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Tuesday, March 5, 2024
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Aramco says it will not increase oil production beyond 12m barrels per day

Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million...

Switzerland ‘to become a net importer of cheese this year for the first time’

Switzerland will import more cheese than it exports this year for the first time, according to the head of the country’s dairy association. The opening...

JP Morgan Chase To Takeover US First Republic Bank

US Federal regulators have seized First Republic Bank and sold it to JP Morgan Chase in what is the third US institution to fail...

Yields drop but stocks hold steady after Fed’s latest interest rate hike

Stocks were holding relatively steady and yields were slumping after the Federal Reserve announced its latest hike in interest rates, while hinting it may...

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...

Iran enriching uranium to 60% purity at Fordo site

Iran has begun producing enriched uranium at 60% purity at the country’s underground Fordo nuclear plant, official media reported on Tuesday, describing it as...

Market Snapshot: Stocks mixed moves following rate hikes

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

Rate hikes continue – ECB raises rates by 0.75%

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...

Central banks under stress as bond yields rise

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

Sweden says Baltic Sea pipeline leaks probe ‘strengthens sabotage suspicion’

Sweden’s domestic security agency has said its preliminary investigation of leaks from two Russian gas pipelines in the Baltic Sea “has strengthened the suspicions...

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