February 21, 2023 United States: Goldman Sees Fed Hiking by Further 75 Points on Stronger Growth The Federal Reserve will raise interest rates by a quarter-percentage point at its March, May and June meetings in response to a stronger economic expansion, according to Jan Hatzius at Goldman Sachs Group Inc. “The recent numbers have
February 20, 2023 United States: Fed’s Preferred Inflation Gauges Seen Running Hot The Federal Reserve’s preferred inflation gauges this week, along with a groundswell of consumer spending, are seen fomenting debate among central bankers on the need to adjust the pace of interest-rate increases. The US personal consumption expenditures price index is forecast to
February 17, 2023 United States: Dollar Erases Loss for Year as Bets on Bigger US Rate Hikes Grow The dollar advanced against all major peers Friday, with a gauge of the currency wiping out its losses for the year, on growing bets for more Federal Reserve rate hikes. The Bloomberg Dollar Spot Index climbed
May 25, 2023 ISP Finance Services Limited (ISP) for the year ended December 31, 2022: Net interest income declined 2% to $395.41 million (2021: $404.21 million). For the quarter, net interest income declined 17% to $89.91 million (2021: $108.97 million). Commission expenses on loans increased 61% to $16.22 million (2021: $10.09 million). For the
February 16, 2023 United States: US Rates May Be Heading Higher Than Wall Street or the Fed Think Last year, most US investors and central bankers underestimated how high inflation would climb. Now they may be underestimating how high interest rates will need to go to bring it back down. In spite of the
February 15, 2022 Tropical Battery Company Limited (TROPICAL) for the three months ended December 31, 2022, recorded a 2% decline in revenue to $649.44 million $(2021: $661.94 million). Management noted that the decrease was primarily due to supply chain issues and shortage of materials. Cost of sales declined 7% to $434.16 million (2021: 465.59
February 15, 2023 United States: Fed Officials Float Even Higher Rates After Brisk Inflation Data Federal Reserve officials stressed the need for further interest-rate increases to help tame inflation, but expressed differing views about how close they are to stopping after new data showed signs of persistent price pressures. Several officials said Tuesday that
February 14, 2023 United States: US Inflation Stays Elevated, Adding Pressure for More Fed Hikes US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected. The overall consumer price index climbed 0.5%
February 13, 2023 Cargo Handlers Limited (CHL), for the first quarter ended December 31, 2022, posted gross revenues totalling $134.34 million, up 15% from the $116.99 million achieved in 2021. Cost of sales totalled $1.65 million (2021: nil) resulting in gross profit of $132.69 million (2021: $116.99 million). Gain on exchange closed at $2.03 million (2021: $12.77
February 13, 2023 United States: US Futures Edge Higher at Start of a Crunch Week: Markets Wrap Wall Street equity futures crept higher and European stocks climbed as investors positioned themselves for an action-packed week. Key events include Tuesday’s release of US consumer price data that may confirm the inflation battle isn’t over, dashing
