Global News Aggregator
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government’s fiscal policy…
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images LONDON – The first fiscal policy announcement from new British…
The U.S. dollar’s strength is setting the stage for a crisis, as well as a looming bottom in the stock market, according to Morgan Stanley. With the greenback hitting 20-year…
“The Singapore dollar is usually considered a haven currency compared to Southeast Asian peer currencies,” said Max Lin, Asia FX and rates strategist at Credit Suisse. Jayk7 | Moment |…
Analysts expect the Bank of England may need to raise interest rates more aggressively following market turbulence on Monday morning. Sopa Images | Lightrocket | Getty Images LONDON — The…
Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters LONDON — New U.K. Prime…
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images LONDON — The U.K. risks…
Russians tourists to Europe decreased dramatically over the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa Images | Lightrocket | Getty Images Turkey’s central…
The Bank of England raised rates by 0.5 percentage points Thursday. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England voted to raise…
An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Monday, Aug. 29, 2022. Nicole Tung | Bloomberg | Getty Images Investors are bracing…