Author: FX

© Reuters. DAVOS – At the World Economic Forum (WEF) held this week, Sunarso, the Director of Bank Rakyat Indonesia (IDX: BBRI), highlighted the bank’s initiatives aimed at fostering inclusive economic growth and expanding employment opportunities in Indonesia. Sunarso discussed the challenges Indonesia faces, such as stagnant economic growth and persistent poverty, and emphasized the importance of establishing engines for inclusive economic growth. He pointed out that BRI, as a state-owned enterprise, is not only focused on profitability but also on reinvesting to stimulate economic development and social impact. The Ultra Micro Holding initiative, a collaborative effort by BRI, Pengadaian,…

olli0815/iStock Editorial via Getty Images Con Edison’s (NYSE:ED) proposed $1.2B Reliable Clean City project in Queens was approved Thursday by the New York State Public Service Commission, which said the Idlewild project is key to the state’s attempt to cut greenhouse gas emissions to 85% of 1990 levels by 2050. The project is needed to maintain Con Edison’s (ED) electrical system reliability and as points of interconnection for energy storage and future clean energy projects, as well as mitigating future reliability concerns stemming from load growth, the PSC said. The project is “a step in building the grid of the…

China’s currency has been on a fresh downward spiral since the beginning of the new year.Earlier this week state banks were in the market selling USD/CNY ahead of 7.20 trying to support the currency. On Tuesday the offshore yuan (CNH) hit a 2 month low. The People’s Bank of China have been holding the reference rate much lower than modelled estimates, also trying to support the yuan. The model estimate for today’s reference rate: Around 0115 GMT (2015 US Eastern time) we get the reference rate for the day, which will once again be much lower than that modelled rate.…

Share: AUD/USD slightly up at 0.6571, amidst strong US labor data and mixed US housing market signals. US Dollar Index gains on US economic strength; Australian job market worries could influence RBA rate moves. Markets await US Consumer Sentiment data and Federal Reserve officials’ comments for further direction. The Australian Dollar (AUD) begins Friday’s Asian session with minuscule gains of 0.02% against the US Dollar (USD), as the economy in the United States (US) remains resilient after the release of strong jobs reports and mixed housing data. At the time of writing, the AUD/USD exchanges hands at 0.6571.…

SL Green Realty declares $0.25 dividend Source link

© Reuters. MILWAUKEE – WEC Energy Group (NYSE:), a major energy company operating in the Midwest, announced an increase in its quarterly cash dividend. The dividend has been raised by 7 percent, from 78 cents to 83.50 cents per share on the company’s common stock. This adjustment advances the annual dividend rate to $3.34 per share. The new dividend is scheduled to be paid on March 1, 2024, to shareholders on record as of February 14, 2024. This upcoming dividend payment continues WEC Energy Group’s long-standing practice of rewarding its stockholders, marking the 326th consecutive quarter, dating back to 1942,…

The broader US indices are giving up some of their gains. The S&P index is now up only 4 points or 0.09 percent at 4743.10. At session highs the index was up 26.88 point.The NASDAQ index is still up 67.34 points or 0.45%, but was up 191.67 points at session highs.The Dow Industrial Average has been mostly in negative territory all day. At session highs it was up 34.13 points. It is currently down -67 point This article was written by Greg Michalowski at www.forexlive.com. Source link

US DOLLAR FORECAST – USD/CAD. AUD/USDThe U.S. dollar has rebounded recently, as traders have scaled back overly dovish interest-rate cut expectationsCurrent market dynamics may have room to consolidate in the near termThis article focuses on the technical outlook for USD/CAD and AUD/USD Recommended by Diego Colman Get Your Free USD Forecast Most Read: US Dollar Shines Bright on Strong Data; Setups on Gold, EUR/USD, USD/JPYThe US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that…

Share: Federal Reserve (Fed) of Atlanta President Raphael Bostic hit newswires on Thursday while speaking at an event held at the Atlanta Chamber of Commerce. Bostic highlighted that the base case is for the Fed to begin exploring rate cuts sometime in the third quarter, but left the door open for the rate cut cycle to begin sooner depending on inflation figures. Key highlights: Fed’s Bostic: Baseline is for rate reductions sometime in Q3, but care is needed to not too cut soon or risk a refreshed price spiral. Bostic is open to cutting rates before July, but…

USD/JPY Analysis and ChartsUSD/JPY ticked up in Asia, but pared gains in EuropeMarket interest-rate rethinks for the Bank of Japan and the Federal Reserve favor more Dollar gainsJapanese inflation data may have prompted some cautionDownload our latest Q1 Japanese Technical and Fundamental Report Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen managed some rare gains against the United States Dollar in Thursday’s Asian session. However, it retraced most of them through the European afternoon and the fundamental backdrop remains greatly in the Dollar’s favor.Indeed USD/JPY soared above its 100-day moving average this week, to reach highs…