BoE raises Bank Rate by 25bps to 0.75% as widely expected. But surprisingly, it was done by a 8-1 vote, with Jon Cunliffe voting for no change at 0.50%. In the statement, BoE said, “some Read more…
The Bank of England condemns Russia’s unprovoked invasion and the suffering inflicted on Ukraine. The Bank is working closely with the UK Government to support its response in coordination with international authorities. The Bank’s Monetary Read more…
ECB President Christine Lagarde said in a speech the central has given itself some “extra space” in monetary policy by stating that rate hike will come only “some time” after ending net asset purchases. “This Read more…
The New Zealand dollar has edged higher on Thursday. NZD/USD is trading at 0.6855, up 0.24% on the day. The pair jumped 0.99% on Tuesday, buoyed by optimism over developments in China and Ukraine. New Read more…
Last night’s post-Fed rally on Wall Street has given way to a more cautious open Thursday as investors re-set rate expectations following a hawkish statement from chairman Jerome Powell. U.S. equity futures edged lower Thursday, Read more…
Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the Read more…
The price of oil has stabilised at $93 per barrel for WTI and $95 for Brent, after falling by more than a quarter from March 8th. Buyers’ support came on a correction to levels at Read more…
Following yesterday’s rate hike by the US Federal Reserve, it is the Bank of England’s turn to tighten its policy. The global economy faces elevated levels of inflation because of various factors, including from surging Read more…
Cost pressures and supply disruptions will combine for a ‘challenging’ first quarter, but Dollar General still sees full year sales growth of around 10% as shoppers look for discounted goods amid rising inflation. Dollar General Read more…
Amazon has offered aid, but its founder has not joined his fellow space-faring billionaires in taking a public stance while has company has not shut off AWS in Russia. Tesla (TSLA) – Get Tesla Inc Read more…