around 225 basis points, the closely watched gap between 10-year Italian and German bond yields has been relatively stable . That would cause some angst since the constitution protects issues related to Italy's EU membership. read moreReuters Graphics2/ Could Italy's EU funding plan be modified?

Low APY Dash icon A dash. Low APY Dash icon A dash. Low APY Dash icon A dash. $5 maintenance fee per quarter if you don't have at least $5 in your account Dash icon A dash. Need a minimum of $25 in account daily to keep membership open Dash icon A dash.

Search resuls for: "Bank Act"

10 mentions found