Financial Services

Jun 30, 2022

Sweden’s central bank raises interest rate to hit inflation

Sweden’s central bank has raised a key interest rate by half a percentage point to combat rapidly rising inflation and price increases that are spreading through the economy


Gas lines and scuffles: Sri Lanka faces humanitarian crisis
Jun 29, 2022

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund


Stocks open lower on Wall Street, extending a weak streak
Jun 29, 2022

Stocks open lower on Wall Street, extending a weak streak

Stocks are opening mostly lower on Wall Street Wednesday, extending a weak stretch for the market into a third straight day


Wall Street opens higher as China eases quarantine rules
Jun 28, 2022

Wall Street opens higher as China eases quarantine rules

Stocks are rising solidly higher in early trading on Wall Street Tuesday


Senior US officials visit Sri Lanka to help resolve crisis
Jun 27, 2022

Senior US officials visit Sri Lanka to help resolve crisis

Senior U.S. officials are in Sri Lanka seeking ways to help the island nation cope with an unprecedented economic crisis and severe shortages of essential supplies


EXPLAINER: What's the impact of a Russian debt default?
Jun 26, 2022

EXPLAINER: What's the impact of a Russian debt default?

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system amid its war in Ukraine


Bangladesh marks opening of country's longest bridge
Jun 25, 2022

Bangladesh marks opening of country's longest bridge

Bangladesh’s Prime Minister Sheikh Hasina has celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations


Stocks waver after rocky start amid recession worries
Jun 22, 2022

Stocks waver after rocky start amid recession worries

Stock indexes were mixed on Wall Street in afternoon trading Wednesday amid concerns about inflation and whether rising interest rates will help or hinder the economy


Powell: Fed aims to avoid recession but says it's possible
Jun 22, 2022

Powell: Fed aims to avoid recession but says it's possible

Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession


Stocks slip as falling oil prices weigh on energy sector
Jun 22, 2022

Stocks slip as falling oil prices weigh on energy sector

Stocks are opening lower on Wall Street as sharp drops in crude oil prices pull energy companies lower



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.