OCBC Bank
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ocbc buyers fight back from the shortists
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4141-4160 of 4600
https://www.marketindex.com.au/news/anz-shares-tumble-as-full-year-profit-misses-expectations
https://www.asx.com.au/markets/company/ANZ
https://www.investing.com/currencies/sgd-aud
chartistkao1 ( Date: 14-Nov-2023 14:25) Posted:
https://www.investing.com/news/economy/commonwealth-bank-of-australia-posts-flat-firstquarter-profit-3232953
https://www.marketindex.com.au/asx/cba
https://www.investing.com/news/economy/commonwealth-bank-of-australia-posts-flat-firstquarter-profit-3232953
sgdaud 1.153
chartistkao1 ( Date: 14-Nov-2023 10:00) Posted:
The average hedge fund lost 18 percent of its value in 2008, the industry' s worst performance on record and down from an average gain of 9.96 percent in 2007, according to Hedge Fund Research. The only other negative year on record was in 2002. But even then, funds only lost an average of 1.45 percent.12 Jan 2009
https://www.cbsnews.com/news/hedge-funds-took-a-serious-hit-in-2008/
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https://www.investing.com/news/economy/commonwealth-bank-of-australia-posts-flat-firstquarter-profit-3232953
https://www.marketindex.com.au/asx/cba
https://www.investing.com/news/economy/commonwealth-bank-of-australia-posts-flat-firstquarter-profit-3232953
sgdaud 1.153
chartistkao1 ( Date: 14-Nov-2023 10:00) Posted:
The average hedge fund lost 18 percent of its value in 2008, the industry' s worst performance on record and down from an average gain of 9.96 percent in 2007, according to Hedge Fund Research. The only other negative year on record was in 2002. But even then, funds only lost an average of 1.45 percent.12 Jan 2009
https://www.cbsnews.com/news/hedge-funds-took-a-serious-hit-in-2008/
chartistkao1 ( Date: 14-Nov-2023 09:58) Posted:
| https://www.businessinsider.com/asian-hedge-funds-2011-5#12-income-partners-asset-management-hong-kong- |
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The average hedge fund lost 18 percent of its value in 2008, the industry' s worst performance on record and down from an average gain of 9.96 percent in 2007, according to Hedge Fund Research. The only other negative year on record was in 2002. But even then, funds only lost an average of 1.45 percent.12 Jan 2009
https://www.cbsnews.com/news/hedge-funds-took-a-serious-hit-in-2008/
chartistkao1 ( Date: 14-Nov-2023 09:58) Posted:
https://www.businessinsider.com/asian-hedge-funds-2011-5#12-income-partners-asset-management-hong-kong-4
chartistkao1 ( Date: 14-Nov-2023 09:54) Posted:
As of December 2022, Singapore is the second-largest hedge fund centre in Asia, after Hong Kong which boasts a 44% market share. There are currently over 300 hedge funds registered in Singapore with assets under management of over US$210 billion.
will they get hit liked in 2009
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https://www.businessinsider.com/asian-hedge-funds-2011-5#12-income-partners-asset-management-hong-kong-4
chartistkao1 ( Date: 14-Nov-2023 09:54) Posted:
As of December 2022, Singapore is the second-largest hedge fund centre in Asia, after Hong Kong which boasts a 44% market share. There are currently over 300 hedge funds registered in Singapore with assets under management of over US$210 billion.
will they get hit liked in 2009
chartistkao1 ( Date: 14-Nov-2023 09:51) Posted:
https://finance.yahoo.com/quote/O39.SI/history?period1=946857600& period2=1699920000& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.cnbc.com/2023/10/12/bank-earnings-kick-off-after-another-period-of-rising-rates-bad-loans.html
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As of December 2022, Singapore is the
second-largest hedge fund centre in Asia, after Hong Kong which boasts a 44% market share. There are currently over 300 hedge funds registered in Singapore with assets under management of over US$210 billion.
will they get hit liked in 2009
chartistkao1 ( Date: 14-Nov-2023 09:51) Posted:
https://finance.yahoo.com/quote/O39.SI/history?period1=946857600& period2=1699920000& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.cnbc.com/2023/10/12/bank-earnings-kick-off-after-another-period-of-rising-rates-bad-loans.html
chartistkao1 ( Date: 14-Nov-2023 09:42) Posted:
https://insight.factset.com/bank-stocks-down-ma-flat-credit-costs-rising
will the ocbc yield in 2024 at 7% if price $12.93
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https://finance.yahoo.com/quote/O39.SI/history?period1=946857600& period2=1699920000& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.cnbc.com/2023/10/12/bank-earnings-kick-off-after-another-period-of-rising-rates-bad-loans.html
chartistkao1 ( Date: 14-Nov-2023 09:42) Posted:
https://insight.factset.com/bank-stocks-down-ma-flat-credit-costs-rising
will the ocbc yield in 2024 at 7% if price $12.93
chartistkao1 ( Date: 14-Nov-2023 09:37) Posted:
will ocbc buy back its share before dec2023 after
Amid the obstacles crimping results, the KBW Bank Index has lost 23% this year, with Bank of America' s 18% drop the steepest among the four largest firms. New York-based JPMorgan is up 8.6% this year, the only one in the group showing a gain.11 Oct 2023
https://sg.finance.yahoo.com/news/hedge-funds-short-us-financial-222040367.html
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https://insight.factset.com/bank-stocks-down-ma-flat-credit-costs-rising
will the ocbc yield in 2024 at 7% if price $12.93
chartistkao1 ( Date: 14-Nov-2023 09:37) Posted:
will ocbc buy back its share before dec2023 after
Amid the obstacles crimping results, the KBW Bank Index has lost 23% this year, with Bank of America' s 18% drop the steepest among the four largest firms. New York-based JPMorgan is up 8.6% this year, the only one in the group showing a gain.11 Oct 2023
https://sg.finance.yahoo.com/news/hedge-funds-short-us-financial-222040367.html
chartistkao1 ( Date: 14-Nov-2023 09:13) Posted:
| how much will you get for may 2024 ocbc yield if brought ocbc at $12.98 on 14/11/2023 4 days beofre us threathen to close down its business again
https://www.dividends.sg/view/o39
https://www.ocbc.com/group/media/release/2023/ocbc-group-third-quarter-2023-net-profit-rose-21percent-from-the-previous-year-to-1point81-billion.page?
