The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability.Peng Song | Moment | Getty ImagesChina left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump administration.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.The 1-year LPR determines rates on corporate and most household loans, while the 5-year LPR acts as a reference for mortgage loans.The…
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(Bloomberg) — It’s at best, a longshot, but one that’s emerged among a group of die-hard bond traders — that the Federal Reserve’s next move on interest rates will be up, not down. Most Read from Bloomberg The wager, which arose after a blowout jobs report on Jan. 10, stands in stark contrast to the consensus on Wall Street for at least one rate cut this year. That contrarian bet has remained in place even after a benign inflation report on Wednesday strengthened the Fed’s rate-cutting stance and caused yields in the US Treasury market to retreat from multi-year highs.…
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Transocean Ltd . (NYSE: NYSE:) between October 31, 2023 and September 2, 2024, both dates inclusive (the “Class Period”), of the important February 24, 2025 lead plaintiff deadline. SO WHAT: If you purchased Transocean securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Transocean class action, go to https://rosenlegal.com/submit-form/?case_id=32789 or call…
Investing.com– President-elect Donald Trump is set to implement over 200 executive actions on his first day in office, Fox News Digital reported on Sunday, citing a senior administration official. The comprehensive measures will address a broad range of policy areas including border security, energy production, federal bureaucracy, and cost-of-living reductions for Americans, the report stated. Trump will sign multiple omnibus executive orders containing dozens of actions. These include declaring a national border emergency, directing the military and the Department of Homeland Security to secure the southern border, and targeting criminal cartels operating within the U.S. by designating them as foreign…
Ken Griffin’s Citadel posted another year of double-digit returns in 2024, maintaining its status as the most profitable hedge fund ever.Aaron Kotowski for Forbes Hedge funds have lost some of their luster in recent years, with institutions preferring to pour money in Wall Street’s newer crazes for dependable returns like private credit, but the most successful firms in the old guard are still delivering steady gains for their limited partner investors. The world’s top 20 hedge funds, ranked in order of estimated net gains since inception according to LCH Investments, cumulatively produced a record $93.7 billion in gains in 2024.…
Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Investors in hedge funds have paid out almost half of their profits in fees since the early days of the industry more than half a century ago, new data shows.Managers generated $3.7tn of total gains before fees, but fees charged to investors were $1.8tn, or about 49 per cent of gross gains, according to the analysis by LCH Investments, an investor in hedge funds. The figures, which date back to 1969, show how the scale of the fees raked in by managers…
Investing.com– President-elect Donald Trump made several promises, including an immigration crackdown and government deregulation when speaking at a Washington rally on Sunday evening, as he prepares to take office this week. Trump reiterated several of his campaign promises, most notably his harsh rhetoric on illegal immigration, as marked a victory lap rally ahead of his inauguration on Monday. It was also Trump’s first major address in Washington since 2021. “We will expel every single illegal alien, gang member and migrant criminal operating on American soil,” Trump said, speaking at the “Make America Great Again Victory Rally” at the Capital One…
Forecasts converge on freezing precipitation and accumulation across Greater Houston as National Weather Service upgrades advisory to a Winter Storm WarningThree staging sites set-up and approximately 1,200 additional mutual aid workers set to arrive tomorrow to support potential restoration effortsCenterPoint to activate its emergency operations center Monday afternoon ahead of the projected start of precipitationCenterPoint urges customers and the public to be weather alert and have a plan to stay safe and warm through freezing temperatures and precipitation HOUSTON, Jan. 19, 2025 /PRNewswire/ — CenterPoint Energy continues to execute its cold weather readiness plan and actively monitor the weather for…
Investing.com– The U.S. dollar’s recent strength may falter as key indicators suggest it is overbought, BCA Research analysts said in a note. Analysts recommend caution on the greenback and point to the Australian dollar as a promising alternative, driven by optimism in Australia’s economy and favorable dynamics in global commodity markets. The U.S. dollar, a momentum-driven currency, could maintain its short-term gains, BCA analysts state. However, structural and cyclical factors hint at potential weakness. “We remain short the from the 110 level,” BCA analysts said, citing the likelihood of softer U.S. policies under President-elect Donald Trump to sustain the dollar’s…
London-headquartered BeZero Carbon, a global carbon ratings agency that has subsidiaries in Singapore and New York, has announced a US$32 million Series C funding round led by GenZero, the Singapore-based decarbonization-focused investment company owned by wealth fund Temasek, with additional funding from Japan Airlines and Translink Innovation Fund. Existing investors EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange, Molten Ventures, Qima, and Quantum Innovation Fund also committed fresh capital, highlighting, BeZero says, confidence in the role of its independent carbon ratings as critical infrastructure for achieving net zero. The funds raised will support investments in automation and artificial intelligence…