Tag: Finance
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European shares tumble in global selloff
European stocks slumped to mark a third week of losses. This is as jitters over monetary policy tightening by central banks this year. Weak economic...
No Evergrande fallout in Britain
Bank of England Governor Andrew Bailey said that resolving Chinese property developer Evergrande Group’s struggle with $300 billion in liabilities has been fairly protracted. But...
Sterling’s early gains fizzle
The British pound’s early gains evaporated and it turned lower. This is because the investors consolidated bets ahead of a Bank of England meeting, which is...
Fed rate view brightens European bank stock outlook
European bank shares rose further above a three-year high, boosted by the U.S. Federal Reserve’s signal that it could raise rates faster than expected....
Euro zone inflation hits 5%
Euro zone inflation rose unexpectedly, likely making for more uncomfortable reading at the European Central Bank. This has consistently underestimated price pressures and come...