UK business leaders expect one more interest rate rise amid signs that they believe inflation is stabilizing at elevated levels, according to a survey that forms a key part of the Bank of England’s policy discussions.
The European Central Bank is likely to raise interest rates next month assuming its outlook for the economy doesn’t change significantly as a result of the recent financial turmoil, Chief Economist Philip Lane reiterated.
The approaching US earnings season is expected to be the gloomiest since the pandemic, according to Goldman Sachs Group Inc. strategists.
Vice President Kamala Harris on Thursday plans to announce what the Biden administration is calling the largest community solar effort in US history, enough to power 140,000 homes and businesses.
The Biden administration criticized Beijing for measures it took against American and other foreign companies in China, with a US official saying the actions are worrisome and inconsistent with pledges from Chinese officials to maintain an open business environment.
Scotland’s former first minister, Nicola Sturgeon, pulled out of her first public engagement since her husband was arrested in a probe into Scottish National Party finances, as police continued a search of the couple’s home in Glasgow.
India unexpectedly left its benchmark interest rate unchanged and pledged to hike again if needed, joining other central banks in pausing as global banking woes add uncertainty to the economic outlook.
Saudi Arabia is leading efforts to formally bring Syrian President Bashar al-Assad back into the Arab inner circle as early as next month, in what would be a win for Iran and Russia and in defiance of US warnings after more than a decade of conflict.
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.
More and more UK companies might be touting the lure of deeper capital markets in New York, but few have found success overseas.
