Introduction In a significant development for the financial sector, JPMorgan, Wells Fargo, Goldman Sachs, and Morgan Stanley have recently announced plans to increase their quarterly dividends. These dividend hikes reflect the banks’ robust financial positions and confidence in their ability to generate sustainable profits. This article delves into the details
Philippine Finance Secretary Foresees Interest Rate Stability Philippine Finance Secretary Benjamin Diokno, who also serves as a policymaker in the country’s central bank, has expressed his expectation for a “long pause” in raising interest rates. He believes that the central bank will maintain steady interest rates as inflation is anticipated
The United States witnessed a deceleration in business activity during early June, with the slowest pace of expansion observed in three months. This underperformance can be attributed to a more pronounced contraction within the manufacturing sector. The downturn in manufacturing activity raises concerns about the overall health of the US
China’s economy has been showing signs of losing momentum in its post-pandemic recovery, prompting the People’s Bank of China to take action. In an attempt to stimulate the economy, the central bank has recently cut its benchmark lending rates. Concurrently, e-commerce giant Alibaba has announced significant changes at the board
European shares started the day with little change as investors awaited the U.S. Federal Reserve’s decision on interest rates, which was widely anticipated to result in a pause in rate hikes. Concurrently, Entain, the owner of Ladbrokes, experienced a significant drop in share prices following its announcement of a major
Bank Indonesia (BI) Governor Perry Warjiyo has announced that the central bank will intervene in the currency market to address the impact of market uncertainty linked to the closure of some U.S. banks and problems at Credit Suisse. Speaking after a second straight meeting where interest rates were left unchanged,
Inflation is a term that refers to the increase in prices of goods and services over time. It is a natural phenomenon that occurs in most economies around the world. While inflation can have some positive effects on the economy, such as promoting growth and increasing wages, it can also