According to the Corriere Della Sera newspaper on Friday, the European Central Bank (ECB) is getting ready to write to Italy to express concerns over the government’s windfall tax on bank earnings. Rome’s last-week announcement of the tax without first notifying the Bank of Italy or the ECB as required by EU regulations will be…
After record-leading In the first half of the year, China’s new yuan loans are projected to drop significantly from June to July. Despite the Sputtering recovery, the central bank seeks to support the economy so that it may surpass the level of the prior year. According to the median estimate in the survey of 29…
As the first half of the year winds up this week, investors are eyeing the large hedged equity fund’s quarterly updates of its options positions, and portfolio managers’ quarter’s end rebalancing may influence U.S. stock moves. On Friday, it is anticipated that the S&P 500 stocks and options on the benchmark index, which held almost…
The bank released a statement on Thursday saying that the employees will be held accountable for adhering to the norms of the hybrid work model at Citigroup. According to the report released by Bloomberg, the bank will monitor whether the employees are meeting the requirement of working for at least three days a week in…
On Monday, European shares dipped as investors awaited further stimulus measures from China to boost demand. They also awaited and watched this week’s hearing from Federal Reserve Chair Jerome Powell for any indication on the U.S. central bank’s rate outlook. The STOXX 600 index for all of Europe decreased by 1.0%, while the DAX index…
South Korea’s outlook for the central bank to cut interest rates to boost economic growth is clouded. The reason is that consumer inflation has cooled down for the fourth month. Which hit the lowest in 19 months in May, but core inflation is still elevated. Last Friday, the Statics Korea data was released. The consumer…
Hawkes, who play a game of cat and mouse with the authorities, are hitting the streets as the sluggish economic recovery is not helping them with their wages. It was reported by many hawkers, one of whom was Wang Chunxiang. She sells pastries in the busy area of Shanghai. She chose to push the cart…
According to a survey released on Tuesday, British shop price inflation hiked this month and reached the highest value since the record was started in 2005, although there was a slight cooldown in the growth of food prices. According to the British Retail Consortium, there was a hike in prices at retail chains and supermarkets….
While the trading partner of Singapore (China) is struggling to get a boost after the COVID, as the economic outlook of the world weakens, the risk of a recession increases in the city-state as the economy of Singapore contracted in the first quarter. The borrowing costs have hiked, and inflation pressure is immense on the…
On Tuesday, the UBS group was in negotiations with Swiss authorities about loss protections related to the takeover of Credit Suisse Group AG and its regulatory capital requirements. There are still some kinks in the tie-up of the banks, and that issue was put together by the Swiss government over a weekend in mid-March, which…
