Japanese Economy Likely To Grow More Slowly Than Expected
According to a recent poll, the economy in Japan is expected to grow at a pace slower than what had been expected previously. This is...
Wells Fargo Profit Declines On Higher Loan Loss Reserves
On Friday, Wells Fargo & Co disclosed that its profit for the second quarter of the year nearly halved, as it set aside more funds...
Singapore Gears Up Inflation Fight With Surprise Rate Hike
On Thursday, Singapore’s central bank made an off-cycle move when it tightened its monetary policy. The monetary authority said that the move was aimed at...
Bank Of Canada Hikes Rates By 100 Basis Points
On Wednesday, the Bank of Canada made a big splash when it became the first central bank amongst developed economies to deliver an interest rate...
Bailey Says Inflation Is Ultimate Test For Boe
On Tuesday, Andrew Bailey, the Governor of the Bank of England, said that its independence would be tested, as it attempts to bring down inflation...
Panetta Claims ECB Rate Hike would Depend on Data
On Friday, a board member of the European Central Bank, Fabio Panetta said that while the ECB was going to lift its interest rates in...
Banks See Stock Offerings Fee Decline with IPOs on Ice
The second quarter of 2022 sent a chill in the global equity markets due to the fears of recession and the invasion of Ukraine by...
BOJ May Have to Adjust Yield Cap if Inflation Rises
On Wednesday, a former executive of the central bank stated that if inflation continues to exceed the forecast of the Bank of Japan (BOJ), it...
US Dollar Falls as Markets Reassess Fed’s Path
On Friday, the US dollar fell, which was the first weekly decline for the currency in a month. This was because traders were pulling back...
Euro and Sterling Down due to Global Growth Concerns
On Wednesday, both the Euro and Sterling recorded major declines in the face of rising concerns that a hike in interest rates by central banks...