Financial Services

Stocks drift, yields drop on latest sign of slowing economy
Apr 5, 2023

Stocks drift, yields drop on latest sign of slowing economy

Stocks are drifting on Wall Street and Treasury yields are falling following the latest signal that the U.S. job market is slowing


Stocks dip, yields drop on latest signs of slowing economy
Apr 5, 2023

Stocks dip, yields drop on latest signs of slowing economy

Stocks are dipping on Wall Street, and Treasury yields are dropping following the latest signals that the U.S. economy is slowing


Swiss regulators defend rescue of Credit Suisse via UBS deal
Apr 5, 2023

Swiss regulators defend rescue of Credit Suisse via UBS deal

Swiss regulators have defended the rescue of Credit Suisse through a controversial takeover by rival bank UBS as the best solution with least risk of spreading a wider crisis and severe damaging Switzerland’s standing as a financial center


New Zealand's central bank hikes key interest rate to 5.25%
Apr 5, 2023

New Zealand's central bank hikes key interest rate to 5.25%

New Zealand’s central bank surprised economists on Wednesday by imposing an aggressive half-point rate rise to bring its benchmark interest rate to 5.25%


Credit Suisse chairman admits failure, anger to shareholders
Apr 4, 2023

Credit Suisse chairman admits failure, anger to shareholders

The chairman of Credit Suisse has apologized to shareholders for failures and acknowledged the shock and anger felt as the 167-year-old Swiss bank is set to be swallowed up by rival UBS in a government-arranged takeover


World shares higher as inflation shows signs of abating
Apr 4, 2023

World shares higher as inflation shows signs of abating

Shares are mostly higher in Europe and Asia as investors watch for the latest moves by central banks given signs that inflation is abating in many regions


Wall Street opens flat ahead of this week's labor data
Apr 4, 2023

Wall Street opens flat ahead of this week's labor data

Stocks are opening flat on Wall Street Tuesday as investors brace for the first of three government employment reports coming this week


Stocks fall on Wall Street after weaker reports on economy
Apr 4, 2023

Stocks fall on Wall Street after weaker reports on economy

Stocks are falling on Wall Street after two reports on the economy came in weaker than expected


Australia pauses key interest rate at 3.6% after 10 hikes
Apr 4, 2023

Australia pauses key interest rate at 3.6% after 10 hikes

Australia’s central bank has left its benchmark interest rate on hold at 3.6% at its latest monthly meeting following evidence that inflation is falling


Swiss prosecutors probe Credit Suisse ahead of UBS takeover
Apr 3, 2023

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS



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.