Category: Cut
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BoI governor: No immediate interest rate cut
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Bank of Israel Governor Amir Yaron indicated last night that it is still too early to talk about cutting interest rates in Israel. Speaking with Globes editor-in-chief Naama Sekuler on the opening evening of the Globes Israel Business Conference, Yaron estimated that the inflation rate would rise in the near…
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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
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US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
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UN climate talks to focus on money to help poor nations cut carbon pollution
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Breadcrumb links PMN BMN Business Article writer: Associated Press Seth Bornstein Posted on November 11, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content BAKU, Azerbaijan (AP) — An elaborate two-week international poker game…
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FOMC Cut Rates by 0.25% As Expected in November Decision
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The Fed cut its benchmark interest rate by 25 basis points to a target range of 4.50-4.75% at its November meeting, noting that inflation had “made progress” toward its goals. FOMC policy details: The target federal funds rate was lowered by 0.25% to a range of 4.50-4.75%. Adjusting the interest…
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More than 1,000 UK employees trial four-day working week without pay cut
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Seventeen British companies, including Crate Brewery in Hackney and the British Society for Immunology, are launching a six-month trial of the four-day working week with more than 1,000 employees taking part. The trial, organized by the 4 Day Week campaign, allows workers to maintain full pay while working just four…
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Federal Reserve is set to cut rates again while facing a hazy post-election outlook
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Breadcrumb links PMN BMN Business Article writer: Associated Press Christopher Rugaber Published on November 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Federal Reserve Chairman Jerome Powell speaks during a news conference…
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Family businesses face new inheritance tax burden as relief cut to 50%
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In a major shift affecting family-owned businesses, the Chancellor of the Exchequer has announced that the Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family businesses to inheritance tax for the first time in decades. Although business assets were previously exempt, they will…
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Treasury eyes automation, fleet tracking in fuel cost cut push
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Government-owned vehicles will only be refueled using automated tag systems and will remain monitored through digital tracking devices in changes proposed by National Treasury aimed at reducing operating costs. The proposal will see the centralization and automation of fuel programs for all government fleets to reduce waste. “By tracking and…
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One-third of UK businesses urge government to cut Brexit red tape
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Nearly a third of UK businesses are urging the government to reduce regulation and red tape after Brexit to support British trade, according to a survey by Santander Bank. The survey reveals that although there is a growing sense of optimism among SMEs, many are calling for action to ease…
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I Can Unite the Tory Party – and Cut 2p Off Income Tax
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Conservative leadership candidate Robert Jenrick has pledged to unite the divided party and introduce economic policies that would see a 2p cut in income tax. talk on GB NewsJenrick outlined his vision for a more cohesive Conservative party, emphasizing his business background as a key driver of his economic strategy.…
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FX option expiries for 15 October 10am New York cut
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There are some great stocks on the board today but they may not be activated given the current spot price levels. The EUR/USD pair is at 1.1000, but with the dollar holding strong, this is unlikely to affect the price action in the next session. There are also some big…
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AUD: CBA maintains base case December RBA 25bp rate cut – see firmer disinflationary pulse
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Detailed note from the Commonwealth Bank of Australia on what they expect from the Reserve Bank of Australia. In summary: Our base scenario sees the RBA begin to normalize the cash rate by the end of 2024 (we forecast in December the first 25 basis point rate cut) A stronger…
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters
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Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…
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Banks cut loans to parastatals by 15pc, defaults up
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Commercial banks reduced their lending to semi-governmental institutions by 14.7% in July compared to the same period last year, the largest decline in four years. This comes as state-owned companies struggle to service debts owed to their largest lender, the government. Overall, commercial banks, microfinance banks and savings and credit…
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September FOMC Minutes: 25bps Cut Was On The Table, Members Reject Pre-Set Path
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This was revealed in the minutes of the September decision A “large majority” voted in favor of a 50 basis point rate cut to the target range of 4.75% – 5.00%, mostly because it would raise interest rates to “Better alignment with recent inflation and labor market indicators. It may…
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…
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Could gov’t use golden share to force El Al to cut fares?
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Stare of Israel owns a “golden share” in a group of companies including El Al Israel Airlines Ltd (level:Ellal). Since the outbreak of the war, the Israeli national carrier has been heavily criticized for its high prices and for not operating emergency flights on Saturdays and holidays, except at the…