Bank of England officials are expected to take their foot off the accelerator when they meet this week to decide how much the cost of borrowing should rise. The prospect of a year-long recession that would hit living standards, reduce business investment and damage the UK economy’s long-term productive capacity might have made them think …
Bank of England set to spoil party mood with another interest rate hike Read More »
(Bloomberg) – The world’s biggest central banks will end the most aggressive year for interest rate hikes in four decades this week as their fight against inflation still isn’t over, even as their economies slow. . Bloomberg’s Most Read The US Federal Reserve is expected to raise its benchmark rate by 50 basis points on …
The 24-hour hike that ends a year of fighting inflation Read More »
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold more than 480 points on Monday. Tesla stock plunged after several reports announced that Tesla plans to cut production of electric vehicles in China as demand appears to be weakening. X The electric vehicle giant has refuted the reports, …
Dow Jones plunges 480 points as investors fear Fed rate hike through 2023 Read More »
Indian startups raised $1.27 billion in funding in November – the highest in a month since June, when a funding slowdown became palpable and began to hit India’s funding market. The rise in funding last month was primarily driven by early and growth-stage funding rounds that crossed the $1 billion mark in revenue after more …
Investors remain cautious despite November funding hike to $1.27 billion Read More »
The MTA plans to raise fares and tolls by 5.5% next June to help address a major budget shortfall caused by declining ridership since the start of the pandemic, officials said Wednesday. The increase is greater than the 4% increases in fares and tolls the MTA implemented every two years from 2009 to 2019. The …
MTA plans 5.5% rate hike next year, needs $600 million more to make up shortfall Read More »
Malaysia’s shares have changed little as the country’s wait for a new prime minister continues Shares listed in Malaysia were little changed as the country’s political stalemate continues and local media reported that Malaysia’s King, the Yang di-Pertuan Agong, would make a decision, without giving a timeline. The benchmark KLCI fell 0.09% after two negative …
