Financial Services

China eases control to let ruble fall faster against yuan
Mar 10, 2022

China eases control to let ruble fall faster against yuan

China is easing government exchange rate controls to let the Russian ruble fall faster in value against the Chinese yuan in a move that would help to insulate Beijing from economic sanctions on Moscow


Russia built an economy like a fortress but the pain is real
Mar 10, 2022

Russia built an economy like a fortress but the pain is real

Sanctions are hitting Russia's economy hard


Europe's central bank pulled two ways by war in Ukraine
Mar 10, 2022

Europe's central bank pulled two ways by war in Ukraine

The war in Ukraine is squeezing the European Central Bank between conflicting pressures, propelling energy prices and inflation higher while exposing Europe to a potential hit to economic growth


Biden signs order on cryptocurrency as its use explodes
Mar 9, 2022

Biden signs order on cryptocurrency as its use explodes

President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency


Live updates: Singapore announces sanctions against Russia
Mar 5, 2022

Live updates: Singapore announces sanctions against Russia

Singapore has announced sanctions against Russia over its invasion of Ukraine, becoming one of the few governments in Southeast Asia to do so


Stocks tumble; 'fantastic' US jobs data can't overshadow war
Mar 4, 2022

Stocks tumble; 'fantastic' US jobs data can't overshadow war

Stocks around the world are tumbling Friday, as even a gangbusters report on the U.S. jobs market can’t pull Wall Street’s focus off its worries about the war in Ukraine


Stocks end another bumpy day lower and crude oil prices ease
Mar 3, 2022

Stocks end another bumpy day lower and crude oil prices ease

Stocks ended another bumpy day lower on Wall Street and crude oil prices eased back as markets remain concerned about the broader impact of Russia’s invasion of Ukraine


EXPLAINER: A look at West's tightening sanctions on Russia
Mar 3, 2022

EXPLAINER: A look at West's tightening sanctions on Russia

The United States and allies are stepping up sanctions against Russia over its invasion of Ukraine


Asian stocks rise after Fed chair supports smaller rate hike
Mar 3, 2022

Asian stocks rise after Fed chair supports smaller rate hike

Asian stock markets have rebounded and oil prices climbed after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected


Powell tells Congress that Fed will raise rates this month
Mar 2, 2022

Powell tells Congress that Fed will raise rates this month

Chair Jerome Powell said he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed



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.