Any chance the Federal Reserve had of raising rates this year may have been quashed by the Bank of England, which not only cut interest rates on Thursday, but restarted its money-printing program. The decision […]
Despite Brazil’s multitude of challenges, its markets have become some of the best worldwide for investors. The MSCI Brazil stock index has risen 60% this year, making it the best performer among the 165 country […]
The share prices for Chinese companies with recent initial public offerings are posting spectacular gains. The average increase for the 62 companies that have completed their first month of post-IPO trading this year is a […]
The Bank of England has cut its key interest rate by 25 basis points to a record-low 0.25%, moving to cushion the blow of the UK’s planned withdrawal from the EU. The central bank says […]
The National Development and Reform Commission, China’s top state planning agency, said the country will wait for “the appropriate time” to bring down interest rates and relax the bank reserve requirement ratio. The commission said […]
Piraeus Bank, Greece’s largest lender, has asked KKR to restructure $670 million of its corporate loans. Greek banks hold approximately $123 billion of bad loans, while the country’s economy has shrunk by over 25% to […]
The European Central Bank’s purchases of European corporate bonds are bringing down borrowing costs for businesses and helping them reduce their reliance on bank lenders, according to the central bank’s Economic Bulletin. The bond buying […]
Markit’s purchasing managers’ index for the UK pulled back sharply after the Brexit vote, suggesting that the economy could contract in the third quarter. The PMI’s drop to 47.3 from 51.9 the previous month was […]
South Korea’s inflation rate cooled to a 0.7% pace in July, down from 0.8% in June. Slack oil prices contributed to the decline, leaving the rate at a 10-month low. Maeil Business Newspaper (South Korea) […]
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