UK Policymakers Try to Calm Panicked Markets

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Economy
26.09.2022

UK authorities are trying to soothe financial markets after plans by new Prime Minister Liz Truss to cut taxes while increasing borrowing caused alarm among investors concerned it could fuel inflation further and upend government finances.The Bank of...

US Fed Hikes Interest Rates to Highest Level Since 2008

8
Economy
21.09.2022

The US Federal Reserve has raised its key interest rate by a substantial three-quarters of a point for a third straight time.The Fed’s move pushed its benchmark short-term rate to 3.25%, the highest level since early 2008. The central bank also signa...

China Deepens Ties with Russia Through Coal Trade

12
Economy
20.09.2022

Ties between China and Russia are deepening, with Chinese trade providing Moscow with an economic lifeline as it faces international isolation over its war in Ukraine.China imported 8.54 million tons of Russian coal in August amid increasing energy d...

UK Company Insolvencies Shoot Past Pre-Pandemic Levels

9
Economy
19.09.2022

Following the end of pandemic-era support measures, the number of companies in the UK that declared insolvency last month was 42% higher than before the advent of COVID-19.Insolvencies dropped markedly during the pandemic, as the British government u...

Continued Fed Rate Hikes Affecting Bond Markets

14
Economy
14.09.2022

An increasing number of analysts are predicting that persistently high inflation will force the Federal Reserve to resort to the biggest increase in a key US interest rate in more than 40 years.At the last two meetings, the US Fed raised the targeted...

China's Trade Weakens as Global Demand Falters

12
Economy
08.09.2022

China's exports and imports slowed in August, with growth badly missing forecasts as surging inflation hobbled overseas demand and more COVID-19 lockdowns disrupted local output.Exports climbed 7.1% in August from a year earlier, slowing from an 18.0...

US Mortgage Rates Hit Highest Level Since 2008

13
Economy
11.09.2022

US mortgage rates scaled their highest level in 14 years, edging closer to 6% this week, as the market priced in continued aggressive Federal Reserve interest rate hikes.The 30-year fixed mortgage rate averaged 5.89% during the week ending September...

Turkish Inflation to Peak Above 80/100

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Economy
04.09.2022

Inflation in Turkey is set to climb to above 80% soon, more than 16 times the central bank’s official target. Analysts believe this will leave price expectations of Turkish consumers entrenched at elevated levels for years to come. For most of the ye...

India’s Economy Grows, But Falls Short of Expectations

21
Economy
31.08.2022

India, the third-largest economy in Asia, saw its GDP grow by 13.5% in the April-June quarter from a year earlier. This marks the fastest pace of growth in a year and comes amid concerns of growth slowing due to increased interest rates.The increase...

Sanctions Not Having Expected Effect on Russia’s Economy

31
Economy
30.08.2022

When Western countries imposed a raft of sanctions on Russia earlier this year, after it invaded Ukraine, it was believed these punitive measures would have a devastating effect on the country’s economy.However, results have thus far been mixed. On o...