Kenya's Central Bank Raises Benchmark Rate to Five-Year High
Kenya’s central bank surprised financial markets by raising borrowing costs to…
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Recession Fears Re-emerge as Banking Turmoil Continues
The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature…
Sergio Ermotti appointed as new CEO of UBS to spearhead Credit Suisse turnaround
UBS is bringing back its former chief executive, Sergio Ermotti, to manage…
Top Nigerian Bank Allocates $267 Million in Response to Ghana's Debt Restructuring
Zenith Bank Plc, Nigeria’s biggest lender by market value, said it…
UBS's Kelleher Claims Credit Suisse Integration More Complex Than 2008 Crisis Deals
UBS Group AG Chairman Colm Kelleher said that the task of integrating…
Canada's Dividend Tax Change Aims to Collect Billions from Banks
Finance Minister Chrystia Freeland is planning to raise billions of dollars from…
World Bank predicts a lost decade ahead
Overlapping crises could lead to a sharp slowdown, the institution warns
Average…
China's industrial profits hampered by soft demand and elevated costs
As the world’s second-largest economy is still struggling to fully…
Signs of economic decline emerge in Russia
The opening months of Russia’s invasion of Ukraine last year drove…
Markets mistaken on US rate-cut bets, says BlackRock
The Federal Reserve will keep raising interest rates despite traders betting otherwise…
Gundlach predicts US recession will start in upcoming months
Doubleline Capital’s Jeffrey Gundlach said on CNBC that he expects a…
Recession in 2023 is unavoidable; layoffs in tech and finance to impact other sectors
More than a year ago, I forecast a recession would begin in…