Business – Page 438 – Freedom 96.9

Citigroup pushes back Fed rate-cut timeline amid rising hawkishness

Thursday, June 18 by SRN News

June 18 (Reuters) - Citigroup has pushed back its expectation for the U.S. Federal Reserve cutting interest rates by one month, citing a more hawkish turn from Fed officials. The Wall Street firm now forecasts cuts in October and December 2026, followed by one in... Read More.

Morning Bid: Warsh debut raises rate-hike stakes

Thursday, June 18 by SRN News

(Corrects to delete extraneous words from paragraph 2) A look at the day ahead in European and global markets from Ankur Banerjee Federal Reserve Chairman Kevin Warsh seized the stage in his debut press conference, unveiling an ambitious review with broad ramifications and tacitly turning hawkish... Read More.

Iran war fuel spikes lift Europe’s EV sales again, but growth may not last

Thursday, June 18 by SRN News

By Nick Carey, Gilles Guillaume and Marie Mannes LONDON/PARIS/STOCKHOLM, June 18 (Reuters) - Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across Europe, industry data shared with Reuters shows, though some executives warn interest could fade... Read More.

Asian shares shrug off US retreat after initial signing of US-Iran deal on ending the war

Wednesday, June 17 by SRN News

BANGKOK (AP) - Shares surged Thursday in Asia, with benchmarks in Japan and South Korea setting fresh records, after the U.S. and Iran signed their initial agreement ending the war. The rally in Asia followed a retreat Wednesday on Wall Street driven by speculation... Read More.

One Tech Tip: Watch out for scams when buying World Cup tickets

Wednesday, June 17 by SRN News

Looking for a World Cup ticket? The buzz around the soccer tournament now under way across North America might inspire a last-minute search online, but fans should be wary of cyber scammers. Experts and authorities warn that criminals will be deploying a range of tactics... Read More.

Carro enters Australia with CarPlace buy, expanding to eighth market

Wednesday, June 17 by SRN News

By Yantoultra Ngui SINGAPORE, June 18 (Reuters) - Singapore-based online car marketplace Carro has bought Australian used-car platform CarPlace, marking its entry into Australia and expanding its reach to eight markets, the company said on Thursday. Carro told Reuters in September it was eyeing mergers and... Read More.

HSBC’s Australia unit faces $24.6 million penalty over scam protection failures

Wednesday, June 17 by SRN News

June 18 (Reuters) - HSBC's Australia unit has admitted to serious failures in protecting customers from scams and could face an A$35 million ($24.59 million) penalty pending court approval, Australia's corporate regulator said on Thursday. The Australian Securities and Investments Commission (ASIC) and HSBC will... Read More.

Europe explores energy security alternatives after Iran war’s turmoil

Wednesday, June 17 by SRN News

NICOSIA, Cyprus (AP) - The Iran war 's shock to global fuel prices has reinforced Europe's stance that it must forge alternative trade and energy routes to the Strait of Hormuz. Here is a look at what the European Union is contemplating to bolster its... Read More.

Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides

Wednesday, June 17 by SRN News

By Jiaxing Li HONG KONG, June 18 (Reuters) - The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory. The U.S. central... Read More.

Asian stocks steady, oil lower as US and Iran sign peace deal

Wednesday, June 17 by SRN News

By Satoshi Sugiyama TOKYO, June 18 (Reuters) - Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties... Read More.

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