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European central banks raise interest rates to fight soaring inflation

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:9 mins read

The SNB unexpectedly increases by half a percentBank of England raises rates by 25 basis pointsHungary unexpectedly raises one-week deposit rateInflation painfully high and not yet at its peakBERN/LONDON, June…

Continue ReadingEuropean central banks raise interest rates to fight soaring inflation

Swiss National Bank hikes rates in shock move, ready for more

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:10 mins read

The Swiss National Bank (SNB) building is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd WiegmannJoin now for FREE unlimited access to Reuters.comRegisterSNB raises rates for the first time since…

Continue ReadingSwiss National Bank hikes rates in shock move, ready for more

Russian gas flows to Europe plummet, hampering attempts to restock stores

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:11 mins read

A train passes oil tanks at the NNK-Primornefteproduct oil depot in the Far Eastern port of Vladivostok, Russia June 11, 2022. REUTERS/Tatiana MeelJoin now for FREE unlimited access to Reuters.comRegisterNord…

Continue ReadingRussian gas flows to Europe plummet, hampering attempts to restock stores

IKEA puts Russian factories up for sale, plans job cuts

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:8 mins read

Stores in Russia will remain closedWill seek to sell factoriesAims to reduce the workforce by 15,000 peopleIngka's 14 "MEGA" shopping centers in Russia will remain openSTOCKHOLM, June 15 (Reuters) -…

Continue ReadingIKEA puts Russian factories up for sale, plans job cuts

Analysis: Market crash exposes Europe’s divisions

  • Post published:June 16, 2022
  • Post category:Market
  • Reading time:11 mins read

Market rout highlights Europe's Achilles heelECB tries to restore confidence dampened by soaring pricesMinisters are deadlocked over a decade-old plan to support banksLONDON, June 16 (Reuters) - A market sell-off…

Continue ReadingAnalysis: Market crash exposes Europe’s divisions

ECB emergency meeting lifts Europe, Fed ready to move forward

  • Post published:June 15, 2022
  • Post category:Business
  • Reading time:12 mins read

News of emergency ECB meeting drives Italian markets higherThe market is almost fully priced for the Fed to hike 75 basis pointsEuro rally knocks dollar off 20-year high, US yields…

Continue ReadingECB emergency meeting lifts Europe, Fed ready to move forward

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

  • Post published:June 12, 2022
  • Post category:Business
  • Reading time:9 mins read

June 12 (Reuters) - It might look and smell like McDonald's, but now it's Vkusno & tochka. The golden arches are gone, the fish fillet is just a fish burger.…

Continue ReadingTasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

Russia lowers its key rate to 9.5% before the crisis

  • Post published:June 12, 2022
  • Post category:Economy
  • Reading time:8 mins read

The central bank lowers its key rate by 150 basis pointsSays inflation is lower than expectedGovernor notes sanctions risksRussia must avoid stagflationNext pricing meeting scheduled for July 22June 10 (Reuters)…

Continue ReadingRussia lowers its key rate to 9.5% before the crisis

Searing US inflation hammers European stocks amid recession fears

  • Post published:June 11, 2022
  • Post category:Economy
  • Reading time:9 mins read

The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 9, 2022. REUTERS/StaffJoin now for FREE unlimited access to Reuters.comRegisterAnnual inflation…

Continue ReadingSearing US inflation hammers European stocks amid recession fears

MARKETS LIVE A green future: private financing and the involvement of retail investors

  • Post published:June 11, 2022
  • Post category:Personal Finance
  • Reading time:20 mins read

DJI is progressing; S&P 500, Nasdaq down; banks rally, tokens, NYFANG slideEnergy leads the S&P 500 sector gainers; weakest technology groupEuro STOXX 600 index down ~1.3%Bitcoin, gross gain; dollar ~…

Continue ReadingMARKETS LIVE A green future: private financing and the involvement of retail investors
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