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will ocbc buy back its share before dec2023 after
Amid the obstacles crimping results, the KBW Bank Index has lost 23% this year, with Bank of America' s 18% drop the steepest among the four largest firms. New York-based JPMorgan is up 8.6% this year, the only one in the group showing a gain.11 Oct 2023
https://sg.finance.yahoo.com/news/hedge-funds-short-us-financial-222040367.html
chartistkao1 ( Date: 14-Nov-2023 09:13) Posted:
| how much will you get for may 2024 ocbc yield if brought ocbc at $12.98 on 14/11/2023 4 days beofre us threathen to close down its business again
https://www.dividends.sg/view/o39
https://www.ocbc.com/group/media/release/2023/ocbc-group-third-quarter-2023-net-profit-rose-21percent-from-the-previous-year-to-1point81-billion.page?
chartistkao1 ( Date: 14-Nov-2023 09:04) Posted:
https://investors.sgx.com/securities/stocks?security=O39
usdsgd1.3591
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how much will you get for may 2024 ocbc yield if brought ocbc at $12.98 on 14/11/2023 4 days beofre us threathen to close down its business again
https://www.dividends.sg/view/o39
https://www.ocbc.com/group/media/release/2023/ocbc-group-third-quarter-2023-net-profit-rose-21percent-from-the-previous-year-to-1point81-billion.page?
chartistkao1 ( Date: 14-Nov-2023 09:04) Posted:
https://investors.sgx.com/securities/stocks?security=O39
usdsgd1.3591
chartistkao1 ( Date: 10-Nov-2023 16:55) Posted:
Ransomware attack on ICBC disrupts trades in US Treasury market
Chinese bank says it has contained a hack that affected some fixed income and equities transactionsPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T& Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/8dd2446b-c8da-4854-9edc-bf841069ccb8
A ransomware attack on the financial services arm of China&rsquo s largest bank has disrupted the US Treasury market by forcing clients of the Industrial and Commercial Bank of China to reroute trades, market participants said on Thursday. The Securities Industry and Financial Markets Association first told members on Wednesday that ICBC Financial Services had been hit by ransomware software, which paralyses computer systems unless a payment is made, several people familiar with the discussions said. The attack prevented ICBC FS from settling Treasury trades on behalf of other market participants, according to traders and banks, with some equity trades also affected. Market participants including hedge funds and asset managers rerouted trades because of the disruption and the attack had some effect on Treasury market liquidity, according to trading sources, but it was not impairing the market&rsquo s overall functioning. A notice on ICBC FS&rsquo s website on Thursday evening confirmed that it had &ldquo experienced a ransomware attack that resulted in disruption to certain [financial services] systems&rdquo starting on Wednesday. ICBC FS said it had contained the incident by disconnecting and isolating affected systems, adding that it was &ldquo conducting a thorough investigation and&thinsp .&thinsp .&thinsp . progressing its recovery efforts&rdquo with the help of information security experts. It had successfully cleared US Treasury trades executed on Wednesday and repo financing trades done on Thursday, the notice said. ICBC FS operates independently from ICBC in China, it added, and neither the head office nor the New York branch of ICBC itself were affected. A Treasury department spokesperson said: &ldquo We are aware of the cyber security issue and are in regular contact with key financial sector participants, in addition to federal regulators. We continue to monitor the situation.&rdquo &ldquo This is a large party on [the Fixed Income Clearing Corporation], so [it is] certainly of major concern, and potentially impacting liquidity of US Treasuries,&rdquo said an executive at a large bank that clears US Treasuries. The Fixed Income Clearing Corporation handles the settlement and clearing of US Treasury trades. Still, other Treasury market experts noted that traders often have relationships with several banks, so trades were successfully rerouted elsewhere and executed. &ldquo Everybody has a back-up for clearing in these situations,&rdquo said Kevin McPartland, head of market structure and technology research at Coalition Greenwich. Yields on Treasury bonds rose sharply on Thursday afternoon, after a particularly poor auction for 30-year bonds. The 30-year yield rose by 0.12 percentage points to 4.78 per cent. It was unclear whether the auction was affected by the attack on ICBC FS. Shares in ICBC fell 0.5 per cent in Hong Kong on Friday. The company&rsquo s notice said it had reported the incident to law enforcement. Ransomware attacks have proliferated since the coronavirus pandemic, in part as remote working has left businesses more vulnerable and as cyber criminal groups have become more organised. It was, however, &ldquo extremely unusual for a bank of [ICBC FS&rsquo s] size to be impacted like this&rdquo , said Allan Liska, threat intelligence analyst at cyber security company Recorded Future, noting that the financial sector invests more in guarding against cyber attacks than any other industry. Recommended Gillian Tett Boardroom woes on ransomware intensify Efi Chalikopoulou illustration of dollar signs appearing on laptop screens The attack was carried out using LockBit 3.0 software, according to two sources. The software was developed by LockBit, which has become one of the most high-profile criminal cyber groups, conducting debilitating attacks on targets such as ION, the City of London and the Royal Mail. The group, believed to operate out of Russia and eastern Europe, also rents out its software to affiliates, a model known as RaaS, or ransomware as a service. It was unclear if Thursday&rsquo s hack was carried out by the criminal group or one of its customers. Earlier on Thursday, Allen & Overy confirmed it was hit by a ransomware attack on its servers. The &ldquo magic circle&rdquo law firm said it was investigating the impact of the attack and informing affected clients. Additional reporting by Stephen Gandel in New York Sign up to the Markets afternoon briefing newsletter, every weekday Copyright The Financial Times Limited 2023. All rights reserved. Lates
