World stocks in red as consumers signal recession ahead

Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into...

Fed's Mester backs 75 bps hike in July if economic conditions remain same

- Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in interest rates at the...

BOJ may need to adjust yield cap if inflation overshoots

By Leika Kihara and Takahiko Wada TOKYO - The Bank of Japan (BOJ) may need to adjust its ultra-easy policy if inflation keeps exceeding its forecast, such as by replacing its yield cap with a...

Impossible situation" for Sri Lankans struggling for petrol

By Uditha Jayasinghe COLOMBO - Sri Lankan doctors and other medical staff as well as teachers will take to the streets on Wednesday to demand that the government solve a severe fuel shortage at...

Marketmind: When bad data is just that

A look at the day ahead in markets from Julien Ponthus. Much of the market rebound from the lows hit on June 17 was credited to data being arguably bad enough to encourage central banks to go easy...

Taiwan central bank says it is working on digital currency, unclear on timetable

TAIPEI - Taiwan's central bank is still working on its digital currency and while it's unclear when the scheme could roll out to the public it will push ahead with it, governor Yang Chin-long...

Gas taxes: States with the highest and lowest fees at the pump

When consumers fill up at the gas pump, they are hit with an abundance of federal, state, and local taxes and fees. Those fees vary drastically depending on where you are in the country. In some...

Buying the bear? Equity demand endured market pain: Mike Dolan

By Mike Dolan LONDON - It's a hard habit to break. You'd be forgiven for thinking the worst two-quarter period for stock markets since 2009 had investors running for the hills - but you'd be...

ECB weighs whether to put number on bond-fighting scheme, sources say

By Francesco Canepa and Balazs Koranyi SINTRA, Portugal - European Central Bank policymakers are weighing up whether or not they should announce the size and duration of their upcoming...

Analysis: Latest U.S. stocks bounce tests skepticism that rally can last

By Lewis Krauskopf NEW YORK - Investors are assessing a recent U.S. stock market bounce after similar rallies have fizzled in 2022, a year that is on track for the biggest S&P 500 percentage drop...

ECB weighs whether to put number on bond-fighting scheme, sources say

European Central Bank policymakers are weighing up whether or not they should announce the size and duration of their upcoming bond-buying scheme, designed to curb financing costs for Italy and...

Brazilian states sue government over tax cuts

SAO PAULO - A group of Brazilian states has filed a lawsuit with the Supreme Court to overturn a law recently approved by Congress that caps the rate of the ICMS state tax on gasoline,...

Gold Transfixed on Talk of Brazen Fed, Inevitable Recession

By Barani Krishnan Investing.com -- Neither the bulls nor bears are making much headway with gold these days. The yellow metal has entered into one of its classic go-nowhere trading ranges that...

Brazil's public debt rises 2.01% in May, interest rates reach 5-year highs

BRASILIA - Brazil's federal public debt rose 2.01% in May from the month before, with the average costs of domestic debt issuance jumping to the highest level in five years amid high inflation,...

Canadian regulator tightens rules for riskier mortgage products

TORONTO - Canada's financial regulator said on Tuesday it would tighten rules for riskier home loan products, in a bid to address concern over high levels of mortgage debt driven by record-low...

France cuts growth outlook, but sticks to budget target

PARIS - France's government cut its growth outlook sharply on Tuesday but kept its budget deficit forecast steady despite billions of extra spending on anti-inflation measures thanks to stronger...

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition Authored by Tsvetana Paraskova via OilPrice.com, Exxon CEO Woods: consumers foot the bill of rushed energy...

Nomura: Everyone Is Waiting For This "Final" Shoe To Drop Before The All-Clear Signal

Nomura: Everyone Is Waiting For This "Final" Shoe To Drop Before The All-Clear Signal Having come back from a brief vacation, Nomura's cross-asset guru, Charlie McElligott looks back...

Fed officials promise rate hikes, push back on recession fears

Federal Reserve policymakers on Tuesday promised further rapid interest-rate hikes to bring down high inflation, but pushed back against growing fears among investors and economists that sharply...

Listed companies on track to cause nearly 3 degree climate 'chaos'

By Noah Browning LONDON - Equity index compiler MSCI said on Tuesday the world's listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the...

Futures, Commodities Jump After China Cuts Quarantine

Futures, Commodities Jump After China Cuts Quarantine US stock futures rebounded from Monday's modest losses and traded near session highs after China reduced quarantine times for...

China's economy recovering but foundation not solid, premier says

Breaking News BEIJING -China's economy has recovered to some extent, but its foundation is not solid, state media on Tuesday quoted Premier Li Keqiang as saying. China will strive to drive the...

Lagarde Warns of 'Undesirably High' Inflation in Sintra Speech

By Scott Kanowsky Investing.com -- European Central Bank President Christine Lagarde has warned that inflation in the eurozone is "undesirably high", as she pledged to get a handle on price rises...

ECB to drain cash in offset to new yield-capping scheme -sources

By Francesco Canepa SINTRA, Portugal - The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone...

Europe's central bank ready to 'stamp out' surging inflation

SINTRA, Portugal (AP) — The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will...

Marketmind: The Sintra stage

A look at the day ahead in markets from Sujata Rao The Portuguese village of Sintra has been the scene of momentous speeches by European Central Bank policymakers. They include Mario Draghi's...

Marketmind: The Sintra stage

The Portuguese village of Sintra has been the scene of momentous speeches by European Central Bank policymakers. They include Mario Draghi's hawkish turn in 2017, and then his 2019 speech...

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

ExxonMobil expects all new cars sold two decades from now to be electric vehicles. Exxon joins many other oil producers who say that governments and policymakers need to balance the drive to lower...

Goldman Sachs and Wells Fargo Boost Shareholder Payouts

Four of the six biggest banks boosted their dividend payments on Monday. The collective 15% increase in payouts is relatively muted compared with last year. The Federal Reserve said the banks are...

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

ExxonMobil expects all new cars sold two decades from now to be electric vehicles. Exxon joins many other oil producers who say that governments and policymakers need to balance the drive to lower...

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