Tag: Finance
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As the Fed beats the rate rise drum, Wall Street closes down
The major Wall Street indexes ended the day lower on Thursday as worries grew that the Federal Reserve's assertive interest rate policy will trigger...
Asian stocks increase as evidence of the effectiveness of rate hikes
Wednesday saw an increase in Asian markets as investors gained confidence that future interest rate increases may be less pronounced due to early indications...
The dollar suffers as a fresh selloff begins
On Thursday, investors started pedalling into another cycle of selling as the dollar tightened its grip on the exchange rates, recession fears weighed on...
U.S. fines Wall St firms a striking $1.8 billion for lacking transparency in deals
U.S. regulators punished 16 financial institutions, including Barclays (BARC.L), Citigroup, Bank of America, Credit Suisse (CSGN.S), Morgan Stanley, Goldman Sachs, and UBS (UBSG.S), for...
Dollar surges to 20-year high while sterling once more struggles
On Wednesday, jittery financial markets sent the safe-haven greenback to a new two-decade high as increasing global interest rates fueled concerns about an impending...