The Federal Reserve will likely not raise interest rates at its March meeting as there is still a “boatload of uncertainty” said Mark Zandi of Moody’s Analytics. Story Published at: March 15, 2023 at 08:06AM
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The China-brokered Saudi-Iran deal has big repercussions for the Middle East — and the U.S.
The deal is “a much needed pressure valve amid heightened regional tensions” — but significant changes are far from guaranteed, analysts told CNBC.Story Published at: March 15, 2023 at 07:26AM
Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.Story Published at: March 15, 2023 at 06:59AM
Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
Platinum prices are forecast to skyrocket in 2023 thanks to power cuts in South Africa, war in Ukraine and increased demand for hybrid cars.Story Published at: March 15, 2023 at 06:59AM
Asia faces shortage of workers who can fill growing number of tech roles, says job portal operator
Despite layoffs at tech companies, almost “every sector in the economy outside of tech” is hiring tech workers, said CEO of Seek Asia Peter Bithos.Story Published at: March 15, 2023 at 06:29AM
CNBC Daily Open: Regional banks dodge a crisis — for now
Regional banks rebounded, pointing to resilience in the banking sector. Annual inflation in February was 6%, in line with estimates.Story Published at: March 15, 2023 at 06:04AM
Sea Group’s digital bank launches in Singapore to a select group of individuals
Singapore tech giant Sea Group has launched its digital banking services to select members of the public.Story Published at: March 15, 2023 at 05:55AM
The SVB crisis may prompt the Bank of Japan to delay policy changes, says former board member
Any changes to its ultra-dovish monetary policy could be delayed by as much as a year, said Nomura Research Institute economist Takahide Kiuchi.Story Published at: March 15, 2023 at 05:36AM
CNBC Daily Open: Regional banks rise, and everyone takes a breath
Regional banks rebounded, pointing to resilience in the banking sector. Annual inflation in February was 6%, in line with estimates.Story Published at: March 14, 2023 at 11:53PM
China’s post-Covid year gets off to a disappointing start
The data releases combine January and February figures — as is the Chinese statistics bureau’s custom — to avoid distortions from the Lunar New Year.Story Published at: March 15, 2023 at 02:03AM