2023-06-08 22:54:00 Tesla opens its Supercharger charging network for electric cars from rival General Motors (GM). Starting next year, GM customers will have access to around 12,000 Tesla charging stations, as the largest US carmaker announced in Detroit on Thursday (local time). Tesla’s charging technology is becoming more and more popular. GM boss Mary Barra … Read more
2023-05-11 10:32:49 Overnight funding costs in India have surged above the central bank’s policy rate, a sign that the excess cash in the banking system has dried up. The weighted average call rate, an overnight funding cost rate that the central bank monitors, have climbed almost 30 basis points since the start of the year. … Read more
The food storage container manufacturer Tupperware has come under heavy pressure on the stock exchange due to liquidity concerns. After the company warned of acute cash shortages, the stock fell 49 percent on Monday to $1.2. The price fell to its lowest level since the record low at the beginning of the Corona crisis around … Read more
Tuesday 07 February 2023 Inflation problem not solved Bundesbank boss demands much higher interest rates “It would be dangerous to think that we are already through and that the inflation problem is over,” says Bundesbank President Nagel. (Foto: picture alliance/dpa) In January, inflation in the euro area fell sharply to 8.5 percent. A positive development, … Read more
While Bank Al-Maghrib’s speech at its last meeting has become more Hawkish in acknowledging the “internalization” of the drivers of inflation, the Bank has chosen not to anticipate rate hikes in 2023 to limit the negative impact that this choice would have on growth. “We expect high inflation to prompt BAM to continue to tighten … Read more
AA / Montreal / Hatem Kattou The Bank of Canada announced on Wednesday an increase, the sixth since the start of 2022, of its key rate by 0.5%, to set it at 3.75%. This is apparent from a press release posted Wednesday morning on the Federal Bank’s website. This umpteenth increase in the key rate … Read more
The key interest rate is intended to curb the economy Fed minutes stall Wall Street recovery 10/12/2022, 10:18 p.m In September, producer prices in the USA rose significantly more than expected. Investors on Wall Street therefore fear further major rate hikes by the US Federal Reserve. The minutes of the last interest rate meeting indicate … Read more
During its September survey, AGR identified investors’ expectations regarding the change in Bank Al-Maghrib’s key rate on the sidelines of its 3e monetary policy meeting of the year 2022. As a reminder, this survey was conducted with a sample of 35 investors considered among the most influential in the Moroccan financial market. At the end … Read more