More gains in the Australian dollar, a tug-of-war on bonds and an uncertain read-across to global rate bets rank among strategist reaction to the nation’s central bank unexpectedly raising interest rates.
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat estimates.
US companies’ earnings are strong enough that money managers like T. Rowe Price Group Inc. and PGIM Inc. expect corporate bonds to outperform Treasuries over the next 12 months, even if the economy suffers.
Oil held a loss as concerns over China’s economic outlook and caution in financial markets spurred by a banking crisis dominated sentiment.
A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents.
A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents.
Samsung Electronics Co. is banning employee use of popular generative AI tools like ChatGPT after discovering staff uploaded sensitive code to the platform, dealing a setback to the spread of such technology in the workplace.
Japan’s major breweries are giving investors plenty to cheer about as their shares outperform the broader market on prospects of price hikes, more favorable taxation and a rebound in tourism.
Australia’s dollar jumped after the central bank unexpectedly raised interest rates to combat inflation. Asian stocks fluctuated as traders assessed China data and weighed risk before a Federal Reserve meeting this week.
India’s imports of Russian oil exceeded combined flows from Saudi Arabia and Iraq last month for the first time ever, according to data from Vortexa Ltd., as the South Asian nation continued to gorge on the discounted crude. However, overall volumes from Russia are likely to remain steady in May as China competes for the Urals grade, said Serena Huang, an analyst at the shipping analytics company.