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https://investors.sgx.com/securities/stocks?security=O39
usdsgd1.3591
chartistkao1 ( Date: 10-Nov-2023 16:55) Posted:
Ransomware attack on ICBC disrupts trades in US Treasury market
Chinese bank says it has contained a hack that affected some fixed income and equities transactionsPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T& Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/8dd2446b-c8da-4854-9edc-bf841069ccb8
A ransomware attack on the financial services arm of China&rsquo s largest bank has disrupted the US Treasury market by forcing clients of the Industrial and Commercial Bank of China to reroute trades, market participants said on Thursday. The Securities Industry and Financial Markets Association first told members on Wednesday that ICBC Financial Services had been hit by ransomware software, which paralyses computer systems unless a payment is made, several people familiar with the discussions said. The attack prevented ICBC FS from settling Treasury trades on behalf of other market participants, according to traders and banks, with some equity trades also affected. Market participants including hedge funds and asset managers rerouted trades because of the disruption and the attack had some effect on Treasury market liquidity, according to trading sources, but it was not impairing the market&rsquo s overall functioning. A notice on ICBC FS&rsquo s website on Thursday evening confirmed that it had &ldquo experienced a ransomware attack that resulted in disruption to certain [financial services] systems&rdquo starting on Wednesday. ICBC FS said it had contained the incident by disconnecting and isolating affected systems, adding that it was &ldquo conducting a thorough investigation and&thinsp .&thinsp .&thinsp . progressing its recovery efforts&rdquo with the help of information security experts. It had successfully cleared US Treasury trades executed on Wednesday and repo financing trades done on Thursday, the notice said. ICBC FS operates independently from ICBC in China, it added, and neither the head office nor the New York branch of ICBC itself were affected. A Treasury department spokesperson said: &ldquo We are aware of the cyber security issue and are in regular contact with key financial sector participants, in addition to federal regulators. We continue to monitor the situation.&rdquo &ldquo This is a large party on [the Fixed Income Clearing Corporation], so [it is] certainly of major concern, and potentially impacting liquidity of US Treasuries,&rdquo said an executive at a large bank that clears US Treasuries. The Fixed Income Clearing Corporation handles the settlement and clearing of US Treasury trades. Still, other Treasury market experts noted that traders often have relationships with several banks, so trades were successfully rerouted elsewhere and executed. &ldquo Everybody has a back-up for clearing in these situations,&rdquo said Kevin McPartland, head of market structure and technology research at Coalition Greenwich. Yields on Treasury bonds rose sharply on Thursday afternoon, after a particularly poor auction for 30-year bonds. The 30-year yield rose by 0.12 percentage points to 4.78 per cent. It was unclear whether the auction was affected by the attack on ICBC FS. Shares in ICBC fell 0.5 per cent in Hong Kong on Friday. The company&rsquo s notice said it had reported the incident to law enforcement. Ransomware attacks have proliferated since the coronavirus pandemic, in part as remote working has left businesses more vulnerable and as cyber criminal groups have become more organised. It was, however, &ldquo extremely unusual for a bank of [ICBC FS&rsquo s] size to be impacted like this&rdquo , said Allan Liska, threat intelligence analyst at cyber security company Recorded Future, noting that the financial sector invests more in guarding against cyber attacks than any other industry. Recommended Gillian Tett Boardroom woes on ransomware intensify Efi Chalikopoulou illustration of dollar signs appearing on laptop screens The attack was carried out using LockBit 3.0 software, according to two sources. The software was developed by LockBit, which has become one of the most high-profile criminal cyber groups, conducting debilitating attacks on targets such as ION, the City of London and the Royal Mail. The group, believed to operate out of Russia and eastern Europe, also rents out its software to affiliates, a model known as RaaS, or ransomware as a service. It was unclear if Thursday&rsquo s hack was carried out by the criminal group or one of its customers. Earlier on Thursday, Allen & Overy confirmed it was hit by a ransomware attack on its servers. The &ldquo magic circle&rdquo law firm said it was investigating the impact of the attack and informing affected clients. Additional reporting by Stephen Gandel in New York Sign up to the Markets afternoon briefing newsletter, every weekday Copyright The Financial Times Limited 2023. All rights reserved. Lates
chartistkao1 ( Date: 10-Nov-2023 16:48) Posted:
Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Nov. 9, 2023 5:30 am ET|WSJ Pro
Austan Goolsbee, Chicago Fed president, says how long to hold rates at the current level could be shaped by whether external shocks hit the economy. Photo: David Paul Morris/Bloomberg News
A Federal Reserve official said the central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don&rsquo t slow the economy more than expected over the coming year.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in an interview Wednesday the recent run-up of longer-term borrowing costs could become more important as the central bank shifts its focus from how high to raise interest rates and toward how long to hold them near a 22-year high.
