Tag: Economy

© Reuters. FILE PHOTO: Vendors stand in their stall outside a local office of President Tayyip Erdogan’s ruling AK Party, ahead of the May 28 runoff vote, at a fresh market in Istanbul, Turkey May 23, 2023. REUTERS/Dilara Senkaya By Ebru Tuncay, Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) -Days before Turkey’s runoff presidential election,…

© Reuters. FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank on Thursday flagged it may not be done tightening, sending bond yields soaring, after it held rates steady for a third…

© Reuters. FILE PHOTO: A security guard stands outside the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank on Wednesday signalled it was done tightening after raising rates by…

© Reuters. FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic growth,…

© Reuters. FILE PHOTO: A security guard stands outside the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver a 25-basis point hike on Wednesday,…

Shuttered bank branches are just a sign of the times…

The San Francisco-based regional bank, First Republic, was the third financial institution to declare insolvency in 2023 and the second-largest bank to fail since Washington Mutual collapsed during the Financial Crisis of 2007–2008. Plagued by many of the same issues that doomed Silicon Valley Bank …

© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration By Ira Dugal MUMBAI (Reuters) – India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens…

Stock futures hold gains on debt ceiling deal hopes; Walmart earnings on deck amid cautious retail outlooks; Take-Two Interactive surges as NBA 2K23 maker tops sales forecast; Applied Materials Q4 earnings in focus as chipmakers rally and Micron shares jump as chipmaker unveils Japan investment push…

With inflation slowing, and bank stresses largely isolated, markets are looking for the U.S consumer to support growth prospects over the coming months…