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of england andrew bailey dismissed any hopes of an interest rate cut in the near term. speaking at a conference hosted by the central bank of ireland in dublin earlier today, bailey said that it's "too early" to talk about a rate cut, given the continued risk of inflation. also today the international monetary fund warned that rapid wage growth in the eurozone will also keep inflation higher for longer. the imf urged the european central bank to hold interest rates at or near record highs through next year to keep a lid on price pressures. here's one economist we spoke to earlier. i ...

Early moves in U.S. financial markets on Wednesday indicated some aversion to riskier assets as investors assessed the impact of the surprise downgrade.

US stocks fell steeply on Tuesday as investors grew fearful that the turmoil in the banking sector has not been contained, and ahead of a key policy decision from the Federal Reserve.

In the early hours of trade, SGX Nifty was lower by 32 points, or 0.18%, thereby pointing to a negative opening for the market

Swedish electric vehicle company Polestar -- founded by Volvo and Zhejiang Geely Holding -- is starting trading on the Nasdaq today, June 24, following a special purpose acquisition company merger....