&ldquo The historical evidence suggests that long rates, even more than short rates, have a very substantial effect on real economic performance in a number of predictable areas&mdash construction, investment, consumer durables,&rdquo he said. &ldquo If that is sustained, the Fed will have to think about the tightening impact of those credit conditions on economic performance, and would there be dangers of overshooting.&rdquo
Over the past two years, Fed officials raised rates at the most rapid pace in decades&mdash most recently in July&mdash to bring inflation under control. They have held rates steady since then, including at their meeting last week, as price pressures eased.
The Labor Department last week reported that the unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent month
Meanwhile, stronger economic growth helped push yields on the 10-year Treasury note to around 5% last month, from 4% in early August. Yields have since partially retreated, to about 4.5%, after last week&rsquo s employment report.
Goolsbee said he is still optimistic that the economy can stay on a so-called golden path in which inflation declines closer to the Fed&rsquo s 2% target without a significant rise in unemployment. But the question of how long to hold rates at their current level could be shaped by whether the economy is hit by external shocks, he said.
SHARE YOUR THOUGHTS
Should the Fed extend the pause in rate increases? Why or why not? Join the conversation below.
&ldquo I would like us to collectively pay attention to external shocks at moments like this, as opposed to arguing about&rdquo whether stronger job gains will derail efforts to bring down inflation, he said. &ldquo It&rsquo s possible to pull off a &lsquo golden path&rsquo landing so long as the external shocks aren&rsquo t bigger and unexpected in a way that throws us off.&rdquo
Goolsbee, who is a voting member of the Fed&rsquo s rate-setting committee this year, said it was too soon to say whether or when the central bank would turn its focus to lowering rates. Charting the course of interest rates after a historically rapid series of increases over the past two years &ldquo will involve art as well as science,&rdquo he said.
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Ransomware attack on ICBC disrupts trades in US Treasury market
Chinese bank says it has contained a hack that affected some fixed income and equities transactionsPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of
FT.com T& Cs and
Copyright Policy. Email
[email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be
found here.
https://www.ft.com/content/8dd2446b-c8da-4854-9edc-bf841069ccb8
A ransomware attack on the financial services arm of China&rsquo s largest bank has disrupted the US Treasury market by forcing clients of the Industrial and Commercial Bank of China to reroute trades, market participants said on Thursday. The Securities Industry and Financial Markets Association first told members on Wednesday that ICBC Financial Services had been hit by ransomware software, which paralyses computer systems unless a payment is made, several people familiar with the discussions said. The attack prevented ICBC FS from settling Treasury trades on behalf of other market participants, according to traders and banks, with some equity trades also affected. Market participants including hedge funds and asset managers rerouted trades because of the disruption and the attack had some effect on Treasury market liquidity, according to trading sources, but it was not impairing the market&rsquo s overall functioning. A notice on ICBC FS&rsquo s website on Thursday evening confirmed that it had &ldquo experienced a ransomware attack that resulted in disruption to certain [financial services] systems&rdquo starting on Wednesday. ICBC FS said it had contained the incident by disconnecting and isolating affected systems, adding that it was &ldquo conducting a thorough investigation and&thinsp .&thinsp .&thinsp . progressing its recovery efforts&rdquo with the help of information security experts. It had successfully cleared US Treasury trades executed on Wednesday and repo financing trades done on Thursday, the notice said. ICBC FS operates independently from ICBC in China, it added, and neither the head office nor the New York branch of ICBC itself were affected. A Treasury department spokesperson said: &ldquo We are aware of the cyber security issue and are in regular contact with key financial sector participants, in addition to federal regulators. We continue to monitor the situation.&rdquo &ldquo This is a large party on [the Fixed Income Clearing Corporation], so [it is] certainly of major concern, and potentially impacting liquidity of US Treasuries,&rdquo said an executive at a large bank that clears US Treasuries. The Fixed Income Clearing Corporation handles the settlement and clearing of US Treasury trades. Still, other Treasury market experts noted that traders often have relationships with several banks, so trades were successfully rerouted elsewhere and executed. &ldquo Everybody has a back-up for clearing in these situations,&rdquo said Kevin McPartland, head of market structure and technology research at Coalition Greenwich. Yields on Treasury bonds rose sharply on Thursday afternoon, after a particularly poor auction for 30-year bonds. The 30-year yield rose by 0.12 percentage points to 4.78 per cent. It was unclear whether the auction was affected by the attack on ICBC FS. Shares in ICBC fell 0.5 per cent in Hong Kong on Friday. The company&rsquo s notice said it had reported the incident to law enforcement. Ransomware attacks have proliferated since the coronavirus pandemic, in part as remote working has left businesses more vulnerable and as cyber criminal groups have become more organised. It was, however, &ldquo extremely unusual for a bank of [ICBC FS&rsquo s] size to be impacted like this&rdquo , said Allan Liska, threat intelligence analyst at cyber security company Recorded Future, noting that the financial sector invests more in guarding against cyber attacks than any other industry. Recommended Gillian Tett Boardroom woes on ransomware intensify Efi Chalikopoulou illustration of dollar signs appearing on laptop screens The attack was carried out using LockBit 3.0 software, according to two sources. The software was developed by LockBit, which has become one of the most high-profile criminal cyber groups, conducting debilitating attacks on targets such as ION, the City of London and the Royal Mail. The group, believed to operate out of Russia and eastern Europe, also rents out its software to affiliates, a model known as RaaS, or ransomware as a service. It was unclear if Thursday&rsquo s hack was carried out by the criminal group or one of its customers. Earlier on Thursday, Allen & Overy confirmed it was hit by a ransomware attack on its servers. The &ldquo magic circle&rdquo law firm said it was investigating the impact of the attack and informing affected clients. Additional reporting by Stephen Gandel in New York Sign up to the Markets afternoon briefing newsletter, every weekday Copyright The Financial Times Limited 2023. All rights reserved. Lates
chartistkao1 ( Date: 10-Nov-2023 16:48) Posted:
Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Nov. 9, 2023 5:30 am ET|WSJ Pro
Austan Goolsbee, Chicago Fed president, says how long to hold rates at the current level could be shaped by whether external shocks hit the economy. Photo: David Paul Morris/Bloomberg News
A Federal Reserve official said the central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don&rsquo t slow the economy more than expected over the coming year.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in an interview Wednesday the recent run-up of longer-term borrowing costs could become more important as the central bank shifts its focus from how high to raise interest rates and toward how long to hold them near a 22-year high.
