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...
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...
Bank Of Korea To Increase Rates By 50 Bps
On Wednesday, the central bank in South Korea is scheduled to deliver its first-ever interest rate hike of 50 basis points that will see the...
Oil Gains 2% But Records Weekly Loss Over Recession Concerns
On Friday, there was a 2% rise in oil prices in volatile trading, but they were still on course for a weekly decline with investors...
Mexico’s Inflation in June Touches 21-year High
On Thursday, official data showed that annual inflation in Mexico had accelerated in June and climbed to levels that had not been seen in the...