Bank of England set to hold interest rates as economists debate 2024 cuts
LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…
India overtakes Hong Kong to become the world’s seventh largest stock market
India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the…
Fed is ‘disconnected’ from reality, must cut rates 5 times next year, portfolio manager says
The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy…
Case for gold fever: NewEdge Wealth sees record rush intensifying
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year…
Why cautious investors may want to look beyond high-yield savings accounts
Cautious investors piling into cash may want to consider other options. According to SPDR Exchange Traded Funds’ Matthew Bartolini, active…
Trump-admiring populist Milei wins in Argentina, edging the country closer to a dollarized economy
Argentina’s Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his…
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data…
Russian ruble slumps to near 17-month low, briefly moves past 100 against dollar
The Russian ruble briefly notched 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin‘s economic advisor blamed loose monetary…
Argentina markets slide after far-right libertarian Javier Milei’s win in primary vote
Pressure built on Argentina’s currency and stocks on Monday after a far-right libertarian who wants to axe the central bank…