&ldquo The historical evidence suggests that long rates, even more than short rates, have a very substantial effect on real economic performance in a number of predictable areas&mdash construction, investment, consumer durables,&rdquo he said. &ldquo If that is sustained, the Fed will have to think about the tightening impact of those credit conditions on economic performance, and would there be dangers of overshooting.&rdquo
Over the past two years, Fed officials raised rates at the most rapid pace in decades&mdash most recently in July&mdash to bring inflation under control. They have held rates steady since then, including at their meeting last week, as price pressures eased.
The Labor Department last week reported that the unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent month
Meanwhile, stronger economic growth helped push yields on the 10-year Treasury note to around 5% last month, from 4% in early August. Yields have since partially retreated, to about 4.5%, after last week&rsquo s employment report.
Goolsbee said he is still optimistic that the economy can stay on a so-called golden path in which inflation declines closer to the Fed&rsquo s 2% target without a significant rise in unemployment. But the question of how long to hold rates at their current level could be shaped by whether the economy is hit by external shocks, he said.
SHARE YOUR THOUGHTS
Should the Fed extend the pause in rate increases? Why or why not? Join the conversation below.
&ldquo I would like us to collectively pay attention to external shocks at moments like this, as opposed to arguing about&rdquo whether stronger job gains will derail efforts to bring down inflation, he said. &ldquo It&rsquo s possible to pull off a &lsquo golden path&rsquo landing so long as the external shocks aren&rsquo t bigger and unexpected in a way that throws us off.&rdquo
Goolsbee, who is a voting member of the Fed&rsquo s rate-setting committee this year, said it was too soon to say whether or when the central bank would turn its focus to lowering rates. Charting the course of interest rates after a historically rapid series of increases over the past two years &ldquo will involve art as well as science,&rdquo he said.
chartistkao1 ( Date: 10-Nov-2023 16:46) Posted:
Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he said.
In his prepared remarks for a conference at the International Monetary Fund, Powell said the central bank was &ldquo not confident&rdquo that it had raised rates high enough to lower inflation to its 2% goal in the next two or three years.
But during a question-and-answer session, Powell allowed that inflation-adjusted interest rates were high. &ldquo We&rsquo re in the place where we have restrictive policy, and probably significantly restrictive policy, and we&rsquo re watching the effect carefully on the economy,&rdquo he said.
The Labor Department last week reported that the unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent months.
Meanwhile, price pressures have cooled this year. Core inflation, which excludes volatile food and energy prices, has fallen this year to a 2.8% annualized rate over the April-to-September period, according to the Commerce Department. That is down from a recent peak of 5.6% last year.
SHARE YOUR THOUGHTS
Do you think the Fed is done raising rates? Why or why not? Join the conversation below.
Powell said officials were gratified by that progress but expected the process of lowering inflation sustainably to 2% wouldn&rsquo t be easy. The U.S. has reaped significant benefits this year from an easing in supply bottlenecks and an increase in the number of people seeking jobs, which had sustained steady growth and falling inflation.
The Fed chair cautioned that continuing to bring down inflation could be harder if those supply-side tailwinds had run their course. &ldquo We know that ongoing progress toward our 2% goal is not assured,&rdquo he said.
the US economy could crashed if rates stayed so high for one year in 2024
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Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can &lsquo have a very substantial effect on real economic performance,&rsquo the Chicago Fed president says
Nov. 9, 2023 5:30 am ET|WSJ Pro
Austan Goolsbee, Chicago Fed president, says how long to hold rates at the current level could be shaped by whether external shocks hit the economy. Photo: David Paul Morris/Bloomberg News
A Federal Reserve official said the central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don&rsquo t slow the economy more than expected over the coming year.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in an interview Wednesday the recent run-up of longer-term borrowing costs could become more important as the central bank shifts its focus from how high to raise interest rates and toward how long to hold them near a 22-year high.
&ldquo The historical evidence suggests that long rates, even more than short rates, have a very substantial effect on real economic performance in a number of predictable areas&mdash construction, investment, consumer durables,&rdquo he said. &ldquo If that is sustained, the Fed will have to think about the tightening impact of those credit conditions on economic performance, and would there be dangers of overshooting.&rdquo
Over the past two years,
Fed officials raised rates at the most rapid pace in decades&mdash most recently in July&mdash to bring inflation under control. They have held rates steady since then,
including at their meeting last week, as price pressures eased.
The Labor Department last week reported that the
unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent month
Meanwhile, stronger economic growth helped
push yields on the 10-year Treasury note to around 5% last month, from 4% in early August. Yields have since partially retreated, to about 4.5%, after last week&rsquo s employment report.
