earleir i spoke to calvin wong of avanda and he gave me his take on how he thinks the federal will move this week. pretty much unchanged so this will be the first pause and its current interest rate outside look so pretty much unchanged at 5%-5.25% so pretty much unchanged at 5% 5.25% so the reason being over here is that i do not believe poor poor outwage. it will hike interest rate in line with us treasury which are in the process of issuing a massive amount of issuing a massive amount of t bills to fill up its cash cradits. china has a bunch of data coming out, what will you be focused on? this coming thursday we will look at a slew of chinese data industrial production, retail sales as well as housing, price index data. if you look at the last two weeks, and if this data is weaker than expected china policymakers may start to tilt toward inaudible do not forget this thursday we have the announcement about key interest ratre policies. it has been unchanged since august l
case and what the and he was there was a and they also settled a russian tanker that in karachi on sunday and that is packet study perspective they can get hold of any oil and if they don t have to pay in us dollars that is welcome. of course it is controversial because western countries have imposed sanctions on russia for its invasion of ukraine, so it all oil exports have been restricted. they have announced a price cap of $60 a barrel. pakistan has been negotiating with russia for months to get discounted oil. a short while ago the petroleum minister said that they are going to pay in the chinese currency. that is again a benefit to pakistan because foreign exchange reserves have dropped below $4 billion and now they are looking for ways to pay. this all against a pretty weak economic picture for pakistan. it is facing a lot of economic trouble and therefore it needs this cheap energy. at the same time i wonder what needs to be done to try and set the economy back on an e
welcome to a brand new week. looks like it s going to be a busy month for central banks from the us, europe and japan. on wednesday the us federal reserve will wrap up its two day meeting to decide on a cost of borrowing in the worlds largest economy. expectations are high at the fed and will hit the pause button this week after raising interest rates ten times and fascia. on thursday policymakers from the european central bank are expected to meet and they at the delicate balance of taming inflation while trying to avoid the risk of falling into a recession. and rounding out the week the bank ofjapan will be in session to debate on its monetary policy moods. expectations are high that they will continue to remain its ultra loose monetary policy. it s notjust central banks that investors will be watching closely this week, china is poised to unveil a slew of its latest data. later today at loan growth and money supply data for may could offer some clues on cash that is in cir
one weekend in march, and now we ll see two cultures colliding. there are likely to be manyjob losses, staff will be bracing for those. however, as you say, the boss of ubs has said, look, we have a lot of opportunities here as well, and of course it does mean that ubs is able to access key markets in wealth management that it would have taken years to do had it not taken over credit suisse. and of course the deal reached with the swiss government effectively for the government to back around $10 billion of losses that it could see when it sells of chunks of credit suisse s business, will have helped sweeten this deal. it is going to have a fight on its hand but arguably, credit suisse s footprint does mean that that is probably going to be easier to at leastjoin the fight now that it has all of these assets under management and of course, has already established partnerships around the world. so certainly that will be the ambition. it s a big ambition. i don t think necessar
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