Financial Services

Aug 17, 2023

China's yuan falls against dollar, raising questions about weaker currency to boost exports

China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump


China's government tries to defuse economic fears after real estate developer's debt struggle
Aug 17, 2023

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy


Stock market today: Wall Street falls as the bond market cranks up the pressure
Aug 16, 2023

Stock market today: Wall Street falls as the bond market cranks up the pressure

Wall Street's messy August worsened on Wednesday as the S&P 500 extended it losses in afternoon trading


Russia's ruble has tumbled. What does it mean for the wartime economy?
Aug 15, 2023

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide


Russia's central bank makes huge interest rate hike to try to prop up falling ruble
Aug 15, 2023

Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia’s central bank has made a big interest rate hike in an emergency move designed to fight inflation and strengthen the ruble


Aug 15, 2023

Russia’s central bank raises key interest rate by 3.5% after the ruble hits lowest point since early in war with Ukraine

Russia’s central bank raises key interest rate by 3.5% after the ruble hits lowest point since early in war with Ukraine


Russia's ruble hits its lowest level since early in the war. The central bank plans to step in
Aug 14, 2023

Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports


Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Aug 14, 2023

Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate

Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy


Forensic audit into Lebanon's central bank reveals misconduct and 'illegitimate' commissions
Aug 11, 2023

Forensic audit into Lebanon's central bank reveals misconduct and 'illegitimate' commissions

A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank’s former governor and $111 million in “illegitimate commissions.”


What's behind the tentative US-Iran agreement involving prisoners and frozen funds
Aug 11, 2023

What's behind the tentative US-Iran agreement involving prisoners and frozen funds

The United States and Iran have reached a tentative agreement that will eventually set free five detained Americans in Iran and an unknown number of Iranians imprisoned in the U.S. after billions of dollars in frozen Iranian assets are transferred from banks in South Korea to Qatar



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.