Posts

Showing posts with the label faces

Carrigan faces lengthy ban for 'horrendous' tackle on Hastings as Tigers dent Broncos top four hopes

Image
A Set small text size A Set default text size A Set large text size Broncos star Patrick Carrigan faces the prospect of missing out on the remainder of the regular season through suspension after being referred straight to an NRL court for his “horrendous” hip-drop overcoming Jackson Hastings in Saturday night’s angry defeat to the Wests Tigers. He will appear in court on Tuesday night to face charges of dangerous behavior for a tackle in the 73rd minute Lock Tigers hobbled and was on crutches on the sidelines after the game with fears he had a syndesmosis injury and will not play again this year. Interim coach Brett Kimmorley was outraged by the incident. “I thought it was a normal tackle,” said Kimmorley. “It’s something that creeps into the game a bit and needs attention because it’s a horrendous tackle and the result can be really bad.” Broncos coach Kevin Walters denied Carrigan’s tackle was intentional and was one of those things that happened “in the

Central banks 'have eggs in their faces' and risk causing a recession in their 'panic' to release them

Image
The Bank of Canada’s (BoC) surprise decision to raise interest rates by 1 percentage point has shocked global markets and Canadian borrowers and raised expectations more central banks will follow with super-sized hikes. Key points: The Bank of Canada has raised interest rates by a full percentage point, while monetary authorities in Singapore and the Philippines have also tightened them sharply Former IMF chief economist Maurice Obstfeld worries the central bank is catching up after delaying rate hikes for too long He warned that rising interest rates too quickly around the world could trigger a major economic downturn like that seen in the 1980s The BoC raised its policy rate from 1.5 percent to 2.5 percent, the highest since 2008, in a bid to contain inflation. It is far from alone in raising interest rates quickly. Today, the Philippine central bank raised interest rates by 0.75 percentage points to 3.25 percent in an unscheduled move, while the Singaporean authorities also tighten

The market's historic mini rally faces three big tests

Can we really see the equity base? Rubner certainly sees signs of resilience, not least of which is that for all the pain investors have endured this year, they have continued to hold on to their shares, with small equity outflows this year far from the investor capitulation that has historically signaled the end of a bear market. That the rally on Wall Street was not derailed by the strong US employment data released late Friday also shows fresh signs of resilience. Indeed, the idea that bad news is good news – that is, strong economic data supporting a further round of aggressive central bank rate hikes is actually positive because it will bring about a recession that will see the Federal Reserve start easing monetary policy again – seems to be gaining some acceptance. . The shift from cyclical stocks that will succeed in an inflationary environment towards stocks that win when inflation is low or even falling speaks for itself. Bank of America data showed material stocks on Wall Str