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Rising Interest Rates Complicating Financial Picture

Rising Interest Rates Complicating Financial Picture

Stocks news
11.04.2022

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are...

Shell Takes Major Loss from Russia Exit

Shell Takes Major Loss from Russia Exit

Shell will write down as much as $5 billion following its decision to exit Russia, more than previously disclosed. After revealing post-tax impairments of between $4 billion and $5 billion, the company’s shares fell 1.2% in London trading th...

Countries Coordinate to Keep Oil Price in Check

Countries Coordinate to Keep Oil Price in Check

Western countries are tapping more of their emergency oil reserves to help wean themselves off Russian crude. The International Energy Agency (IEA) said this week it would supply the oil market with 60 million additional barrels of crude from its...

Young People Drive Crypto Investment Surge in India

Young People Drive Crypto Investment Surge in India

India has seen a surge in cryptocurrency trading since the start of the coronavirus pandemic. Driven by its 750 million Internet users, the country is growing into a hotbed for crypto investment. In 2021, India ranked second behind only Vietnam in...

Tesla’s Berlin Factory Begins Production

Tesla’s Berlin Factory Begins Production

Last news
23.03.2022

Tesla opened its third assembly plant, on the outskirts of Berlin, Germany, and made the first deliveries of its Model Y sedan on Tuesday. With the carmaker's stock down 21% this year due to inflation, the ongoing pandemic, and rising interest...

Global Stocks Dip as Oil Jumps

Global Stocks Dip as Oil Jumps

The global economy continued to give mixed signals as it battled with the fallout from Russia’s invasion of Ukraine and lingering high inflation. US stocks slipped Monday just as shares dropped in China, Hong Kong and South Korea. The S&...

Global Stocks Steady After Fed Rate Hike

Global Stocks Steady After Fed Rate Hike

Economy news
18.03.2022

Europe's stock markets consolidated strong gains made in Asia on Thursday, after the US Federal Reserve pressed ahead with its first interest rate rise in more than three years. The EuroSTOXX 600 was steady, 0.1% lower after an initial rise. T...

Fed Finally Raises Interest Rates

Fed Finally Raises Interest Rates

Economy news
17.03.2022

In a much-anticipated move, the US Federal Reserve raised interest rates for the first time since 2018. The American central bank is hoping that higher interest rates, in concert with reduced pandemic-era fiscal support, will help reduce inflation....

Investors Pivot from Russia to Emerging Economies

Investors Pivot from Russia to Emerging Economies

Economy news
16.03.2022

With Russia no longer a market that investors can enter since the invasion of Ukraine, other emerging economies have started to take on new appeal. Several major US index providers have removed Russian stocks from their indexes. Trading shares of...

Global Bond Yields Increase on Inflation Fears

Global Bond Yields Increase on Inflation Fears

Stocks news
15.03.2022

Yields in the global bond market spiked on Tuesday as investors braced for the inflationary impacts of the war in Ukraine, with central banks expected to begin aggressive monetary tightening moves. The yield on 10-year Australian notes jumped eigh...

War in Ukraine Threatens Global Food Crisis

War in Ukraine Threatens Global Food Crisis

Global wheat prices hit an all-time high last week. Wheat supplies from Russia and Ukraine, which together account for almost 30% of global wheat trade, are starting to dwindle. Another major looming problem is access to fertilizers. Global fertil...

Gold Price Swings as Investors Seek Safe Haven

Gold Price Swings as Investors Seek Safe Haven

Gold continues to play a key role in the global economy, first in the fight against inflation and now in Russia’s invasion of Ukraine. The metal fell by the biggest margin in seven months amid a large selloff in commodities after a top Ukrai...

Biden Orders Study of Crypto Risks

Biden Orders Study of Crypto Risks

US President Joe Biden signed an executive order Wednesday establishing the first-ever federal strategy on cryptocurrencies, the White House said. Citing the fact that 16% of all Americans have invested in cryptos, the study will investigate six p...

List of Companies Leaving Russia Keeps Growing

List of Companies Leaving Russia Keeps Growing

Last news
09.03.2022

Russia is becoming increasingly isolated as sanctions and operating boycotts continue to be ratcheted up.  Large American companies McDonald's, Starbucks, PepsiCo and Coca-Cola have all announced they will be suspending operations in Russ...

Euro Struggles as Ukraine Conflict Start to Bite

Euro Struggles as Ukraine Conflict Start to Bite

FOREX news
08.03.2022

The euro fell to a nearly two-year low against the US dollar as commodity-dependent currencies hit multi-month highs after Russia’s invasion of Ukraine raised oil prices. The euro slid by about 1% to $1.0822, its lowest since May 2020. The c...

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