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China takes next step in currency globalization, with some Hong Kong stocks priced in yuan kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
SHANGHAI/HONG KONG, June 16 (Reuters) - China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stoc...
The European Central Bank is expected to raise interest rates by a quarter-percentage point on Thursday as inflation continues to plague consumers, with analysts predicting a further hike in July. Although higher rates fight inflation, they can also weaken the economy and raise the risk of recession. However, the ECB is focused on targeting inflation, which is far above its goal of 2%. Even though overall inflation decreased from 7% in April, core inflation is still high at 5.3% and coming down only slowly. The Fed decision to pause its interest rate hikes doesn't preclude more increases, and two further hikes are possible this year.
The Fed has paused. How long will Europe's central bank keep raising rates in a shaky economy? clickondetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clickondetroit.com Daily Mail and Mail on Sunday newspapers.
The Fed has paused. How long will Europe's central bank... accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
While the U.S. grew in Q1, Europe slid into recession fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
BlackRock last week ditched a long-held underweight position in gilts, saying market expectations for more Bank of England interest-rate hikes were overdone, and enough to trigger a “severe recession.”