Financial Services

Turkey's deal with UAE to build foreign exchange reserves
Jan 19, 2022

Turkey's deal with UAE to build foreign exchange reserves

The Turkish central bank says it and the United Arab Emirates have agreed to a currency swap deal equivalent to $4.74 billion to boost Turkey’s depleted foreign exchange reserves


US, allies pledge unity on Russia; to do what isn't as clear
Jan 19, 2022

US, allies pledge unity on Russia; to do what isn't as clear

President Joe Biden has rallied European allies to pledge as one that they will take tough measures against Russia if it rolls troops into Ukraine


Technology, bank stocks drag Wall St to new low for 2022
Jan 18, 2022

Technology, bank stocks drag Wall St to new low for 2022

Stocks fell to a new low for the year on Wall Street Tuesday and bond yields surged amid renewed jitters the Federal Reserve will lift interest rates to tackle rising inflation


Stocks fall broadly on Wall Street, led by tech, banks
Jan 18, 2022

Stocks fall broadly on Wall Street, led by tech, banks

Stocks fell broadly in morning trading on Wall Street Tuesday as investors review the latest batch of corporate earnings and continue monitoring rising inflation and the virus pandemic


Goldman Sachs Q4 profits fall as compensation costs soar
Jan 18, 2022

Goldman Sachs Q4 profits fall as compensation costs soar

Goldman Sachs’ said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees


Asia shares mostly lower as investors mull likely rate hike
Jan 18, 2022

Asia shares mostly lower as investors mull likely rate hike

Asian shares are mostly lower while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates


Senior ECB official: rate rise too soon could choke recovery
Jan 15, 2022

Senior ECB official: rate rise too soon could choke recovery

A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate


Biden nominates 3 to Fed board, including first Black woman
Jan 14, 2022

Biden nominates 3 to Fed board, including first Black woman

President Joe Biden will nominate three people to the Senate for the Federal Reserve’s Board of Governors


Tech stocks lead Wall Street lower again, Nasdaq falls 2.5%
Jan 13, 2022

Tech stocks lead Wall Street lower again, Nasdaq falls 2.5%

Technology stocks led another decline on Wall Street Thursday, leaving the Nasdaq composite down 2.5%


World stocks retreat as inflation augurs Fed rate hikes
Jan 13, 2022

World stocks retreat as inflation augurs Fed rate hikes

Shares are mostly lower in Europe and Asia after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in coming months



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.