A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia's invasion of Ukraine and the surge in crypto trading has created a range of new of new financial threats.
Colombia's central bank board raised the benchmark interest rate by 100 basis points to 5% on Thursday, significantly lower than expected even amid continued increases in inflation.
Which market has it right?With the first quarter of 2022 nearly over, the U.S.
A proposed multi-billion pound claim brought by thousands of asset managers, pension funds and financial institutions against major banks over alleged foreign exchange (forex) rigging has been blocked by a London court.
When euro zone interest rates turned negative in 2014, fixed income specialist Michael Hampden-Turner recalls having to explain to baffled bond investors how they could be charged to lend money to governments.
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In mid-March, U.S. central bankers raised interest rates for the first time since 2018 and published projections signaling a far more aggressive posture toward too-high inflation.
The United States is unlikely to face an economic recession in the next two years despite bond markets flashing warning signs, inflation at its highest in decades and rising geopolitical risks, portfolio managers at PIMCO and Amundi said.
The United States will not set any "red line" for India on its energy imports from Russia but does not want to see a "rapid acceleration" in purchases, a top U.S.
The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to revise up first quarter projections.
U.S. stocks were poised to end the biggest quarterly decline in two years on a down note on Thursday as worries about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve persisted.
U.S. stocks slumped to close out the first quarter on Thursday with its biggest quarterly decline in two years as concerns persisted about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve's response.
Gold on Thursday was headed for its best quarter since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.
Gold on Thursday was headed for its biggest quarterly gains since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.
Police imposed an overnight curfew in several parts of Sri Lanka's main city of Colombo early on Friday after protests over the government's handling of the country's worst economic crisis in decades turned violent, an official said.
Global stocks dropped on Thursday with U.S. shares sinking over 1.5%, as concerns about a recession and the Russian-Ukranian war spurred selling, while oil prices plunged over $6 as Washington launched a record release from its emergency oil reserves.
The dollar edged higher on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the energy shock that has resulted from the war weighed on Europe's economy.
The dollar rose on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the United States announced the largest release ever from its emergency oil reserve to try to blunt the energy shock from the war.
U.S. oil prices fell 7% to close just above $100 on Thursday as President Joe Biden announced the largest ever release from the U.S.
Switzerland has become more vulnerable to a shock from its inflated property sector, Swiss National Bank Vice Chairman Fritz Zurbruegg said on Tuesday, adding it is not the job of monetary policy to curb the risks.
As Canada's inflation outlook worsens, investors are betting the country's central bank will begin hiking its key interest rate in half-percentage-point increments, with the first of the rarely used upsized moves possibly coming as soon as next month.
Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at state-run oil company Petrobras over rising fuel prices, teasing the possibility of swapping out its chief executive.
Argentina's central bank is likely to hike the benchmark interest rate between 150 and 350 basis points in April, analysts and traders said, after the country finalized a $44 billion debt program with the International Monetary Fund.
U.S. consumer confidence rebounded from a one-year low in March amid growing labor market optimism, but rising interest rates amid high inflation could hurt purchases of motor vehicles over the next six months and constrain consumer spending.
Russia retaliated in what it has called an "economic war" with the West on Tuesday by offering to buy back its $2 billion Eurobonds maturing next month in roubles rather than dollars.
By Aftab Ahmed and Krishna N. DasNEW DELHI - Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, finding time to visit to one of the biggest buyers of Russian commodities since the international community began isolating Moscow for its invasion of Ukraine.
Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions as Western nations have so far rejected Moscow's demand for a currency switch.
Ghana's parliament approved a new 1.5% tax on electronic payments, known as the "e-levy," on Tuesday after the opposition walked out in protest.
France and Germany saw bigger than expected drops in consumer confidence this month as government steps to help with rising fuel costs and other inflation gave little relief following the impact of Russia's invasion of Ukraine, surveys showed on Tuesday.
Japanese policymakers escalated their warning against sharp yen falls, with the country's top currency diplomat saying Tokyo and Washington agreed to "communicate closely" on currencies as the world's third-biggest economy struggled to regain its footing.
