Russia’s central bank tries to prop up ailing economy with rate cut – POLITICO
It’s unusual for a central bank to lower its policy rate while revising its inflation outlook upward, since…
Euro-Zone Business Activity Unexpectedly Hits Highest Since 2024
Business activity in the euro area unexpectedly reached its highest level since May 2024 as outperformance by Germany…
Turkish central bank cuts key rate to 39.5%, flags inflation risk
The Turkish central bank cut its benchmark, one-week repo rate by 100 basis points to 39.5% on Thursday,…
China Finds Costly New Way of Boosting Xi’s Global Yuan Push
China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering…
McKinsey Says Bank Profits Face Possible $170 Billion AI Hit
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
Bank of Korea rate decision, Kospi, Nikkei, HSI
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after…
Bullish Dollar Signals Emerge With Delayed CPI Release Looming
The dollar has kicked off the quarter on a firmer note, and there are signs traders are bracing…
Stocks Hold Near Record on Earnings as Gold Sinks: Markets Wrap
A rally that put stocks on the cusp of all-time highs wavered, with traders gearing up for inflation…
Turkish central bank seen slowing rate cut pace amid inflation caution
The Turkish central bank is all but sure to slow the pace of its interest rate cuts when…
Japan parliamentary vote, Australia rare earth shares rise
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in…
Mortgage rate and Budget caution impact the housing marketÂ
Mortgage rates have plateaued over the last month, with some average rates rising and others falling, as lenders…