Turkey central bank raises interest rate to 50%
A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images …
Breaking News: Economy
Dubai’s Parkin surges 30% in UAE’s first IPO of the year
Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates. Dominika Zarzycka | SOPA Images | …
Bitcoin rebounds above $67,000 as it shakes off $200 billion slump
CFOTO | Nurphoto | Getty Images Bitcoin held above $67,000 on Thursday, as global markets rallied after the Federal Reserve signaled it would cut interest rates this year. The digital …
How interest rates have changed even as the Fed holds steady
Hinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher …
Central bank holds rates steady, maintains three cuts coming
The Federal Reserve on Wednesday held interest rates steady as expected and signaled it still plans multiple cuts before the end of the year. Following its two-day policy meeting, the …
Gold prices have been hitting record highs — here’s why the rally is far from over
People browsing gold jewelry in Istanbul. Burak Kara | Getty Images News | Getty Images The rally in gold continues with prices hitting an all-time high on Thursday — and …
European Central Bank’s Lagarde says June data key for rate cut decision
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images European Central …
What to expect from the Federal Reserve’s policy meeting Wednesday
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC. Chip …
The ocean freight market is in standoff as peak contract season hits
March and April are critical months for ocean carriers looking to ink annual freight contracts with shippers, including the world’s biggest retailers, but this year contract season is turning into …
Fed and others to make ‘major progress’ on rates this year: BIS chief
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters The Federal Reserve and the European Central Bank look poised …