Germany Slips into Recession as Inflation Hits Europe’s Largest Economy
Europe’s largest economy has been pushed into a recession by persistent inflation, last year’s energy price shock, reduced consumer spending and dried-up Russian gas supplies...
Category : WORLD
Wall Street Ended Sharply Lower on US Debt Ceiling Jitters
Wall Street stocks finished sharply lower on Tuesday as investor jitters grew over a lack of progress in US debt limit talks. Representatives of President...
European Markets Saw Greater Decline than Wall Street as Stalled US Debt Talks Hit Risk Appetite
European stock markets closed lower on Tuesday posting heavier losses than US equity futures over investors’ nervousness about the lack of a deal after the...
Asian Stocks And Futures Traded Mixed During Early Opening Hours Over US Debt Ceiling Uncertainty
Asian Indices traded mixed on Wednesday as concerns among investors remain grown over the very little progress made so far ability in the ongoing US...
First Citizens Sues HSBC for Allegedly Poaching SVB Staff
First Citizens BancShares Inc, the acquirer of Silicon Valley Bank (SVB) after its collapse, has filed a lawsuit against HSBC Holdings PLC, alleging that HSBC...
Asian Markets Mixed Amid China Growth Worries and US Debt Ceiling Negotiations
On Friday, Asian markets were uneven, with China and Hong Kong equities falling due to fears about the world’s second-largest economy’s stalling recovery, while Japan’s...
Euro’s Use in International Payments at 3-Year Low, Yuan at 5-Month High
The euro’s use in international payments fell to its lowest level in three years in April as usage of the US dollar rose, while the...
European Markets’ Mixed Reaction Towards US Debt Ceiling Uncertainty
European Stock Markets slid amongst the US debt Ceiling uncertainty and ahead of the release of the final eurozone inflation figures for April. Europe’s region-wide...
Argentina Raises Interest Rates to 97% to Tackle 100% Inflation
Argentina’s Central Bank hiked its benchmark interest rate by six percentage points on Monday, to 97%, in a bid to combat surging inflation, which has...
Gold Could Rise to New Record High if the US Defaults
As the debate over lifting the debt ceiling in the United States continues to create uncertainty, gold has emerged as an increasingly attractive investment option....
