Although aligned with market forecasts, some predicted interest rate hikes. Adrian Orr, the governor of the RBNZ, commented that it is important to manage constant inflation pressures to achieve the 2% inflation target in the local economy. This more dovish outlook instigated a rally in bonds and a selloff in the New Zealand dollar. By…
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ABC News reported that Meta entered into agreements with Australian media agents after this country introduced the News Media Bargaining Code. This law requires big tech companies to pay for the news they display on their sites. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Worth millions of dollars, these deals are due…
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The anticipation was exceptionally high before the release of the core personal consumption expenditures (PCE) price index data, a crucial inflation measure closely monitored by the U.S. Federal Reserve. The data, released on Thursday, revealed that the yearly inflation growth rate was the lowest it had been in almost three years, providing some relief to…
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Industry experts anticipate that under Simoes' leadership, previously an executive at Santander and HSBC, the FTSE 100 company may increase its focus on pension investments and international expansion. In a strategic shift, L&G has opted for the services of the investment banking firm Robey Warshaw, noted for its partnership with former British chancellor George Osborne,…
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Apple is believed to have had 2,000 employees working on the EV project at its height, but has never officially confirmed how far it has got with it. It has now been reported that Apple is still years away from producing a car, which has led to the firm pulling the plug to concentrate on…
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The ride-hailing organisation’s financial results, however, improved with Khosrowshahi at the helm. Before joining Uber, he headed Expedia Group, Inc. (EXPE) and reportedly received the most lucrative salary package in the S&P 500. Khosrowshahi joined Uber in 2017. Based on information from the Financial Times, Uber indicated in a recent filing that its CEO met…
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The organisation’s annual revenue of $59.38bn came in just under the Wall Street predictions of $60.52bn. Impacted by its beer sales, which declined by 3.6%, Q4 volumes dropped by 2.6%. US results suffered as the company continues to struggle under the yoke of the marketing ploy involving transgender activist Dylan Mulvaney. Monday, 4 March 2024…
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Filings from earlier this week revealed that the job cuts would affect 239 staff members from its primary banking division, 44 from its broker-dealer segment, and three from its technology department. In January, Citigroup announced plans to eliminate 20,000 jobs over the forthcoming two years, a decision that came in the wake of what it…
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The complaint, brought forward by the Philippine Movement for Climate Justice, Inclusive Development International (IDI), Recourse, and BankTrack, alleges that Standard Chartered's financial activities have infringed upon the rights of the local populations. They urge the bank to compensate those impacted and enhance its governance policies related to such matters. The communities in question have…
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The S&P 500 gained its last 1,000 points steadily over a couple of years. It finally broke the 5,000 barrier earlier this month after a streak of winning weeks among signs of inflation easing and a few excellent earnings reports by major companies. This has led to speculation about how long it may be until…
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