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finance
ECONOMY
Bank of Japan loosens bond yield cap in surprise move
Digital Desk
-
Dec 20, 2022
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
-
Dec 20, 2022
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
-
Dec 6, 2022
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
-
Oct 24, 2022
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
-
Jun 15, 2022
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
-
Jun 1, 2022
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
-
Oct 27, 2020
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
-
Jun 10, 2020
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
-
Jun 4, 2020
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
-
May 22, 2020
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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