The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday’s lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half...
Global stock markets plunged as they opened to the news of the shotgun buyout of Credit Suisse by rival UBS. Swiss authorities had hoped the takeover will calm investors. Stock markets remained jittery on Monday...
Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...
The dramatic shift in expectations for Fed policy is a potent shock, with reverberations throughout the capital markets. The business press was full of accounts putting the nearly 50 bp decline in the US two-year...
In a joint statement, US authorities said they would work to protect depositors, and said losses would not be borne by the taxpayer. President Joe Biden said he would make a further statement on Monday...
Seeing the drama he inspired on Tuesday, the Fed chair tried soft-pedaling the idea that he was signaling a 50 bp hike in March. The market did not buy it. And the odds, discounted by...
womenThe number of women on the tech startup scene is growing, and so is their frustration with sexist treatment. But that could be a good sign. It was the best of times, it was the...
This financial system is the backbone of any economy because the efficiency with which the financial system works from lending to investing, plays a very important role in the economic development of a nation. Climate...
To comply with the “Swissness” law, Toblerone has to remove the famous Matterhorn peak from some of its packaging as production moves to Slovakia. The US-owned company will replace the logo with geometric mountains. The...
The phenomenon of the Streisand effect is that it kind of prevents access to have an opposite result or to elude the heedless outturn of sketching considerable attention towards it. The term originated for Barbra...
Many investors may be skeptical of the accuracy of Chinese data, but its stronger than expected February PMI animated the animal spirits and bolstered risk-taking appetites. Asia Pacific equities jumped, led by the 4.2% rally...
German industrial giant Siemens is eyeing lucrative business opportunities as the Indian government attempts to modernize the nation’s railway infrastructure. Last month, German engineering giant Siemens received the largest locomotive order in its history from...