Author: Press Room
Stay informed with free updatesSimply sign up to the World myFT Digest — delivered directly to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningIsrael and Hamas have agreed a deal for the staggered release of 50 civilians held hostage in Gaza in exchange for Palestinian prisoners and a four-day halt to hostilities. The pause, which will mark the most prolonged lull in the conflict since the Palestinian militant group’s deadly October 7 attack on Israel, is set…
© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts By Mike Dolan LONDON (Reuters) – If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly. Deutsche Bank’s CVIX – the currency market’s version of Wall St’s “fear index” of stock volatility and a weighted average of implied “vol” in nine major pairings – has basically imploded. Subdued since mid-year, the CVIX took another sharp leg lower this month and hit its lowest since mid-February 2022 – just before Russia’s…
© Reuters. FILE PHOTO: Sam Altman attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria (Reuters) -OpenAI on Wednesday said that it has reached an agreement for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor, Larry Summers, and Adam D’Angelo. “I am looking forward to returning to OpenAI,” Sam Altman said in a post on X. OpenAI on Monday named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman moved to backer Microsoft (NASDAQ:).
© Reuters. Gold prices dipped below the $2,000 mark today as minutes from the Federal Reserve’s latest meeting signaled a readiness to continue aggressive measures against inflation if necessary. This hawkish stance has prompted investors to exercise caution, despite some support for gold stemming from a weakened dollar after its recent rebound. The Federal Open Market Committee (FOMC) minutes released on Tuesday hinted at a potential plateau in interest rate hikes, with market speculation about possible rate cuts commencing as early as May next year. This speculation has kept the USD’s movements in check, even though it has recovered from…
Wednesday's economic calendar
© Reuters. Investing.com– Most Asian currencies moved little on Wednesday, while the dollar stemmed recent declines after the minutes of the Federal Reserve’s late-October meeting reiterated the bank’s outlook on higher-for-longer interest rates. Regional currencies saw a measure of profit taking after a strong run-up in the past two sessions, as markets priced in bets that the Fed was done raising interest rates. But Tuesday’s minutes cast some doubt over when the central bank will begin trimming interest rates, given that most Fed officials have also repeatedly signaled higher for longer rates. The – which was one of the best-performing…
Aides said the president was also hopeful that the hostage release could be an early step toward a broader peace in the region once the immediate crisis ends. In an opinion article published in the Washington Post on Sunday, Mr. Biden described how far his ambitions stretch beyond the four-day pause in fighting agreed to on Tuesday.“Our goal should not be simply to stop the war for today,” he wrote. “It should be to end the war forever, break the cycle of unceasing violence, and build something stronger in Gaza and across the Middle East so that history does not…
Washington, UNITED STATES: This 24 March, 2006 photo shows US Internal Revenue Service (IRS) tax … [+] forms. April 15 marks the date for US taxpayers to file their returns. AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP via Getty Images)AFP via Getty Images For some time, tax professionals have watched keenly as the case of Aroeste v. United States worked its way through a federal district court in California. In Aroeste, the taxpayer raised a novel argument that certain tax treaty provisions in the United States-Mexico tax treaty should govern whether the taxpayer had a United States FBAR…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Without Nvidia’s high-powered chips, there would be no generative artificial intelligence boom. Demand already outstrips supply. The company’s lead over rivals is about to be extended with the release of a new specialist AI chip. If analyst forecasts are correct, annual revenues will more than triple over the next three years to top $98bn.Chief executive Jensen Huang’s bet on AI grows more bombastic by the day. It will, he says, be “bigger than the internet”. On Tuesday he declared that it represented…
© Reuters. Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, more than 80% of economists in a Reuters poll said, with more convinced the central bank is getting closer to exiting its controversial monetary settings. BOJ Governor Kazuo Ueda faces the difficult task of navigating Japan away from the extremely accommodative policy of the past decade without causing market turmoil or squashing a fragile economic recovery. While none…