March 28, 2024
Loans

China’s central bank leaves key policy rate unchanged under shadow of the Federal Reserve

A man walks past the People’s Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to maneuver on monetary

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Loans

New student loan payment plan may help borrowers become homeowners

Row of townhouses in Alexandria, Virginia Grace Cary | Moment | Getty Images “Switching to a repayment plan that has a lower monthly payment can help a borrower qualify for a mortgage,” said higher education expert Mark Kantrowitz. Half of student loan borrowers — including 60% of millennial borrowers — who haven’t yet purchased a

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Investors

U.S. earnings, Hong Kong gains

42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its

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Investors

investors digest Fed rate decision, policy guidance

U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen

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Investors

investors await key data, Fed meeting

U.S. Treasury yields declined on Monday as investors looked ahead to a week of key economic data and the Federal Reserve’s first interest rate decision of the year. At 4:09 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.1065%. The 2-year Treasury yield was last at around

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Property

China’s financial institutions urged to support property developers

An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the

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Investors

10-year Treasury yield passes 1.5% as investors digest the jobs data beat

Treasury yields continued to edge higher on early Friday as investors digested the latest jobs data and comments by officials of the Federal Reserve. Weekly jobless claims surprised economists Thursday by coming in at their lowest level since September 2022, in a further indication of the strength of the U.S. jobs market. The yield on

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Investors

stocks, news, UK inflation and Davos

11 Mins Ago Novozymes CEO is confident its merger with Chr. Hansen will close in Q1 Novozymes CEO Ester Baiget discusses the Danish biotechnology company’s planned combination with with fellow biotech firm Chr. Hansen. An Hour Ago UBS CEO: Markets too complacent about rate cuts Sergio Ermotti, CEO of UBS, outlines the main challenges the

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Investors

U.S. Treasury yields: investors weigh inflation outlook

U.S. Treasury yields fell on Wednesday as investors considered what could be ahead for inflation and how this could affect interest rates and the overall economy. At 4:34 a.m. ET, the yield on the 10-year Treasury was down by more than two basis points to 3.9886% after hovering around the 4% mark throughout the beginning

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Investors

Japan markets, Fed December minutes, China losses

Thu, Jan 4 2024 12:33 AM EST Japan to approve reserved funds to cover damages from New Year’s Day earthquake Japan’s cabinet will approve the use of its reserved funds to cover the damage from the earthquake that hit the Noto Peninsula in Ishikawa prefecture on New Year’s Day, Prime Minister Fumio Kishida said. Reuters

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