Just days after pausing rate hikes, Fed official calls for more increases
The dust has barely settled on the Federal Reserve's decision to pause its aggressive rate-hiking campaign — but in public appearances Friday, central bank officials have a clear message: Keep hiking.
2023-06-16 23:52
Hong Kong interbank rates rise; one-week Hibor climbs to highest in 16 years
By Georgina Lee HONG KONG Hong Kong interbank rates rose across all tenors on Friday, with the overnight
2023-06-16 12:18
iPhone maker Foxconn to switch to cars as US-China tensions soar
The firm, which makes over half of the world’s Apple products, is looking for its next big growth driver.
2023-06-16 05:45
ECB mulls changing spread between rates in step towards new era - sources
FRANKFURT European Central Bank policymakers began this week a debate on evening out the "corridor" between the ECB's
2023-06-16 01:16
How the Fed hid a rate hike in its rate "cuts" for 2024
By Howard Schneider WASHINGTON The outlook from U.S. Federal Reserve officials at their meeting this week sees interest
2023-06-16 00:59
European Central Bank hikes interest rates to highest level in 22 years
The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved by evidence of a mild recession in the 20 countries that use the euro.
2023-06-15 23:20
Why Walmart's new bet on fashion brands, home decor threatens specialty chains
By Siddharth Cavale Price-conscious shoppers flock to Walmart Supercenters to pick up $1 potato chips and $3 gallons
2023-06-15 22:56
UAE Lenders Fill Turkey Financing Void Left by Global Banks
United Arab Emirates-based banks are increasing loans to their Turkish counterparts, filling a gap left by Western lenders
2023-06-15 19:18
Hugo Boss lifts 2025 sales target
(Reuters) -German fashion house Hugo Boss on Thursday said it expected its sales to grow more by 2025 than it
2023-06-15 13:58
New Zealand: Economy slips into recession after interest rate hikes
The country's central bank has aggressively raised interest rates since October 2021.
2023-06-15 11:48
Economists are torn on whether the Fed's pause will backfire
The Federal Reserve's June rate pause could hurt its goal of getting inflation down to 2%, some economists say.
2023-06-15 05:51
Traders bet Fed will follow June 'skip' with summer hike
Traders added to bets the Federal Reserve will soon be back to raising U.S. interest rates after skipping
2023-06-15 02:19