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Forex News
Switzerland's Central Bank Retains Key Rate, Cuts Inflation Outlook
The Swiss National Bank kept its benchmark rate unchanged on Thursday and turned more dovish as it lowered the inflation forecast and altered the policy stance on forex interventions. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent. The SNB policy rate has been raised by a cumulative 2.5 percentage points since June 2022.
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576 days ago
Swiss Franc Drops As SNB Leaves Rate Unchanged
The Swiss franc moved down against its major counterparts in the European session on Thursday, as the Swiss National Bank kept its benchmark rate unchanged amid easing inflation, but warned that "uncertainty remains high."
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576 days ago
Barnwell Industries To Sell Water Resources International To Local Construction Company
Barnwell Industries, Inc. (BRN) announced Thursday the entry into an agreement for the sale of Water Resources International, Inc. to a local construction company is for gross proceeds of $2,000,000, subject to customary post-closing price adjustments and the purchaser's completion of due diligence.
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576 days ago
Sensex, Nifty Join Global Rally On Fed's Dovish Pivot
Indian shares rose sharply on Thursday, tracking gains across global markets, a weaker dollar and declining bond yields after the Federal Reserve signaled three interest rate cuts next year against the backdrop of easing inflation and slowing economic growth.
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576 days ago
European Shares Follow Wall Street Higher As Fed Signals Shift
European stocks rallied on Thursday after the U.S. Federal Reserve kept interest rates steady, as widely expected, and hinted at three rate cuts in 2024, citing easing inflation and slowing growth.
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576 days ago
FTSE 100 Rallies On Rate Cut Hopes
U.K. stocks rose sharply on Thursday after the Federal Reserve confirmed plans to pivot to cutting rates next year, citing slowing inflation and economic growth.
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576 days ago
CAC 40 Climbs On Dovish Fed; ECB, BoE Rate Decisions Eyed
French stocks rose sharply on Thursday, the dollar sank, and bond yields declined after the Federal Reserve held interest rates, as widely expected, and announced a shift towards cutting borrowing costs against the backdrop of slowing growth and easing inflation.
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576 days ago
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DAX Rallies On Dovish Fed
German stocks rallied on Thursday as investors welcomed dovish signals from the Federal Reserve and awaited interest-rate announcements from the European Central Bank and the Bank of England.
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576 days ago
Asian Shares Rise On Fed Policy Shift
Asian stocks followed Wall Street higher on Thursday, the dollar sank, and bond yields declined after the Federal Reserve held interest rates, as widely expected,
and announced a shift towards cutting borrowing costs against the backdrop of slowing growth and easing inflation.
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576 days ago
BP Claws Back $40 Mln In Pay From Former CEO Citing Serious Misconduct
BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues. In a statement, BP said that Looney has been dismissed without notice effective on December 13.
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576 days ago
U.S. Dollar Extends Slide As Fed Signals Future Rate Cuts
The U.S. dollar continued its early weakness against other major currencies in the Asian session on Thursday, after the Federal Reserve signaled three interest rate cuts for next year following its latest policy meeting.
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576 days ago
European Economic News Preview: ECB, BoE Policy Announcements Due
The European Central Bank and the Bank of England are set to leave interest rates unchanged on Thursday after their peer U.S. Federal Reserve left its interest rates unchanged for the third straight meeting a day earlier. On Wednesday, the Federal Reserve kept the target range for the federal funds rate at 5.25 to 5.50 percent but hinted at three rate cuts in 2024.
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576 days ago
European Shares Set For Strong Opening On Dovish Fed Pivot
European stocks are seen opening sharply higher on Thursday as investors cheer dovish signals from the U.S. Federal Reserve.
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576 days ago
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