RBA defies expectations with rate hike, may still require further tightening In a surprising move, RBA raises cash rate target by 25bps to 3.85%, contrary to market expectations of a hold. Nevertheless, RBA softened its tightening bias, stating, “some further tightening of monetary policy may be required,” depending on “how the economy and inflation evolve.”…
Let’s Talk about Foreign Exchange and You EUR/USD, GBP/USD, USD/CAD, AUD/USD – What’s the Buzz? So, you might have heard some chatter about foreign exchange rates lately. Here’s the lowdown – EUR/USD is currently at 1.0960 with a notable amount of money in play, GBP/USD is dancing around 1.2300, USD/CAD is sitting at 1.3750, and…
The Impact of Trailbreaker Resources Ltd.’s Private Placement Approval Trailbreaker Resources Ltd. Files for Approval for Private Placement VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) — Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) today announces that the Company has filed for approval from the TSX Venture Exchange (the “Exchange”) to close its non-brokered…
Insight from RBNZ: Financial Distress Not Widespread Among Households or Businesses Resilience in Household Balance Sheets The recent Financial Stability Report released by the Reserve Bank of New Zealand (RBNZ) has shed light on the financial well-being of households and businesses in the country. According to the report, debt servicing costs for households with mortgages…
Buying and Building: Russia’s Foreign Currency Reserves What Bloomberg’s Economists Have to Say Russia’s Plan to Resume Buying Foreign Currency According to Bloomberg’s in-house economists, Russia is gearing up to resume buying foreign currency for its reserves as soon as this month. The economists predict that the initial volumes of FX purchases will be small…
One Meow-nificent Night at the Met Gala By Ben Kellerman NEW YORK (Reuters) – An unforgettable evening full of feline fashion and fierce celebrities An enormous fluffy, white, blue-eyed Burmese cat mascot ascended the Metropolitan Museum of Art steps on Monday in homage to Karl Lagerfeld’s beloved pet “Choupette,” who later revealed himself as actor…
Uganda’s Anti-Gay Legislation: A Maddow-Approved Update The Backstory On Monday, MSNBC’s Rachel Maddow revisited a disturbing event from 2009 in which Republican lawmakers from the United States traveled to Uganda under the guise of being experts on sexual orientation. During their visit, they advocated for a zero-tolerance approach to homosexuality in the country, citing it…
A New Chapter for Southwest Airlines Meteorologists Exciting News from Southwest Airlines DALLAS, May 1, 2023 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) announced today its TWU 550-represented Meteorologists voted to ratify a new, five-year agreement. It is the sixth collective bargaining agreement that Southwest® and its union partners have ratified since October 2022. “Our…
