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  • Jan 09, 2025

UK markets are in the eye of the global bond storm

British markets are among the biggest victims of a global bond selloff that has spilled over into currencies and stocks this week. Yields on long-dated British government bonds are at their highest in decades - putting government finances under pressure - while sterling is struggling and British domestic stocks are underperforming. Britain's Treasury says it will maintain an "iron grip" on the public finances and Treasury minister Darren Jones told parliament the UK bond markets "continue to function in an orderly way."

  • Jan 09, 2025

Nvidia and AI Chip Stocks Brace for Impact as Biden Administration Considers New China Export Ban: Report

Nvidia Corp (NASDAQ:NVDA) and rival semiconductor chip companies could be hit with one more embargo from the Biden administration to China to concentrate artificial intelligence technology development with allies and on Washington’s terms. The Biden government weighed a fresh sanction on the export of AI chips used in data centers on both a country and company basis before passing the baton to the Republican government headed by Donald Trump on January 20, Bloomberg reports. Washington could ena

  • Jan 09, 2025

Fed’s Collins Says Uncertainties Point to Slower Cuts in 2025

(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said a slower approach to adjusting interest rates is merited now as officials confront “considerable uncertainty” over the US economic outlook.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Round

  • Jan 09, 2025

Egypt Inflation Hits Two-Year Low, Easing Path to Rate Cut

(Bloomberg) -- Egyptian inflation slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Annual consumer prices in urban areas rose 24.1% i

  • Jan 09, 2025

Fed's Collins says now is time for patient, gradual approach to rate cuts

Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for the central bank moving forward cautiously with future rate cuts. “With an economy that is in a good place overall and policy already closer to a more neutral stance, I view the current nature of uncertainty as calling for a gradual and patient approach to policymaking,” Collins said in the text of a speech prepared for an event at her bank. The official said as the new year starts, “inflation is down significantly from its 2022 peak, and the data continue to point to a gradual, if uneven, trajectory back to the Fed’s 2 percent target.”

  • Jan 09, 2025

Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor's Market Dominance

Broadcom Inc (NASDAQ:AVGO) could soon avail 2-nm chip samples from Japan’s Rapidus starting in June. The development marks the Japanese chipmaker’s efforts to emulate key contract chipmaker Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) strategy, which catapulted it into the trillion-dollar market cap, Nikkei Asia reports. Prior reports indicated that International Business Machines Corp (NYSE:IBM) and Rapidus are co-developing IBM’s 2-nm node technology for implementation at Rapidus’ fab in

  • Jan 09, 2025

UK Minister Says Gilt Markets ‘Orderly’, Debt Demand Strong

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves’s deputy said the gilt market is functioning as normal and underlying demand for UK debt is strong, as pressure grows on the British government amid a rise in borrowing costs and wider market selloff.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Buildi

  • Jan 09, 2025

UK Power Prices Climb as Light Winds to Tighten Market on Friday

(Bloomberg) -- UK power prices are increasing as wind generation is forecast to drop on Friday amid freezing temperatures, raising the prospect of another market squeeze.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?UK day-ahead power prices are at £392

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