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Georgian Central Bank Lowers Key Interest Rate by 25 Basis Points to 10.25%
Banking

Georgian Central Bank Lowers Key Interest Rate by 25 Basis Points to 10.25%

Georgia’s central bank cut its key refinancing rate to 10.25%
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Pete Sadler
Fitch Downgrade Raises Investor Concerns About US Fiscal Picture
News

Fitch Downgrade Raises Investor Concerns About US Fiscal Picture

Fitch’s downgrade of the U.S. credit rating is likely to
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Pete Sadler
Bank of Japan Deputy Governor Dismisses Possibility of Early Exit from Ultra-Easy Policy
Banking

Bank of Japan Deputy Governor Dismisses Possibility of Early Exit from Ultra-Easy Policy

The Bank of Japan’s decision last week to tweak its bond
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Pete Sadler
UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source
Banking

UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source

UBS Group (UBSG.S) is laying off employees from Credit Suisse’s
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Pete Sadler
Insight: Some Small US Banks Not Ready for Emergency Borrowing from Fed
Banking

Insight: Some Small US Banks Not Ready for Emergency Borrowing from Fed

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an
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Pete Sadler
European Markets Set for Volatile Opening Prior to Bank of England Rate Decision
News

European Markets Set for Volatile Opening Prior to Bank of England Rate Decision

European markets are set to open choppy as investors continue to assess
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Pete Sadler
US Debt Downgraded by Fitch; Goldman Sachs Plays Down Significance
News

US Debt Downgraded by Fitch; Goldman Sachs Plays Down Significance

Fitch slashed the US’s credit rating on Tuesday, but Goldman Sachs
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Pete Sadler
Egypt's Currency Squeeze Pushes Bank Foreign Buffers to a New Low
Banking

Egypt's Currency Squeeze Pushes Bank Foreign Buffers to a New Low

Net foreign assets held by Egypt’s commercial banks went into a
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Pete Sadler
Bank of England Evaluates Possibility of Slower UK Rate Hikes
Banking

Bank of England Evaluates Possibility of Slower UK Rate Hikes

The Bank of England is likely to boost interest rates again on
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Pete Sadler
BOJ Intervenes for the Second Time This Week to Curb Yield Spike
Banking

BOJ Intervenes for the Second Time This Week to Curb Yield Spike

The Bank of Japan came into the market for the second time
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Pete Sadler
Australia's Trade Surplus Surpasses Estimates as Imports Decline
News

Australia's Trade Surplus Surpasses Estimates as Imports Decline

Australia’s monthly trade surplus widened in June as iron-ore shipments gained
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Pete Sadler
Turkish Inflation Expected to Accelerate Following Tax Hikes
News

Turkish Inflation Expected to Accelerate Following Tax Hikes

After eight months of deceleration, Turkish inflation probably ticked back up in
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Pete Sadler
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