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ECONOMY

ECONOMY

Yellen tells Congress US expected to hit debt limit next week

Digital Desk -
Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday and will then resort to...
ECONOMY

Bank of Japan loosens bond yield cap in surprise move

Digital Desk -
The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...
ECONOMY

Market Snapshot: Stocks mixed moves following rate hikes

Digital Desk -
The Bank of England (BoE) and US Federal Reserve raised their interest rates by 75 bps last week. European equities rose in value, whilst...
ECONOMY

Rate hikes continue – ECB raises rates by 0.75%

Digital Desk -
The ECB raised its key policy rate by 75bps from 0.75% to 1.59%, reaching its highest level since 2009. The ECB also made changes to...
ECONOMY

Central banks under stress as bond yields rise

Digital Desk -
The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...
ECONOMY

Hungary fines Ryanair for raising ticket prices to cope with Covid recovery tax

Digital Desk -
Hungary has accused Ryanair of consumer protection violations and fined it more than £600,000 after the budget carrier raised ticket prices to cope with...
ECONOMY

Bank of England confirms largest interest hike in over 25 years as long recession looms

Digital Desk -
The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on...
ECONOMY

European Central Bank vows to create backstop against market turmoil

Digital Desk -
The European Central Bank (ECB) has vowed to create an unspecified market backstop that could be used to buffer some countries against bond market...
BUSINESS

Europe’s central bank to hike rates in July

Digital Desk -
The European Central Bank (ECB) said on Thursday that it would carry out its first interest rate increase in 11 years in July, followed...
ECONOMY

Eurozone inflation hits record 8.1% amid rising energy costs

Digital Desk -
Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...
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