US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly to slash interest rates.The statement came after the Fed held its key interest rate steady at 4.25% to 4.50%.That decision…
US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as “highly provocative statements” made by Dmitry Medvedev, former Russian president and current Deputy Chairman of Russia’s Security Council.Trump emphasized the…
Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed defined-benefit pension liabilities to refocus on core business activities, the £1.4 trillion ($1.8 trillion) sector has become a lucrative target…
One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for a fifth this week, the overall burden on consumers has grown, underscoring the complexity of easing monetary policy amid lingering…
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…
The highlights of the week in terms of crypto in Latin America are that the US is raising tariffs for Brazil, and the trickle-down effect on how it influences investor behaviour around crypto, as increased economic frictions increase demand for cryptocurrencies like Bitcoin and stablecoins.Bolivia, on the other hand, is…
The FTSE 100 Index reached a record high of £9,192 this week as some of its top constituent companies, including IAG, Rolls-Royce, Shell, HSBC, and Standard Chartered, published their earnings. The index will be in the spotlight next week as more companies release their earnings reports and the Bank of England…
Nio Inc (NYSE: NIO) rallied about 10% late on Thursday following news that its sub-brand Onvo saw its newly launched L90 electric SUV got sold out in less than three hours.L90’s launch event in Hangzhou concluded Thursday night – and shortly after, the online configurator went live, triggering a wave…
The Nifty 50 Index wavered this week, even as the trade war between the United States and India escalated. It was trading at ₹24,780 on Friday, a few points above this week’s low of ₹24,600. This article explores the impact of tariffs and some of the top stocks to watch…
The FTSE 100 Index reached a record high of £9,192 this week as some of its top constituent companies, including IAG, Rolls-Royce, Shell, HSBC, and Standard Chartered, published their earnings. The index will be in the spotlight next week as more companies release their earnings reports and the Bank of England…