Fed To Continue Rate Hikes Amidst Rising Unemployment
The US Federal Reserve is expected to continue with its aggressive regime of raising interest rates in the next few…
China’s Largest Banks Wounded By Property Sector Rout
The ongoing crisis in the property market of China has left five of the country’s largest banks wounded, with the…
Traders Increase Bets Of 75 Bps Hike From ECB
On Monday, euro zone money markets moved for pricing in a possibility of a 75 basis points increase in the…
Powell Predicts Pain Ahead As Fed Committed To Beat Inflation
On Friday, the chief of the US Federal Reserve delivered his speech at the central banking conference in Jackson Hole,…
South Korea Raises Rate And Warns Of Inflation
On Thursday, the central bank of South Korea hiked its key interest rate by 25 basis points and gave inflation…
China Regulator Issues Warning To Banks Over Yuan Selling
On Wednesday, the foreign exchange regulator in China phoned a number of banks to issue a warning about aggressively selling…
Euro Zone Business Activity Declines Again In August
The month of August saw euro zone business activity contract for the second straight month, as the rising cost of…
UK Real Wages Fall At Record Rate With Soaring Inflation
On Tuesday, the Office of National Statistics released data showing that real wages in the United Kingdom dropped by 3%…
Russian Bond Trading Gets Go-Ahead On Wall Street
In recent days, a number of major banks on Wall Street have begun to facilitate Russian debt trading. This is…
Australian Central Bank Hikes Interest Rates
On Tuesday, the central bank in Australia hiked its interest rates for the fourth month in a row, but its…