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...
Bank of England’s Mann Calls for Big Rate Hike to Support Pound
On Monday, the interest-rate setter for the Bank of England, Catherine Mann said that they should hike up interest rates faster than they have done...
Fed’s Waller Wants another 75 bps Hike to Fight Inflation
On Saturday, Christopher Waller, the Governor of the US Federal Reserve, joint the list of central bankers who have vowed to do whatever it takes...
China’s Banks Scrambling to Raise Capital and Answering Calls for Supporting Economy
On Wednesday, China Construction Bank Corp (CCB) joined its peers to sell bonds worth 60 billion yuan ($8.9 billion). The aim was to replenish their...
Yields Rise to Decade Highs and Curve Inverts
On Monday, yields for benchmark 10-year Treasury bonds rose to reach their highest value since 2011. In addition, a key portion of the yield curve...
Canada’s Jobless Rate Reaches Record Low
Official data on Friday showed that the jobless rate in Canada fell to a record low after more jobs were added in May than expected....
Brazil Raises $6 billion in Eletrobras Shares
On Thursday night, the government of Brazil went ahead with their bid to private the largest utility in Latin America, Eletrobras. They have priced the...
Turkey Unveils Latest Plan against Soaring Inflation
A series of steps have been introduced by the Turkish government that are aimed at its bond and banks market in a bid to tame...
With Bank of Canada going Neutral, Recession Bets Climb
The Bank of Canada has signaled that it will increase its interest rates significantly in order to tame the soaring inflation in the country, which...
Irish Domestic Economy Shrank 1% in Quarter 1 Due to Inflation
The first three months of 2022 saw the domestic economy of Ireland contract quarter-on-quarter by almost 1%. This was primarily because of a decline in...