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Friday, February 3, 2023
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finance

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...
BUSINESS

Wells Fargo to pay $3.7bn over consumer loan violations

Digital Desk -
Consumer banking giant Wells Fargo has been ordered to pay $3.7 billion in fines and refunds to customers by US government regulators, the largest...
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...
BUSINESS

Credit Suisse to pay £207.5m to settle French tax fraud case

Digital Desk -
Credit Suisse has agreed to pay 238 million euros (£207.5 million) to settle tax fraud allegations, French prosecutors have said, in the latest blow...
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

Deutsche Bank subsidiary CEO resigns after ‘greenwashing’ raid

Digital Desk -
Deutsche Bank subsidiary DWS said its chief executive is resigning – hours after authorities raided its offices as part of a probe into claims...
ECONOMY

UK debt reaches highs not seen since 1960

Digital Desk -
The UK’s national debt hit a record £2.06 trillion (€2.3 trillion) at the end of September, up £259.6 billion in six months, according to...
FINANCE

US Federal Reserve vows to keep providing aid and does not expect rates hike

Digital Desk -
The US Federal Reserve has made clear that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting no...
WORLD NEWS

European Central Bank increases support to countries ravaged by pandemic

Digital Desk -
The European Central Bank has boosted its pandemic emergency support programme by 600 billion euros to 1.35 trillion euros in an effort to keep...
WORLD NEWS

India cuts interest rates to shore up Covid-19 ravaged economy

Digital Desk -
India’s central bank on Friday cut its key interest rate to 4% to revive the economy severely hit the Covid-19 outbreak and a two-month...
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