No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
The European Central Bank will raise interest rates again Thursday and likely get a key subsidy to commercial banks, taking another important step in tightening policy to combat a historic spike in inflation, Reuters reported.
Bank of Japan Governor Haruhiko Kuroda said on Friday that the central bank plans to keep the minimum rates. The regulator is hoping to prevent a dramatic yen fall, causing intervention in foreign exchange markets.
According to Investing.com, gold traded near its highest level in two weeks as the dollar declined amid growing expectations that the Federal Reserve will ease its hawkish policy this year.
According to some reports, the pharmaceutical company Pfizer is under the scrutiny of the Italian police because it is suspected of hiding $1.2 billion in Italy. It’s believed that the company was able to hide such a huge amount by transferring money to foreign units.
At a press conference, Tiff Macklem, head of the Bank, said about the continuation of quantitative tightening, which supplements the increase in the key rate.
Chief Investment Officer and main specialist on American stocks Mike Wilson said that the market of US stock sellers will end in the first quarter.
Tim Scharrer, the head of the trading division of Starbucks Corp., has left the company, becoming the third executive to leave the company within the past month.
JPMorgan Chase & Co. starts additional hiring to build teams that will be in charge of card transactions and other commercial payments. The company is recruiting employees for key Asian markets, citing the e-commerce boom.
Google Corporation, owned by the U.S. holding company Alphabet Inc. has been fined $113 million by India.
Ford Motor Co. reported earnings for the third quarter of 2022, Reuters said. The indicators showed an increased net loss for the company following a burden-shifting from Argo AI's self-driving business.