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(Bloomberg) -- US Treasuries were modestly lower after Federal Reserve Chair Jerome Powell affirmed that the central bank favors delaying additional interest-rate cuts. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay Super“We know tha

(Bloomberg) -- Senior executives Walter Stoeppelwerth and Nicolas Chiesa obtained a brokerage license in Argentina and will kick off operations this month as investors keep flocking into the country’s assets under Javier Milei’s government. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuil

(Reuters) -Commonwealth Bank of Australia,, the country's biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high. Income tax cuts that took effect last July and rising wages have increased the amount people can save and spend, CBA said, adding that loan hardship cases had declined 15% from June to December and most borrowers were still ahead on repayments. "We expect Australia will follow offshore economies with an easing cycle starting in 2025", said CEO Matt Comyn.

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer Financial Protection Bureau, tariffs and Elon Musk’s Department of Government Efficiency.

Intel shares surged Tuesday after Vice President JD Vance said the Trump administration wants artificial intelligence chips manufactured domestically.

The Federal Reserve's job is to control inflation, but has little ability to influence one of its biggest drivers, Fed Chair Jerome Powell noted at a congressional hearing Tuesday.

Federal Reserve Bank of New York President John Williams said Tuesday the current level of short-term interest rates should help get inflation back to the central bank's 2% target, in comments that offered no guidance about the prospect for more rate cuts. “Monetary policy is well positioned to achieve maximum employment and price stability," Williams said in the text of remarks to be delivered before a gathering at Pace University in New York City. "The modestly restrictive stance of policy should support the return to 2 percent inflation while sustaining solid economic growth and labor market conditions,” he said, adding "it’s important to note that the economic outlook remains highly uncertain, particularly around potential fiscal, trade, immigration, and regulatory policies,” the official said.