Tag: Finance
Hawkish fed triggers global sell-off, UK stocks fall
UK shares dropped, tracking a fall in global equity markets after minutes of the U.S. Federal Reserve’s meeting showed the central bank‘s hawkish stance toward...
Euro zone business lending picked up
Lending to euro zone companies accelerated for the third straight month. European Central Bank data showed that reversing in part a steady decline in the early...
UniCredit shines on Orcel’s $18 BLN
Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros to them under his new strategy...
Dollar edges higher before US jobs report as Omicron fears ease
The dollar ticked higher amid a broadly calmer tone in markets. This is because the fears over Omicron’s impact eased. But the currency moves...
More time given to form new government – Swedish finance minister
Swedish Finance Minister Magdalena Andersson has been given more time to try to form a new government. She is hopeful of striking a deal with the...
Risks for German finance revolve around rates
The new president of Germany’s financial watchdog BaFin said that the greatest risks for the financial sector revolve around interest rates. BaFin President Mark...
Euro zone bond markets point to stagflation
Short-dated euro zone bond yields jumped. Long-term inflation expectations hit a new seven-year high. This is by putting pressure on European Central Bank officials for addressing...
EU pledges faithful application of global bank capital rules
The European Union published draft laws to faithfully implement the final batch of tougher global bank capital rules from 2025. After the initial rules, banks in Europe...
Emerging economies have embraced digital banking
It’s now entirely uncontroversial to make payments, transfer money, and communicate with banks entirely through mobile apps and websites. The rise of online-only challenger...
IMF Chief economists backs exemptions to German debt brake
Germany should apply its debt brake more flexibly and suspend it again if needed to favour investment. The International Monetary Fund’s chief economist told...
