Recession obsession, AI boom and wild markets: What Wall Street can expect for the rest of 2023
The first half of 2023 has been a strange and volatile one for markets. Investors have had to contend with the possibility of recession and war in Europe, interest rate hikes (and pauses), sticky inflation and a softening US economy.
2023-06-22 19:59
Smaller-than-expected Turkey rate hike hits lira, bonds
LONDON Turkey's new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first
2023-06-22 19:52
Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:29
Bank of England hikes rates for 13th time as inflation stays high
The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation.
2023-06-22 19:23
Ocado Shares Soar on Reports of Bid Interest From Tech Firms Including Amazon
Ocado Group Plc shares jumped as much as 47% in London, the most in more than five years,
2023-06-22 18:55
BBVA Boosts Private Banking Presence Amid Spain’s Wealth Influx
Banco Bilbao Vizcaya Argentaria SA is boosting its Spanish private banking operations at a time when rich Latin
2023-06-22 18:49
US banks push back as regulators prepare international capital hikes
By Pete Schroeder WASHINGTON U.S. banks are pushing to soften a major regulatory proposal to hike bank capital
2023-06-22 18:19
Credit Agricole offers fixed-term savings in Italy in bid to win clients
By Valentina Za MILAN (Reuters) -The Italian arm of France's Credit Agricole has started offering fixed-term savings accounts to win
2023-06-22 17:57
Fed, ECB may slash bank reserves by 90% in new era of high rates - paper
FRANKFURT The Federal Reserve and the European Central Bank may mop up as much as 90% of the
2023-06-22 17:15
Powell Defies DC Critics and Makes Case for Why Rates Must Rise
Jerome Powell would like to make one thing clear: the Federal Reserve is not done hiking interest rates.
2023-06-22 16:27
Troubled Swedish Landlord SBB Hit by Probe on Accounting
The landlord at the center of a commercial property crisis in Sweden is being investigated by the country’s
2023-06-22 15:59
Three former Credit Suisse CEOs accused of excessive risk-taking -court filing
ZURICH A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at
2023-06-22 14:55