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 forecasts a significant boost. The...
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 the yuan. This is yet...
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 living drove consumers into cutting...
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% annually in the previous quarter....
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 to provide investors with the...
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 guidance for future hikes was...
China’s Economic Woes Worsen Due To Property And Factory Issues
The Chinese economy was already wobbly and the beginning of the second half of the year saw it stumble further. This was because the decline...
US On The Brink Of Recession As GDP Declines In Q2
There was an unexpected contraction in the economy of the United States in the second quarter, as consumer spending grew at its slowest pace in...
Increasing Rates To Cushion Impact Of Slowing Economies On Asian Banks
Lenders focused on Asia, such as Standard Chartered, HSBC, and their Southeast Asian counterparts like DBS, are scheduled to report a rise in their net...
Fed Hikes Interest Rate By 75 Basis Points Again
On Wednesday, the US Federal Reserve’s two-day monetary policy meeting came to an end and it announced an increase in the interest rate by 75...