Philip Chua Business Blog

Posts Tagged ‘interest’

The dollar fell versus its counterparts except the Canadian dollar on Friday after a Labor Department report showed July US nonfarm payrolls dropped more than expected. US interest rates declined and the S&P 500 slipped 4.17 to 1,121.64. The yen advanced as US 2-year note yields fell below 0.50% for

OCBC Bank's net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts' estimates, as the group struggled to boost its lending income amid low interest rates, while investment income halved due to turbulent financial markets. But OCBC raised its dividend for the first six months of the year to 15 cents per share, from 14 cents previously - the first t... more

The Canadian dollar was soft after the Bank of Canada today raised the benchmark interest rate by a quarter percentage to 0.75% as expected but warned of a slow down in domestic and global economic recovery. This relatively dovish statement, however, was not able to play down the market expectation

The Bank of Japan released its minutes concerning May 20-21 meeting when policy makers decided to keep interest rates at its low record of 0.1% to fight deflation that continued to weigh on economic activity in the world's second largest economy. Policy makers signaled the importance of securing investors' trust

The dollar rose on Friday, supported by a Spanish credit-rating downgrade and increasing tensions on the Korean peninsula. US stocks, commodities and interest rates fell. Mixed US economic data added to the anxiety about the pace of the economic recovery. The S&P 500 fell 13.65 to 1,089.41 ahead of the

At the March meeting, the FOMC voted to keep the fed funds rate at a range of 0 to 0.25%, and the phrase that interest rates were likely to remain low “for an extended period” remained part of the statement. Thomas Hoenig voted against the policy decision again, as he…