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...
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...
Global Economy Slowdown Fears Rise With Cost Of Living
On Friday, data showed that there is a high chance that the global economy is heading towards a slowdown. This is because the highest inflation...
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...
Oil Falls On Lackluster Demand From The US
On Wednesday, oil prices fell after data from the US government showed that gasoline demand during the peak driving season in the summer had reduced...