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Tag: Banking and credit

US stocks lose ground as markets ponder the Fed’s next moves

US stocks lose ground as markets ponder the Fed’s next moves

December 6, 2022December 6, 2022 · Finance

NEW YORK — Stocks fell in morning trading on Wall Street Tuesday as markets ponder the Federal Reserve’s next moves on fighting inflation. The S&P 500 fell 0.9%…

Read more US stocks lose ground as markets ponder the Fed’s next moves
US stocks lose ground as markets ponder the Fed’s next moves

Asian shares lower as strong data hit hopes for dovish Fed

December 5, 2022December 5, 2022 · Finance

BANGKOK — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight…

Read more Asian shares lower as strong data hit hopes for dovish Fed
Turkish inflation eases for 1st time in more than a year

Turkish inflation eases for 1st time in more than a year

December 5, 2022December 5, 2022 · World News

ANKARA, Turkey — Annual inflation in Turkey slightly eased in November for the first time in more than a year, according to official figures released on Monday, although…

Read more Turkish inflation eases for 1st time in more than a year
Turkish inflation eases for 1st time in more than a year

Turkish inflation eases for 1st time in more than a year

December 5, 2022December 5, 2022 · Finance

ANKARA, Turkey — Annual inflation in Turkey slightly eased in November for the first time in more than a year, according to official figures released on Monday, although…

Read more Turkish inflation eases for 1st time in more than a year
Asian shares gain, oil prices up after Russia price cap deal

Asian shares gain, oil prices up after Russia price cap deal

December 4, 2022December 4, 2022 · Finance

Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil…

Read more Asian shares gain, oil prices up after Russia price cap deal
Asian shares gain, oil prices up after Russia price cap deal

Asian shares gain, oil prices up after Russia price cap deal

December 4, 2022December 4, 2022 · Finance

Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil…

Read more Asian shares gain, oil prices up after Russia price cap deal
EXPLAINER: Can Ukraine pay for war without wrecking economy?

EXPLAINER: Can Ukraine pay for war without wrecking economy?

December 3, 2022December 3, 2022 · Finance

FRANKFURT, Germany — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the…

Read more EXPLAINER: Can Ukraine pay for war without wrecking economy?
EXPLAINER: 5 key takeaways from the November jobs report

EXPLAINER: 5 key takeaways from the November jobs report

December 2, 2022December 2, 2022 · Breaking News

WASHINGTON — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control. And…

Read more EXPLAINER: 5 key takeaways from the November jobs report
Asian shares sink on revived worries over recession, China

Asian shares sink on revived worries over recession, China

December 2, 2022December 2, 2022 · Finance

BANGKOK — Shares retreated in Europe and Asia on Friday ahead of the release of U.S. jobs data. Optimism over moves by China to ease strict pandemic controls…

Read more Asian shares sink on revived worries over recession, China
Powell: Fed to keep rates higher for longer to cut inflation

Powell: Fed to keep rates higher for longer to cut inflation

November 30, 2022November 30, 2022 · Finance

WASHINGTON — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, in remarks likely…

Read more Powell: Fed to keep rates higher for longer to cut inflation
Turkish inflation eases for 1st time in more than a year

US job openings fell in October to still-high level

November 30, 2022November 30, 2022 · Breaking News

WASHINGTON — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest…

Read more US job openings fell in October to still-high level
Stocks waver on Wall Street ahead of speech by Fed chair

Stocks waver on Wall Street ahead of speech by Fed chair

November 30, 2022November 30, 2022 · Finance

NEW YORK — Stocks are wavering in early trading on Wall Street ahead of a speech by Jerome Powell, the chair of the Federal Reserve, on the outlook…

Read more Stocks waver on Wall Street ahead of speech by Fed chair
Asian shares rise except Japan as markets eye China protests

Asian shares rise except Japan as markets eye China protests

November 28, 2022November 29, 2022 · Finance

TOKYO — Asian shares were mostly higher Tuesday as jitters over protests in China set off by growing public anger over COVID-19 restrictions subsided. U.S. futures edged higher.…

Read more Asian shares rise except Japan as markets eye China protests
Asian shares fall as China protests, lockdowns cloud outlook

Asian shares fall as China protests, lockdowns cloud outlook

November 27, 2022November 27, 2022 · Finance

BANGKOK — Shares skidded in Asia on Monday, with Hong Kong briefly dipping more than 4% following weekend protests in various cities over China’s strict zero-COVID lockdowns. U.S.…

Read more Asian shares fall as China protests, lockdowns cloud outlook
Turkish inflation eases for 1st time in more than a year

Turkish central bank cuts rates again despite high inflation

November 24, 2022November 24, 2022 · Finance

ANKARA, Turkey — Turkey’s central bank delivered another outsized interest rate cut Thursday despite inflation running at more than 85% and other countries moving the opposite way to…

Read more Turkish central bank cuts rates again despite high inflation
Turkish inflation eases for 1st time in more than a year

Sweden’s big interest rate hike follows other central banks

November 24, 2022November 26, 2022 · Finance

STOCKHOLM — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are…

Read more Sweden’s big interest rate hike follows other central banks
Powell: Fed to keep rates higher for longer to cut inflation

Fed at last meeting saw few signs that inflation was easing

November 23, 2022November 23, 2022 · Finance

WASHINGTON — Federal Reserve officials at their last meeting saw “very few signs that inflation pressures were abating” before raising their benchmark interest rate by a substantial three-quarters…

Read more Fed at last meeting saw few signs that inflation was easing
New Zealand hikes interest rate to 4.25% to fight inflation

New Zealand hikes interest rate to 4.25% to fight inflation

November 22, 2022November 22, 2022 · World News

WELLINGTON, New Zealand — New Zealand’s central bank hiked interest rates Wednesday by a record amount as it tries to get inflation under control. The Reserve Bank of…

Read more New Zealand hikes interest rate to 4.25% to fight inflation
OECD forecast: High rates, inflation to slow world growth

OECD forecast: High rates, inflation to slow world growth

November 22, 2022November 22, 2022 · Finance

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand…

Read more OECD forecast: High rates, inflation to slow world growth
Reality TV stars Todd and Julie Chrisley to be sentenced

Reality TV stars Todd and Julie Chrisley to be sentenced

November 20, 2022November 20, 2022 · Entertainment

ATLANTA — Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while…

Read more Reality TV stars Todd and Julie Chrisley to be sentenced
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