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28 January
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Paying with british pounds hasn’t been this popular since 2016
Bank customers are very enthusiastic about using the British pound for international payments. The pound's popularity is at its highest since mid-2016 — around the same time that Britain voted to leave the European Union.
17 November 2022
ECB warns record inflation will create problems for everyone
Amid a slowing economy and officials' desperate fight against inflation, the European Central Bank (ECB) issued a report this Wednesday saying financial stability is in danger. Lenders are at risk of being hit as well as the governments and households.
17 November 2022
Chinese yuan is getting weaker because of new COVID cases leading to worries about lockdowns
In China, in the southern province of Guangdong, the incidence of COVID-19 is on the rise. As a result, on Thursday, the yuan fell to its minimum
17 November 2022
Hiroshi Nakaso, candidate to lead the BOJ plans to reduce the emergency support
Bank of Japan (BOJ) deputy governor Hiroshi Nakaso declared that the central banks should stop the emergency support measures for the economy to avoid the moral hazard for the market.
17 November 2022
People's Bank of China warns that policy easing may be limited
The People’s Bank of China (PBOC) warned inflation may accelerate as overall demand in the economy picks up, suggesting the scope for further monetary policy easing may be limited.
17 November 2022
Unemployment in Australia fell unexpectedly
The unemployment rate fell to 3.4%, the lowest level since 1974, from 3.5% a month earlier, data showed Thursday. Employment rose by 32,200 in October, more than double the 15,000 increase that had been projected.
17 November 2022
Change in leadership at the central bank of Japan will take place next spring
The change in leadership at the Bank of Japan (BOJ) is scheduled for the spring of 2023, as Haruhiko Kuroda will step down as the bank’s Governor. Such changes might have a negative impact on the functioning of global financial markets, as well as provoke a lot of speculation.
17 November 2022
Cisco’s income forecast points to steady consumer spending
According to Cisco, quarterly sales for January will increase from 4.5% to 6.5%. Analysts expect revenue to be up 4% compared to last year. Revenue is projected to grow 6.5% in fiscal 2023, up as much as 6% from previous estimates.
17 November 2022
Fed's Waller: Inflation data makes a 0.5% rate hike possible
Analyzing the latest inflation data, Christopher Waller, a member of the Federal Reserve Board of Governors, gets more reasons for why the Fed needs to raise interest rates as soon as its next meeting, which will be in December.
17 November 2022
Xi Jinping Set for Japan Summit
People's Republic of China (PRC) President Xi Jinping is planning to hold bilateral talks with Japanese Prime Minister Fumio Kishida. The two leaders' meeting will be the latest in a series of summits that seek to ease tensions with U.S. allies.
17 November 2022
