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Swiss Market Ends Weak After SNB Hikes Rates
Switzerland stock market ended on a weak note on Thursday as investors digested Swiss National Bank's interest rate decision.
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1272 days ago
European Stocks Close Broadly Lower After BoE, SNB Raise Interest Rates
Despite recovering from the day's lows, European stocks closed on a weak note on Thursday as investors weighed how the interest rate hikes by the Federal Reserve, the Bank of England and Swiss National Bank might impact economic growth over the near to medium term.
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1272 days ago
Turkish Central Bank Keeps Key Rate Unchanged At 8.50%
Turkey's central bank decided to maintain its key interest rate in its March meeting, as the committee assessed that the current monetary policy stance is adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price stability and financial stability.
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1272 days ago
Taiwan Central Bank Raises Key Rate Further, Cuts Growth Forecast
Taiwan's central bank raised its key interest rate by a surprise move at its December meeting amid concerns about inflation as policymakers aim to achieve price stability and support sound economic and financial development. The central bank board unanimously decided to raise the benchmark discount rate by 0.125 percentage points to 1.875 percent.
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1272 days ago
U.S. New Home Sales Increase From Downwardly Revised Level In February
New home sales in the U.S. increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday. The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly revised rate of 633,000 in January.
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1272 days ago
Bank Of England Raises Key Rate Further To Tame Inflation
The Bank of England hiked its key rate for the eleventh consecutive session on Thursday as an unexpected rise in inflation outweighed concerns about the recent banking sector turbulence. The nine-member Monetary Policy Committee decided to lift the bank rate by 25 basis points to 4.25 percent. This was the highest rate since 2008.
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1272 days ago
Pound Mixed After BoE Decision
The pound showed mixed performance against its major rivals in the European session on Thursday, after the Bank of England raised its benchmark rate by 25 basis points and signalled further tightening if there are signs of persistent price pressures.
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1272 days ago
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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
A report released by the Labor Department on Thursday unexpectedly showed a slight decrease by first-time claims for U.S. unemployment benefits in the week ended March 18th. The Labor Department said initial jobless claims slipped to 191,000, a decrease of 1,000 from the previous week's unrevised level of 192,000. Economists had expected jobless claims to rise to 201,000.
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1272 days ago
United Natural Foods Says UNFI Retail CEO Michael Stigers To Resign
United Natural Foods, Inc. (UNFI) announced Thursday that Michael Stigers notified the company of his intention to resign from his position as Chief Executive Officer, UNFI Retail to pursue another professional opportunity.
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1272 days ago
Norges Bank Lifts Key Rate By 25 Bps; Hints At More Tightening
Norway's central bank decided to raise its policy rate by 25 basis points to curb inflation amid the tight labor market conditions and hinted at another rate hike in May and beyond. Norges Bank's Monetary Policy and Financial Stability Committee on Thursday unanimously decided to lift the policy rate to 3.00 percent from 2.75 percent.
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1272 days ago
Trupanion CFO Drew Wolff To Step Down Effective June 1
Trupanion, Inc. (TRUP) announced Thursday that Chief Financial Officer Drew Wolff will be stepping down from his position, effective June 1, 2023.
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1272 days ago
Philippine Central Bank Hikes Rate For Ninth Straight Session
The Philippine central bank raised its benchmark rates for the ninth consecutive policy session to gain control over inflationary pressure emanating from strong domestic demand and lingering supply-side constraints. That said, the bank softened its pace of tightening given the stability in the currency.
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1272 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 191,000
A report released by the Labor Department on Thursday unexpectedly showed a slight decrease by first-time claims for U.S. unemployment benefits in the week ended March 18th.
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1272 days ago
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