Goolsbee said he is still optimistic that the economy can stay on a so-called golden path in which inflation declines closer to the Fed&rsquo s 2% target without a significant rise in unemployment. But the question of how long to hold rates at their current level could be shaped by whether the economy is hit by external shocks, he said.
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Should the Fed extend the pause in rate increases? Why or why not? Join the conversation below.
&ldquo I would like us to collectively pay attention to external shocks at moments like this, as opposed to arguing about&rdquo
whether stronger job gains will derail efforts to bring down inflation, he said. &ldquo It&rsquo s possible to pull off a &lsquo golden path&rsquo landing so long as the external shocks aren&rsquo t bigger and unexpected in a way that throws us off.&rdquo
Goolsbee, who is a voting member of the Fed&rsquo s rate-setting committee this year, said it was too soon to say whether or when the central bank would turn its focus to lowering rates. Charting the course of interest rates after a historically rapid series of increases over the past two years &ldquo will involve art as well as science,&rdquo he said.
chartistkao1 ( Date: 10-Nov-2023 16:46) Posted:
Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he said.
In his prepared remarks for a conference at the International Monetary Fund, Powell said the central bank was &ldquo not confident&rdquo that it had raised rates high enough to lower inflation to its 2% goal in the next two or three years.
But during a question-and-answer session, Powell allowed that inflation-adjusted interest rates were high. &ldquo We&rsquo re in the place where we have restrictive policy, and probably significantly restrictive policy, and we&rsquo re watching the effect carefully on the economy,&rdquo he said.
The Labor Department last week reported that the unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent months.
Meanwhile, price pressures have cooled this year. Core inflation, which excludes volatile food and energy prices, has fallen this year to a 2.8% annualized rate over the April-to-September period, according to the Commerce Department. That is down from a recent peak of 5.6% last year.
SHARE YOUR THOUGHTS
Do you think the Fed is done raising rates? Why or why not? Join the conversation below.
Powell said officials were gratified by that progress but expected the process of lowering inflation sustainably to 2% wouldn&rsquo t be easy. The U.S. has reaped significant benefits this year from an easing in supply bottlenecks and an increase in the number of people seeking jobs, which had sustained steady growth and falling inflation.
The Fed chair cautioned that continuing to bring down inflation could be harder if those supply-side tailwinds had run their course. &ldquo We know that ongoing progress toward our 2% goal is not assured,&rdquo he said.
the US economy could crashed if rates stayed so high for one year in 2024
chartistkao1 ( Date: 10-Nov-2023 16:44) Posted:
ocbc share was shorted after
Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
Fed chair didn&rsquo t build case to hike rates now but wouldn&rsquo t close door to raising them later
Fed Chair Jerome Powell indicated the central bank wouldn&rsquo t declare an end to its historic interest-rate increases until it had more evidence that inflation was cooling.
Price and wage pressures have eased recently, leading more investors to think the Fed is done raising rates. Powell disappointed those investors in a speech Thursday by explaining why he thinks the Fed is more likely to tighten policy than ease it if any change is warranted.
While Powell didn&rsquo t build a case for lifting rates now, he pointed to earlier inflation &ldquo head fakes,&rdquo past episodes in which price pressures ebbed for a while before surprising Fed officials by picking up again. He said they would monitor economic conditions closely to avoid both the risk of having been &ldquo misled by a few good months of data,&rdquo as well as the risk of having raised rates too high, Powell said.
The Fed has raised interest rates this year to a 22-year high to combat inflation by slowing economic activity. Officials extended a pause in rate increases at their meeting last week, marking the first time since they began raising rates in March 2022 that they held them steady at consecutive policy meetings. Their next meeting is Dec. 12-13.
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Central Banking
Central banking news, analysis and insights from WSJ' s global team of reporters and editors.
Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he
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Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he said.
In his prepared remarks for a conference at the International Monetary Fund, Powell said the central bank was &ldquo not confident&rdquo that it had raised rates high enough to lower inflation to its 2% goal in the next two or three years.
But during a question-and-answer session, Powell allowed that inflation-adjusted interest rates were high. &ldquo We&rsquo re in the place where we have restrictive policy, and probably significantly restrictive policy, and we&rsquo re watching the effect carefully on the economy,&rdquo he said.
The Labor Department last week reported that the unemployment rate ticked up to 3.9% in October from 3.8% in September and from a recent low of 3.4% in April, a sign that demand for workers, while still strong, has eased in recent months.
Meanwhile,
price pressures have cooled this year. Core inflation, which excludes volatile food and energy prices, has fallen this year to a 2.8% annualized rate over the April-to-September period, according to the Commerce Department. That is down from a recent peak of 5.6% last year.
SHARE YOUR THOUGHTS
Do you think the Fed is done raising rates? Why or why not? Join the conversation below.
Powell said officials were gratified by that progress but expected the process of lowering inflation sustainably to 2% wouldn&rsquo t be easy. The U.S. has reaped significant benefits this year from an easing in supply bottlenecks and an increase in the number of people seeking jobs, which had sustained steady growth and falling inflation.
The Fed chair cautioned that continuing to bring down inflation could be harder if those supply-side tailwinds had run their course. &ldquo We know that ongoing progress toward our 2% goal is not assured,&rdquo he said.
the US economy could crashed if rates stayed so high for one year in 2024
chartistkao1 ( Date: 10-Nov-2023 16:44) Posted:
ocbc share was shorted after
Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
Fed chair didn&rsquo t build case to hike rates now but wouldn&rsquo t close door to raising them later
Fed Chair Jerome Powell indicated the central bank wouldn&rsquo t declare an end to its historic interest-rate increases until it had more evidence that inflation was cooling.
