BOJ Governor Says Early Rate Hike Possible if Prices Rise Faster Than Expected
Bank of Japan Gov. Kazuo Ueda said he is open to the idea of early interest-rate increases if inflation rises at a faster pace than the bank's projections.
Sweden Cuts Rate as Europe Moves Ahead of the Fed
The Riksbank cut its key rate to 3.75% from 4%, in line with forecasts, becoming only the second central bank from a rich, advanced economy to begin its easing cycle following the post-pandemic surge in inflation.
Hannon's Take: The Risk of Waiting for the Fed
For Europe's central banks, moving ahead of the Federal Reserve risks a depreciation of the national currency. But there is another argument.
Munich Re Says Full-Year Profit Could Top EUR5 Billion
The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was "more likely" it would surpass its full-year profit target.
KKR to Buy Perpetual's Units for Over $1 Billion
The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR.
Pricier Insurance Makes Sense as Climate Risk Grows, Chubb CEO Says
Speaking in California, Evan Greenberg says industry has been setting premiums 'very rationally,' adding that it didn't tell people to 'build magnificent homes in a wildfire zone.'
Interest Rates Will Be Higher for Longer, Fed's Kashkari Says
The Minneapolis Fed President notes that inflation seems to have gone "sideways."
UBS Beats Forecasts as Integration-Related Costs Fall
UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients.
UniCredit Upbeat on Outlook After Strong First Quarter
UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income.
RBA Keeps Rates on Hold, Repeats Nothing Ruled In or Out
The Reserve Bank of Australia left interest rates unchanged, and stuck with the message that it isn't ruling anything out as it seeks to bring inflation under control.
(END) Dow Jones Newswires
05-08-24 0715ET