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Friday, January 27, 2023
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CATEGORY

FINANCE

Bank of Japan loosens bond yield cap in surprise move

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

Markets close weaker as investors price in more rate hikes

Inflation is close to it's peak, as CPI data suggests going from 10.4% to 10% over November, but rate hikes are still on the...

Digital Payment Company, Stripe Cuts Workforce By 14%

Stripe announced lays off 14% of global workforce Stripe the digital payment firm based in Dublin has announced a 14% cut in their total workforce. Founded...

Zimbabwe Launches Gold Coins As Legal Tender To Curb Inflation

Zimbabwe launched gold coins to the public in an unprecedented move to curb inflation and boost confidence in the local currency. This move was announced...

‘The dream comes true’: Croatia to start using euros in January

European Union leaders have agreed that Croatia will join the group of countries using the euro in January, bringing the number of nations sharing...

Europe’s central bank to hike rates in July

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

Journalists acquitted in Turkey over reports on currency crisis

A Turkish court on Friday acquitted two reporters for the US-based Bloomberg news agency who were accused of trying to undermine Turkey’s economic stability...

Inflation in 19 nations using euro sets record of 5.8%

Inflation in Europe hit a record high for the fourth month in a row, raising questions about when the central bank should step in...

IMF calls on El Salvador to drop Bitcoin as legal tender

The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the...

Norwegian Air ‘has been saved’, says chief executive

Low-cost carrier Norwegian Air Shuttle has been saved, its chief executive said, adding it had “written history” after the ailing airline struggled with the...

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