Category: lowers
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HMRC lowers late payment interest following Bank of England rate cut
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HMRC has announced the reduction of the interest imposed on late tax payments, following the recent decision of the Bank of England to reduce the basic price from 4.75 % to 4.5 %. As of February 17, taxpayers who have debts will witness a low interest rate on late payments…
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HMRC lowers late payment interest following Bank of England rate cut
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HMRC has announced the reduction of the interest imposed on late tax payments, following the recent decision of the Bank of England to reduce the basic price from 4.75 % to 4.5 %. As of February 17, taxpayers who have debts will witness a low interest rate on late payments…
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Charting the Global Economy: Fed Holds While ECB Lowers Rates
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Bread path links PMN Business Federal Reserve officials pass with caution in interest rates against the backdrop of strong American economic activity and a proper labor market, as politicians are waiting for political officials from the Trump administration. The author of the article: Bloomberg News Vince Gul and Molly Smith…
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Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
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Breadcrumb links BMN Business The European Central Bank has cut interest rates for the third time this year as a rapid decline in inflation allows policymakers to provide support to the region’s faltering economy. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on October 19, 2024 • 3…
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EBC Financial Group Enhances Liquidity and Lowers Trading Costs on Major Stock Indices
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Amid the global stock market recovery, EBC Financial Group (EBC) is enhancing liquidity for five major stock indices, including the US Dow Jones Index, Nasdaq, S&P 500, A50 (China), and Hang Seng Index (Hong Kong). This strategic move aims to provide investors with more effective and efficient trading across all…
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HSBC lowers EUR-AUD trade target, stop-loss By Investing.com
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HSBC Global Research has revised its stance on the EUR-AUD pair, setting lower target and stop-loss levels for its sell trade idea. On the other hand, the company revised its target down to 1.5690 from its initial position that it opened on September 20 at 1.6400. Stop loss has also…
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Needham lowers Pure Storage stock PT, expects pressure from elongated sales cycles By Investing.com
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On Thursday, Needham Financial Services revised its financial outlook for Pure Storage (NYSE: ), lowering its price target to $62 from $80 previously while maintaining a buy rating on the stock. The revision comes on the heels of Pure Storage’s Q2 FY25 performance, which despite beating expectations, led to expectations…
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Reprieve for borrowers as CBK lowers key rate for the first time in 4 years
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For the first time in four years, Kenya’s central bank has cut its lending rate, giving borrowers relief from loan servicing costs after years of rising rates in a bid to contain inflation and a weak shilling. China’s central bank on Tuesday cut its key interest rate by 25 basis…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Truist lowers Medtronic shares target, cites modest EPS growth By Investing.com
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On Tuesday, Truist Securities revised its price target for Medtronic Inc. (NYSE:), a global leader in medical technology, services and solutions, announced a price target adjustment to $85 from the previous $88 while maintaining a hold rating on the stock. The revision comes after examining Medtronic’s earnings outlook and position…
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BTIG lowers AeroVironment shares target following cautious market response By Investing.com
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On Monday, BTIG revised its price target on the stock. AeroVironment AeroVironment (NASDAQ: ), a defense and aerospace company, cut its stock price to $245 from $255 previously, maintaining a buy rating on the stock. The company’s decision comes on the heels of AeroVironment’s recent investor day event held at…
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SEC Lowers Settlement Demand To $103 Million
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A glimmer of hope emerged for Ripple Labs this week in its ongoing legal battle with the Securities and Exchange Commission. The SEC reduced the proposed settlement amount from a staggering $2 billion to a more manageable amount of $102.6 million. While this represents a significant concession, Ripple still faces…
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UBS lowers EUR/CHF target to 0.96 amid expected ECB rate cuts By Investing.com
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UBS has revised its forecasts for the currency pair, indicating a bearish outlook in the short term. The financial services company revised its March 2022 target for the euro to Swiss franc exchange rate to 0.96, down from the previous 0.97. In addition, UBS presented a new forecast for June…