Price and wage pressures have eased recently, leading more investors to think the Fed is done raising rates. Powell disappointed those investors in a speech Thursday by explaining why he thinks the Fed is more likely to tighten policy than ease it if any change is warranted.
While Powell didn&rsquo t build a case for lifting rates now, he pointed to earlier inflation &ldquo head fakes,&rdquo past episodes in which price pressures ebbed for a while before surprising Fed officials by picking up again. He said they would monitor economic conditions closely to avoid both the risk of having been &ldquo misled by a few good months of data,&rdquo as well as the risk of having raised rates too high, Powell said.
The Fed has raised interest rates this year to a 22-year high to combat inflation by slowing economic activity. Officials extended a pause in rate increases at their meeting last week, marking the first time since they began raising rates in March 2022 that they held them steady at consecutive policy meetings. Their next meeting is Dec. 12-13.
Newsletter Sign-up
Central Banking
Central banking news, analysis and insights from WSJ' s global team of reporters and editors.
Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he
chartistkao1 ( Date: 10-Nov-2023 10:37) Posted:
| high dividend yield stock of 6.2% at $13.02
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Press_Release.ashx?App=Announcement& FileID=777738
https://links.sgx.com/FileOpen/OCBC_3Q23_CEO_Presentation.ashx?App=Announcement& FileID=777739
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Highlights.ashx?App=Announcement& FileID=777740
2024 dividend will be much huigher than 2023 dividend based on the results
https://www.straitstimes.com/business/ocbc-q3-profit-up-21-to-181-billion-amid-record-net-interest-income
https://www.dividends.sg/view/o39
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ocbc share was shorted after
Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
Fed chair didn&rsquo t build case to hike rates now but wouldn&rsquo t close door to raising them later
Fed Chair Jerome Powell indicated the central bank wouldn&rsquo t declare an end to its historic interest-rate increases until it had more evidence that inflation was cooling.
Price and wage pressures have eased recently, leading more investors to think the Fed is done raising rates. Powell disappointed those investors in a speech Thursday by explaining why he thinks the Fed is more likely to tighten policy than ease it if any change is warranted.
While Powell didn&rsquo t build a case for lifting rates now, he pointed to earlier inflation &ldquo head fakes,&rdquo past episodes in which price pressures ebbed for a while before surprising Fed officials by picking up again. He said they would monitor economic conditions closely to avoid both the risk of having been &ldquo misled by a few good months of data,&rdquo as well as the risk of having raised rates too high, Powell said.
The Fed has raised interest rates this year to a 22-year high to combat inflation by slowing economic activity.
Officials extended a pause in rate increases at their meeting last week, marking the first time since they began raising rates in March 2022 that they held them steady at consecutive policy meetings. Their next meeting is Dec. 12-13.
Newsletter Sign-up
Central Banking
Central banking news, analysis and insights from WSJ' s global team of reporters and editors.
Powell left the door wide open to leaving rates on hold again next month and to raising them again next year if the economy and inflation don&rsquo t slow as widely expected. &ldquo We&rsquo re trying to make a judgment at this point whether we need to do more,&rdquo he
chartistkao1 ( Date: 10-Nov-2023 10:37) Posted:
| high dividend yield stock of 6.2% at $13.02
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Press_Release.ashx?App=Announcement& FileID=777738
https://links.sgx.com/FileOpen/OCBC_3Q23_CEO_Presentation.ashx?App=Announcement& FileID=777739
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Highlights.ashx?App=Announcement& FileID=777740
2024 dividend will be much huigher than 2023 dividend based on the results
https://www.straitstimes.com/business/ocbc-q3-profit-up-21-to-181-billion-amid-record-net-interest-income
https://www.dividends.sg/view/o39
chartistkao1 ( Date: 08-Nov-2023 16:35) Posted:
| when ocbc still below its 2021 high of $13.50 the bank will continue to buy back
https://investors.sgx.com/securities/stocks?security=O39
with 6.2% dividend yield
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high dividend yield stock of 6.2% at $13.02
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Press_Release.ashx?App=Announcement& FileID=777738
https://links.sgx.com/FileOpen/OCBC_3Q23_CEO_Presentation.ashx?App=Announcement& FileID=777739
https://links.sgx.com/FileOpen/OCBC_3Q23_Results_Highlights.ashx?App=Announcement& FileID=777740
2024 dividend will be much huigher than 2023 dividend based on the results
https://www.straitstimes.com/business/ocbc-q3-profit-up-21-to-181-billion-amid-record-net-interest-income
https://www.dividends.sg/view/o39
chartistkao1 ( Date: 08-Nov-2023 16:35) Posted:
| when ocbc still below its 2021 high of $13.50 the bank will continue to buy back
https://investors.sgx.com/securities/stocks?security=O39
with 6.2% dividend yield
chartistkao1 ( Date: 08-Nov-2023 16:19) Posted:
during the 90s long long before singapore become a financial center
http://stocktaleslot.blogspot.com/2006/04/singtel-story.html
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when ocbc still below its 2021 high of $13.50 the bank will continue to buy back
https://investors.sgx.com/securities/stocks?security=O39
with 6.2% dividend yield
chartistkao1 ( Date: 08-Nov-2023 16:19) Posted:
during the 90s long long before singapore become a financial center
http://stocktaleslot.blogspot.com/2006/04/singtel-story.html
chartistkao1 ( Date: 08-Nov-2023 16:13) Posted:
The 15,000 owners of SingTel shares bought them at S$2.00 each in the company' s 1993 IP
https://www.todayonline.com/singapore/s68m-unclaimed-shares-sgx-seeks-owners
https://sg.finance.yahoo.com/quote/Z74.SI/history?p=Z74.SI
