Japan’s Budget to Hit Record
The Japanese government is set to compile a record $735 billion budget for the fiscal year from April due to increased social security and debt-servicing costs, adding to the industrial world’s heaviest debt.
Finance & Economics - page 13
Big Banks Sue Fed Over Annual Stress Tests
In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.
S&P 500 Rises 1% on Christmas Eve
In the United States, the stock market experienced an upward dynamic on Christmas Eve.
Retailer Party City Files for Bankruptcy
Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.
Nordstrom to Go Private
Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.
Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut
Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.
China Keeps Benchmark Lending Rates Steady
Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
Wells Fargo Leaves Climate-Banking Group
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
Fed Cuts Interest Rates by Quarter Point
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
FXGiants, a CFD Broker, Expands Trading Accounts to Include Zero-Commission, Zero-Spread Options
In a recent announcement, FXGiants, a known CFD broker in the field, has introduced a notable update for its clients. The company has launched new trading account options that come with zero commissions and zero spreads. This move aims to offer both new and experienced traders a cost-effective way to engage with the financial markets. […]
Finance & Economics
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