Markets mostly drop as traders mull Fed outlook, gas price spike
World stocks mostly sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat runaway inflation.
Gas crisis sends euro back below parity against dollar
The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows.
Markets looking for clarity but tuning out Fed message
In the battle to contain red-hot inflation, which topped nine percent in June, the Fed has hiked rates four times
Germany's Scholz Faces Grilling Over Tax Fraud Scandal
Germany's Scholz faces grilling over tax fraud scandal
Analysis: 100 Banks, 1,000 Suspects: German Fraud Probe Puts Scholz On The Spot
German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.
Exclusive: Bank of England will probably need to raise rates again, Ramsden says
The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy.
Hong Kong cuts COVID quarantine stay for incoming travellers
Hong Kong will shorten the COVID-19 hotel quarantine period for all arrivals to three days from seven.
Twitter rejects Musk's claims that he was hoodwinked
Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company
Liz Truss to set out economic plans to finance sector in bid to lead Britain
Liz Truss, front-runner to be Britain's next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023.
Boris Johnson is a bit like Churchill – but not in the ways he might want
Like Johnson, Churchill had a complicated relationship with the Conservatives.
Gold investors face bind over bars from tarnished Russia
Some investors want Russian gold off their books but it's not that easy to remove.
Barclays latest global bank ensnared in U.S. 'Whatsapp' probes
Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.
Europe's banks flash some good news but downbeat on economy
European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year.
Britain kicks off post-Brexit 'transformation' of finance
British financial regulators will have to promote the global competitiveness of the country's financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday.
Central banks rapidly shift gears in bid to stem inflation tidal wave
Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.
Fed's Williams Sees Growth Lagging Below 1% In 2022
U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts "resolutely" to curb inflation, New York Federal Reserve president John Williams said Friday.
UK urged to cleanse 'stain' of dirty Russian money
Rich Russians have long found it easy to acquire expensive properties in London, or a world-class education for their children in Britain's private schools, or control of Premier League football clubs.
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Analysis-Wall Street's Hiring Frenzy Eases As Worries Grow Over Economy, Market Slump
With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year.
Europe's Central Banks jack up interest rates to fight inflation surge
Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits.
Analysis: Global Investment Banking Faces Tougher Times After Blockbuster Year
A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.
U.S. Banks Finally See Upturn In Credit-card Borrowing
Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
Why a new eurozone crisis now looks a distinct possibility
The eurozone crisis was caused in the early 2010s when investor fears about the solvency of Greece, Spain, Portugal and Ireland drove their bond yields to levels where they needed ECB support.
Canadian dollar to stay at core of financial system, not crypto -BoC
The Bank of Canada has previously said cryptocurrencies like Bitcoin are speculative investments that "do not have a plausible claim to become the money of the future."
France seizes Russian oil supremo's yacht as EU sanctions bite
Russians have long been major buyers of superyachts -- pleasure vessels classed as being more than 30 metres long.
Fearful Wall Street awaits Fed's next moves on inflation
The Fed is the world's most influential central bank, and its policies have implications for lending globally.
Should we really worry about inflation?
A sign of the growing concern is that Google searches for the word "inflation" have hit their highest levels
No fear of inflation 'runaway train': IMF chief
BOE governor Andrew Bailey said central bankers face a "very difficult balancing act"
Harry and Meghan contradict themselves with 'ethical' investment firm that supports social media
The New York-based firm Ethic claims it will only invest in businesses it believes passes its "social responsibility criteria."