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BUSINESS

Amazon crosses two trillion dollars in stock market value for the first time

Digital Desk -
Amazon.com has surpassed two trillion dollars (£1.59 trillion) in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s...
BUSINESS

Aramco says it will not increase oil production beyond 12m barrels per day

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
BUSINESS

JP Morgan Chase To Takeover US First Republic Bank

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

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

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

Markets close weaker as investors price in more rate hikes

Digital Desk -
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...
MARKETS

Iran enriching uranium to 60% purity at Fordo site

Digital Desk -
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...
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...
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