Banks Offering 5.15% 1-Year CD Rates: A Roundup
These days, if you’re depositing your nest egg in a traditional…
News
Philippines Returns to Deficit in February
The government reverted back to a budget deficit in February after a…
World Bank Forecasts Sri Lankan Economy to Shrink by 4.3%
Amid the ongoing economic crisis, the Sri Lankan economy is projected to…
Surprise Half-Point Rate Hike by RBNZ Causes Jump in Kiwi
New Zealand’s central bank unexpectedly raised interest rates by 50 basis…
Swiss Regulator Warns of Full-Scale Bank Run if Credit Suisse Goes Bankrupt
Allowing the bankruptcy of troubled lender Credit Suisse
would have crippled Switzerland’…
ECB Officials Unite in Support of Ending Rate Hikes Soon
A growing chorus of European Central Bank officials predicts that interest-rate increases…
Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts
Saudi Arabia hiked official selling prices for all of its oil sales…
UBS Chair Expects Credit Suisse Integration to Last Up to Four Years
UBS Group AG Chairman Colm Kelleher said the integration of Credit Suisse…
S&P 500 and Treasury Yields Drop as Recession Worries Intensify Amidst Soft Data
U.S. stocks lost ground on Wednesday and Treasury yields extended their…
World Bank Nominee Banga Backs Lending Expansion and Promises More
The U.S. nominee to run the World Bank, Ajay Banga, said…
Switzerland Lowers Bonus Payouts for Credit Suisse's Senior Management
Switzerland has instructed Credit Suisse (CSGN.S) to cancel or reduce all…
Inverted US Yield Curve Expected to Worsen, According to PGIM's Greg Peters
The US yield curve is set to invert even further, barring a…