The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The...
A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate...
The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar-bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed...
A series of shocks have combined to send prices spiraling in the UK. Inflation is a global problem, but Boris Johnson’s government is being accused of making things worse for consumers. The UK is entering...
The two nations have agreed to end a trade dispute. The tariffs were imposed by former US President Donald Trump on national security grounds. The United States announced on Tuesday it would drop Trump-era aluminum and steel...
While the World Health Organization debates about downgrading Covid from a pandemic, the rise China and Hong Kong cases is striking. A lockdown in Shenzhen and restrictions in Shanghai, coupled with a record fine by...
The oil giant has announced it will take up a new tax residency and remove “Royal Dutch” from its name. The relocation follows a Dutch court order to slash its emissions by 2030. The Dutch...
Less than a year since the EU and UK struck a post-Brexit deal, the sides are apparently preparing for a trade war. Tensions over the Northern Ireland Protocol have pushed things to the brink. The...
The global capital markets are subdued today as investors wrestle with the rising virus, the shifting stance of several central banks, and a more tense geopolitical backdrop. Equity markets are struggling today. Most of the...
Ireland has long been seen as an outlier on corporation tax, particularly in the European Union. But suggestions it is willing to increase its rate comes as pressure mounts on Dublin to fall in line...
