Lending Rates Remain Elevated
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Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
U.S.-Japanese Rate Differential Is Too Large for Yen to Escape Hit
The interest-rate differential between the U.S. and Japan is too large to overcome to ease pressure on the yen, SEI said.The Wall Street Journal - World -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
Don't rate Tesla's Full Self Driving too highly, tech investor says: 'By no means autonomous driving'
A top fund manager focusing on tech says Tesla's Full Self Driving product lacks qualities that would make it an example of truly "self-driving" technology.CNBC - Business -
German 10-Year Bund Yields Seen Finding New Range Above 2.5%
German Bunds seem to be establishing a new range above the 2.5% yield level in the 10-year maturity, with moves higher in yields offering entry opportunities to investors, Commerzbank Research said.The Wall Street Journal - World - Germany