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Former BOE hawks predict UK interest rates to reach the "pain level" of 6%
Banking

Former BOE hawks predict UK interest rates to reach the "pain level" of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need
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Pete Sadler
The West Coast emerges as a prominent epicenter of bank turmoil in 2023
2023

The West Coast emerges as a prominent epicenter of bank turmoil in 2023

One half of the country is experiencing the banking turmoil of 2023
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Pete Sadler
France receives another credit rating warning
another

France receives another credit rating warning

The outlook on France’s credit rating was reduced to negative from
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Pete Sadler
IMF urges Fed to raise rates more, stating "The job is not quite yet done"
Banking

IMF urges Fed to raise rates more, stating "The job is not quite yet done"

The International Monetary Fund said Friday in a new report that the
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Pete Sadler
Investors foresee increased interest rates amidst growing inflationary pressures
amidst

Investors foresee increased interest rates amidst growing inflationary pressures

Stronger than expected US inflation and a bump in consumer spending have
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Pete Sadler
China's industrial profits suffer an 18% decline in April due to sluggish demand
$18

China's industrial profits suffer an 18% decline in April due to sluggish demand

Profits at China’s industrial firms slumped in the first four months
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Pete Sadler
India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief
bank

India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief

The Reserve Bank of India (RBI) may cut interest rates only towards
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Pete Sadler
Treasury Secretary Yellen sets June 5 as final day to raise debt ceiling
ceiling

Treasury Secretary Yellen sets June 5 as final day to raise debt ceiling

U.S. Treasury Secretary Janet Yellen on Friday set a deadline for
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Pete Sadler
Inflation heats up in April, prompting Fed to face critical questions
april

Inflation heats up in April, prompting Fed to face critical questions

Inflation ran hotter than expected in April, coming in above expectations, according
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Pete Sadler
Climate change projected to fuel inflation in the next decade, warns ECB
Banking

Climate change projected to fuel inflation in the next decade, warns ECB

Climate change will increase global inflation by as much as one percentage
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Pete Sadler
Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case
-minister

Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case

Credit Suisse CSGN.Shas been ordered to pay $926 million compensation after
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Pete Sadler
Reuters Poll: Kenya's Central Bank to Keep Rates Unchanged at 9.50% on May 29
9.50%

Reuters Poll: Kenya's Central Bank to Keep Rates Unchanged at 9.50% on May 29

Kenya’s central bank will hold interest rates at 9.50% on
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Pete Sadler
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