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during the 90s long long before singapore become a financial center
http://stocktaleslot.blogspot.com/2006/04/singtel-story.html
chartistkao1 ( Date: 08-Nov-2023 16:13) Posted:
The 15,000 owners of SingTel shares bought them at S$2.00 each in the company' s 1993 IP
https://www.todayonline.com/singapore/s68m-unclaimed-shares-sgx-seeks-owners
https://sg.finance.yahoo.com/quote/Z74.SI/history?p=Z74.SI
chartistkao1 ( Date: 08-Nov-2023 15:49) Posted:
| how they get cash for next year 2024 budget
https://www.temasek.com.sg/en/our-investments/our-portfolio/telecommunications-media-technology
or
https://www.temasek.com.sg/en/our-investments/our-portfolio/financial-services
sell which firms
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The 15,000 owners of SingTel shares bought them at S$2.00 each in the company' s 1993 IP
https://www.todayonline.com/singapore/s68m-unclaimed-shares-sgx-seeks-owners
https://sg.finance.yahoo.com/quote/Z74.SI/history?p=Z74.SI
chartistkao1 ( Date: 08-Nov-2023 15:49) Posted:
| how they get cash for next year 2024 budget
https://www.temasek.com.sg/en/our-investments/our-portfolio/telecommunications-media-technology
or
https://www.temasek.com.sg/en/our-investments/our-portfolio/financial-services
sell which firms
chartistkao1 ( Date: 08-Nov-2023 14:33) Posted:
| only sia manage to score +0.05 cents up to $6.29 and all its listed companies in singapore goes down and down
https://en.wikipedia.org/wiki/Temasek_Holdings
https://www.temasek.com.sg/en/our-investments/our-portfolio
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how they get cash for next year 2024 budget
https://www.temasek.com.sg/en/our-investments/our-portfolio/telecommunications-media-technology
or
https://www.temasek.com.sg/en/our-investments/our-portfolio/financial-services
sell which firms
chartistkao1 ( Date: 08-Nov-2023 14:33) Posted:
| only sia manage to score +0.05 cents up to $6.29 and all its listed companies in singapore goes down and down
https://en.wikipedia.org/wiki/Temasek_Holdings
https://www.temasek.com.sg/en/our-investments/our-portfolio
chartistkao1 ( Date: 08-Nov-2023 14:25) Posted:
LAST year, policymakers embarked on one of the most aggressive rate-hiking cycles to deal with an inflation problem that the world had not seen in more than 40 years. Conventional wisdom would assume that high interest rates would fix the soaring levels of inflation. Tighter policy would deter economic activity credit becomes more expensive for consumers to spend and companies to invest and saving is incentivised.
But these are not conventional times. The mechanisms above are largely effective in stymying private-sector credit creation.
However, what if private-sector money creation was not primarily responsible for the inflation observed today? What if the supply side is more impacted, as geopolitical tensions impede the free flow of goods, labour and capital? What if demand was more fuelled by rates-insensitive deficit spending rather than private sector/household borrowing?
A better solution for today&rsquo s inflation
The above questions are rhetorical once we observe the large role played by fiscal policy in this post-pandemic inflation.
Such inflation should be better addressed via a mix of austerity and diplomacy, yet interest rates continue to be the instrument of choice. This is perhaps because the Federal Reserve does not have the appropriate tools for deficit-driven inflation.
Fed tightening works insofar as high rates slow the pace of private-money creation. But so long as deficit spending persists, money supply continues to grow in different forms, and hence inflation volatility remains. Rates may have to stay high for longer than investors expect, so that a slowdown in the private sector compensates for the stimulative deficits in the public sector.
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only sia manage to score +0.05 cents up to $6.29 and all its listed companies in singapore goes down and down
https://en.wikipedia.org/wiki/Temasek_Holdings
https://www.temasek.com.sg/en/our-investments/our-portfolio
chartistkao1 ( Date: 08-Nov-2023 14:25) Posted:
LAST year, policymakers embarked on one of the most aggressive rate-hiking cycles to deal with an inflation problem that the world had not seen in more than 40 years. Conventional wisdom would assume that high interest rates would fix the soaring levels of inflation. Tighter policy would deter economic activity credit becomes more expensive for consumers to spend and companies to invest and saving is incentivised.
But these are not conventional times. The mechanisms above are largely effective in stymying private-sector credit creation.
However, what if private-sector money creation was not primarily responsible for the inflation observed today? What if the supply side is more impacted, as geopolitical tensions impede the free flow of goods, labour and capital? What if demand was more fuelled by rates-insensitive deficit spending rather than private sector/household borrowing?
A better solution for today&rsquo s inflation
The above questions are rhetorical once we observe the large role played by fiscal policy in this post-pandemic inflation.
Such inflation should be better addressed via a mix of austerity and diplomacy, yet interest rates continue to be the instrument of choice. This is perhaps because the Federal Reserve does not have the appropriate tools for deficit-driven inflation.
Fed tightening works insofar as high rates slow the pace of private-money creation. But so long as deficit spending persists, money supply continues to grow in different forms, and hence inflation volatility remains. Rates may have to stay high for longer than investors expect, so that a slowdown in the private sector compensates for the stimulative deficits in the public sector.
chartistkao1 ( Date: 08-Nov-2023 14:22) Posted:
https://www.thedcn.com.au/region/asia/australia-pursues-export-opportunities-in-china/
What products does China buy from Australia?
Australian exports of commodities including barley, coal and timber to China resumed earlier this year but barriers remain on wine, lobsters and meat from some abattoirs.28 Sept 2023
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