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...
Investors Betting on Bigger Hikes by BoE after Inflation Numbers
On Wednesday, the 2-year bond yields of the British government reached their highest level in almost 14 years when the global financial crisis had been...
UK Inflation Reaches Double Digits after 1982
In July, consumer price inflation in the United Kingdom rose to 10.1%, which is the highest number seen since February 1982. This makes the UK...
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...
Yellen Says Economy Slowing But Jobs Remain Strong
On Thursday, Janet Yellen, the US Treasury Secretary, said that the negative GDP data for the second quarter was an indication of an inevitable slowdown...