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28 January
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Bank of Canada claims financial system will withstand risks of rate hikes
Growing threats to stability caused by interest rate hikes and inflation are currently posing serious difficulties for many Canadian households.
23 November 2022
Citigroup plans to make more deals in the Gulf region
During the two last years, Citigroup Inc increased the staff of the investment banking division by 50%. New employees were hired in the United Arab Emirates and Saudi Arabia.
23 November 2022
Flooding in eastern Australia worsens wheat harvest
Flooding in eastern Australia has reduced the quality of the wheat crop of one of the world's largest exporters, leading to a global shortage of high-quality grain used to make bread and ramen noodles.
23 November 2022
Europe may avoid a gas crisis this winter
According to Trafigura Group, one of the world’s largest exchange companies specialized in commodity trading, Europe may avoid a natural gas shortage this and the following year.
23 November 2022
API revealed decline of 4.8 million barrels in U.S. crude stockpiles last week
On Tuesday, The American Petroleum Institute (API) data showed that U.S. crude stockpiles dropped more than market expectations last week. At the same time, product inventories, including gasoline, showed an increase.
23 November 2022
Goldman expects 10-year Treasury Yields to be 4% or higher until 2024
The Federal Reserve System is fighting inflation and limiting the economic downturn successfully, so U.S. benchmark bonds will trade at 4% yield level or higher.
23 November 2022
First batch of Brazilian corn heads to China this week
The first ship heading the Brazilian corn will sail to China on Wednesday. It was a result of a deal the countries concluded earlier.
23 November 2022
New Zealand increased interest rate to record levels
On Wednesday, New Zealand’s interest rate was increased to a record high level by the country’s central bank.
23 November 2022
Fed's Esther George says higher rates are needed
Esther George, president of the Federal Reserve Bank of Kansas City, said that households with lots of savings will be able to feel comfortable during tough times. However, in her opinion, raising interest rates is necessary in any case, as it will help cool spending.
23 November 2022
Gold stable in anticipation of FOMC meeting on December 15
Gold prices stabilized on Wednesday amid expectations of new Federal Reserve interest rate measures.
23 November 2022
