Financial Services

Wall Street opens lower as global central banks raise rates
Sep 22, 2022

Wall Street opens lower as global central banks raise rates

Stocks are opening slightly lower on Wall Street and Treasury yields are rising as several central banks in Europe and Asia raised interest rates in what is becoming a global effort to fight inflation


AP: Probe finds evidence of bank boss' romance with top aide
Sep 22, 2022

AP: Probe finds evidence of bank boss' romance with top aide

Investigators say they found evidence a former Trump official who heads Latin America’s biggest development bank carried on a romantic relationship with his chief of staff


Turkish central bank lowers interest rate to 12%
Sep 22, 2022

Turkish central bank lowers interest rate to 12%

Turkey’s central bank has delivered another interest rate cut and lowered the benchmark rate by 1 percentage point to 12%


Sep 22, 2022

Japan central bank acts to stem yen's decline against dollar

Japan's central bank has intervened to stem the yen's decline against the U.S. dollar


Global stocks fall after Fed steps up inflation fight
Sep 22, 2022

Global stocks fall after Fed steps up inflation fight

Global stock markets are lower after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more increases


Bank of England pressed to follow US Fed with big rate hike
Sep 22, 2022

Bank of England pressed to follow US Fed with big rate hike

Britain’s central bank is under pressure to make another big interest rate hike Thursday


Asia stocks follow Wall Street down as Fed fights inflation
Sep 22, 2022

Asia stocks follow Wall Street down as Fed fights inflation

Asian stock markets have followed Wall Street lower after the Federal Reserve delivered another big interest rate hike and raised its outlook for more to cool galloping inflation


Iran targeted by apparent cyberattack amid protests
Sep 21, 2022

Iran targeted by apparent cyberattack amid protests

The website of Iran’s Central Bank was briefly taken down as hackers claimed to have targeted websites of several state agencies


Wall Street opens higher ahead of latest interest rate hike
Sep 21, 2022

Wall Street opens higher ahead of latest interest rate hike

Stocks are off to a modestly higher start on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve


Asian shares decline ahead of Fed decision on interest rates
Sep 21, 2022

Asian shares decline ahead of Fed decision on interest rates

Asian shares have mostly declined as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve in its bid to squash the highest inflation in decades



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.