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Bank of England’s Mann doubles down on backing for rate hikes

Bank of England’s Mann doubles down on backing for rate hikes

© Reuters. Economist and member of the Bank Of England’s Monetary Policy Committee Catherine Mann poses for a photograph ahead of a speech at Manchester Business School in Manchester, Britain, January 12, 2023. REUTERS/Phil Noble/Files By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates…

SK Hynix warns chip downturn to worsen in Q1, posts record quarterly loss

SK Hynix warns chip downturn to worsen in Q1, posts record quarterly loss

© Reuters. FILE PHOTO: Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration   SSNLF 0.00% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY…

S&P downgrades Hungary’s ratings to ‘BBB-/A-3’, outlook ‘stable’

S&P downgrades Hungary’s ratings to ‘BBB-/A-3’, outlook ‘stable’

© Reuters. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) -Credit ratings agency S&P on Friday cut Hungary’s long- and short-term foreign and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’, citing persistently high inflation and external…

Marketmind: Asian stocks

Marketmind: Asian stocks

© Reuters. FILE PHOTO: People wearing face masks following the coronavirus disease (COVID-19) outbreak walk in the Sanya International Duty-Free shopping complex in Sanya, Hainan province, China January 25, 2023. REUTERS/Alessandro Diviggiano/File Photo   INTC +1.31% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type:…