[ad_1] The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty ImagesChina kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy.The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and the 5-year LPR at 3.6%. The decision was in line with Reuters poll estimates.The benchmark lending rates — normally charged to banks’ best clients — are calculated monthly based on designated commercial banks’ proposed rates submitted to the PBOC. The one-year LPR influences corporate loans and…
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[ad_1] (Bloomberg) — Asian equities fell Thursday after Federal Reserve minutes showed fresh caution on interest rate cuts and President Donald Trump called for more tariffs. Most Read from Bloomberg Shares in Japan, Australia and South Korea edged lower alongside Hong Kong equity index futures. US contracts declined in a sign the S&P 500 will pare much of its Wednesday gains. Downward pressure on Japanese equities partly reflected a stronger yen. The currency rallied for a second day against the greenback to trade around 151 per dollar. An index of the US currency was slightly lower after climbing in the…
[ad_1] Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAmazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday.Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls.”After careful consideration, we have decided to end support for the Amazon Chime service, including business calling features, effective February 20, 2026,” Amazon’s cloud unit AWS said in a blog post.Earlier this week, the company also shut down Inspire, its TikTok-like, short-form video and photo feed that was…
[ad_1] Say it ain’t so, Don!The Trump administration, cloaking itself in the mantle of concern for the “working class,” has withdrawn the Biden-era federal approval for congestion pricing, cutting funding for billions of dollars in repairs to the region’s lifeblood transit system — but the White House move was immediately challenged by a suit by the MTA in federal court.In a letter sent by U.S. DOT Secretary Sean Duffy to Gov. Hochul — first handed out to the Post — the White House revealed that it would pull the congestion pricing approval, granted by the Biden administration under a 34-year-old federal tolling…
[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 19, 2025.Michael M. Santiago | Getty Images News | Getty ImagesS&P 500 futures moved lower Wednesday evening on the heels of the broad market index scoring a new all-time high and a closing record in the regular trading session.Futures tied to the S&P 500, along with Nasdaq-100 futures, fell 0.1%. Meanwhile, futures linked to the Dow Jones Industrial Average slid 52 points, or 0.1%.On Wednesday, the S&P 500 posted its second consecutive winning session after hitting another all-time high. The Nasdaq Composite and…
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[ad_1] What role does firm size play in the relationship between board gender diversity and firm performance? Sana Mohsni and Alia Shata of Carleton University explored that question in their 2021 Hillsdale Investment Management – CFA Society Toronto Investment Research Award-winning paper, “Board Gender Diversity and Firm Performance: The Role of Firm Size.” Mohsni and Shata examined 371 Canadian company listed on the S&P / TSX Composite Index from 2010 to 2019 and used several board gender diversity measures, as well as return on assets (ROA) and return on equity (ROE) as firm performance metrics. Their conclusion? Smaller is better.…
[ad_1] By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The People’s Bank of China’s interest rate decision tops a busy Asia-Pacific economic event calendar on Thursday, with many stock markets around the world at new peaks or hugging recent highs as investors try to make sense of the blitz of headlines surrounding global trade tensions. A trade war between the U.S. and its major trading partners would be damaging for growth and markets, so you would think investors are pricing that risk into their portfolios. Minutes of the Federal Reserve’s Jan. 28-29 policy meeting…
[ad_1] Michael RaceBusiness reporter, BBC NewsGetty ImagesUK inflation jumped sharply in the year to January, driven by rising food prices, air fares and an increase in private school fees.The higher-than-expected jump to 3% from 2.5% in December, means prices rose at the fastest pace for 10 months.Food staples such as meat, eggs, butter and cereals were all more expensive than a year ago and comes as many households prepare for higher energy and water bills later this year. Following the latest figures, the government warned that the road back to low inflation would be “bumpy”, but the Conservatives and Liberal…
[ad_1] Palantir co-founder & CEO Alex Karp attends meetings at the U.S. Capitol in Washington, U.S., October 18, 2023.Jonathan Ernst | ReutersThe share price of Palantir fell by as much as 12.5% Wednesday after news that CEO Alex Karp had adopted a new stock trading plan, and after a report that the Pentagon has been ordered to prepare to cut the U.S. defense budget by 8% each year for the next five years.Palantir is best known for its contracting work providing software and technology services for defense agencies.The Washington Post on Wednesday said Defense Secretary Pete Hegseth has ordered senior…