The Swiss National Bank raised its benchmark interest rate by 50 basis points Thursday, taking it to 1.5%. The rate is the fourth consecutive hike and the change in policy rate is in line with analyst expectations. related investing news These 10 funds had over $100 million each in CreditContinue Reading
New York CNN — The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability. Investors and economists had widely anticipated the quarter-point increase despite the meltdown in the banking sector. Still, Federal Reserve ChairmanContinue Reading
Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-pointContinue Reading
Speaking in Brussels just over a week ago, Frost suggested that if the EU does not give way to its demands, the UK could seek to trigger Article 16 of the Protocol — a kind of emergency brake that allows either side unilaterally to implement measures, or “safeguards,” if theContinue Reading
LONDON — Britain’s record-breaking heatwave has spurred calls for the government to speed up efforts to adapt to a changing climate, especially after wildfires created the busiest day for London firefighters since bombs rained down on the city during World War II. The country got a break Wednesday from theContinue Reading
ISLAMABAD, Pakistan — Less than four months after Prime Minister Imran Khan was ousted from power in Pakistan, his party has won a sweeping victory in elections in the most populous province, proving that Mr. Khan remains a powerful force and adding to the political uncertainty that has embroiled theContinue Reading
Good morning. We’re covering the resignation of Sri Lanka’s president, election results in Japan and Russia’s bombardment of Donetsk, Ukraine. The mandate will give the lawmakers a new chance to pursue Abe’s long-held ambition of revising a clause that renounces war in the country’s pacifist Constitution. Better Understand the Russia-UkraineContinue Reading
On Wednesday morning, as London’s financial markets reopened after the resignations of senior ministers put Prime Minister Boris Johnson’s tenure in doubt, Britain’s benchmark stock market index rose more than 2 percent, alongside increases in other European markets. The British pound rose slightly against the U.S. dollar on Wednesday morning,Continue Reading
A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than a decade ago. Pressed by a government bond selloff,Continue Reading
Earlier this month, a Russian court extended WNBA star and two-time Olympic gold medalist Griner’s pretrial detention until at least June following her arrest. According to Russian authorities, Griner had cannabis oil in her luggage and has been accused of smuggling significant amounts of a narcotic substance — an offenseContinue Reading