Financial Services

Lebanon sets new exchange rate, dramatically devalues pound
Feb 1, 2023

Lebanon sets new exchange rate, dramatically devalues pound

Lebanon’s Central Bank has set a new exchange rate that effectively devalues the country’s currency by 90% but did little to bridge the gap with the soaring black market rate


Asian stocks higher ahead of Fed rate decision
Feb 1, 2023

Asian stocks higher ahead of Fed rate decision

Asian stock markets are higher after Wall Street rose ahead of what traders hope will be the last Federal Reserve interest rate hike for some time


Europe scrapes out economic growth by dodging gas disaster
Jan 31, 2023

Europe scrapes out economic growth by dodging gas disaster

Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants


Global shares fall in muted trading ahead of Fed meeting
Jan 31, 2023

Global shares fall in muted trading ahead of Fed meeting

Global shares are lower in muted trading as investors await decisions on interest rates and updates on corporate earnings reports from around the world


Goldman Sachs signals partial retreat from consumer banking
Jan 25, 2023

Goldman Sachs signals partial retreat from consumer banking

Goldman Sachs spent eight years attempting to expand its business beyond corporations and the wealthy


Hundreds in Baghdad protest devaluation of Iraq's currency
Jan 25, 2023

Hundreds in Baghdad protest devaluation of Iraq's currency

Hundreds of protesters have gathered near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency


Jan 23, 2023

Iraqi PM replaces Central Bank governor over currency drop

Iraq’s prime minister has replaced the governor of the country’s Central Bank following a weekslong plunge of the Iraqi dinar


Asian shares higher, many markets closed for Lunar New Year
Jan 23, 2023

Asian shares higher, many markets closed for Lunar New Year

Shares are higher in Asia, but most markets are closed for the Lunar New Year holiday


World markets rise after recession fears pull Wall St lower
Jan 20, 2023

World markets rise after recession fears pull Wall St lower

Shares are higher in Europe and Asia after Wall Street declined on worries that the U.S. economy is headed for recession


Asian markets rise after Wall St losses amid recession fears
Jan 20, 2023

Asian markets rise after Wall St losses amid recession fears

Asian stock markets are higher after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession



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.