Last News

Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s trading. Within a week, the social media ...

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced “serious concerns” ...

The Bank of England (BoE) is expected to hike interest rates again this week as it continues to pull away from its pandemic-era stimulus that includes a slowing of its bond-buying plan. A majority of influential economists said in a ...

German government bond yields surged on Tuesday, driven by investor expectations that the European Central Bank (ECB) will announce more rapid policy tightening after its meeting on Thursday. Germany's influential 10-year government bond yield rose 2.5 basis points, reaching 0.038%, ...

While many developed economies battle with high inflation and the decision whether to hike interest rates or not, Australia’s cash rate remains at a record low of 0.1%. Minutes from the Reserve Bank of Australia’s February meeting revealed the country’s ...

The price of gold tumbled for a fourth consecutive session on Monday, pushing the precious metal toward its biggest monthly fall in nearly six months. The drop was fueled by a strengthening US Dollar that continued to rise on the ...

The IMF reduced its projections for global growth to 4.4%, down by 0.5%, which is significant in global terms. In particular, the group said the world’s number one and two economies, the US and China, would grow more slowly than ...

Chile’s central bank plans to raise its benchmark interest rate to 5.25%, a level not seen in a decade. Analysts expect this to come in the form of a third consecutive interest rate hike of 125 basis points. With all ...

Japanese technology stocks on the Nikkei index showed signs of being weighed down by concerns over the US Fed’s hawkishness around interest rate hikes. US tech stocks started the trend early in the week’s trading by suffering strong losses that ...

The price of Bitcoin fell to below $33,500 in Monday’s trading as cryptocurrencies continued to take a hammering. Crypto has kept falling in tandem with US stocks since the turn of the year, albeit to varying degrees, as investors weigh ...

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any ...

Russia's central bank has proposed a ban on the use and mining of cryptocurrencies on its soil. Citing the speculative demand that drives much of crypto’s gains as a dangerous threat, the central bank wants to crack down on almost ...

Responding to lingering concerns over supply, oil prices responded to strong short-term demand by trading at highs last seen in 2014. After last week’s trading, Brent crude futures reached $89.17 a barrel, its highest level since October 2014. US West ...

Chinese President Xi Jinping appealed directly to major central bank bosses to resist increasing interest rates to ensure global financial stability. Speaking this week at a World Economic Forum event, China’s leader asked major world economies to instead work in ...

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of ...