World·18d ago
Treasuries Resume Decline as US Strikes on Iran Drive Oil Higher
Benchmark Treasuries declined for the first time in six sessions as renewed clashes in the Persian Gulf led to rising oil prices and concerns over inflation. US 10-year yields increased by five basis points to 4.53%, while Brent crude futures surged over 4% to exceed $98 a barrel following US airstrikes on Iranian military sites. Federal Reserve Vice Chair Philip Jefferson noted ongoing inflationary risks, particularly from higher energy costs due to the conflict.
Financial Post
Local·17d ago
O2Gold Announces Private Placement and Revised Date for Annual General and Special Meeting of Shareholders
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of ( TSX:AGI; NYSE:AGI ).
Financial Post
Business·18d ago
BOK’s New Governor Points to Rate Hikes to Come in Hawkish Shift
The Bank of Korea, under new Governor Shin Hyun Song, has indicated a shift towards a more hawkish monetary policy, emphasizing the need for potential interest rate hikes due to rising inflation and financial stability concerns exacerbated by the Middle East crisis. The central bank held its seven-day repurchase rate at 2.5% but signaled that rates could rise to 3.25% within six months, with expectations for at least two hikes in the near future. This marks a significant change in the board's stance, as two members dissented in favor of a rate increase during the latest meeting.
Financial Post
