The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia’s war in Ukraine and other shocks take their toll on the world economy.
The US economy is likely to slow as the central bank continues its battle against high inflation, newly-installed Federal Reserve Governor Philip Jefferson cautioned Tuesday.
The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP.
Former chief executive of Swedish bank Swedbank, Birgitte Bonnesen, went on trial in Stockholm on Tuesday to answer fraud and market manipulation charges, three years after a money laundering scandal implicating her bank erupted.
The Bangko Sentral ng Pilipinas said it will be servicing all legitimate dollar transactions but begged banks not to take ‘undue advantage’ of the changing market conditions.
E-wallet Maya has shifted its interest income payments to allow its depositors to earn from their savings on a daily basis.
While there are some signs that global and domestic inflation pressures are easing, high prices have spread, making it harder to quell quickly, a top US central banker said Monday.
US billionaire Elon Musk was embroiled in a social media spat with Ukrainian officials including President Volodymyr Zelensky on Monday over his ideas on ending Russia’s invasion.
Hong Kong’s flailing stock market tumbled Monday to its lowest point in more than a decade as fears for China’s economy deepens this year’s investor rout.
Shares in Credit Suisse plunged to a new low on Monday as the scandal-plagued Swiss banking giant seeks to ease concerns about its financial health.
US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.
Oil prices jumped Monday on expectations of an OPEC output cut, while European stocks wobbled on fears over the health of Swiss bank Credit Suisse.
Clients of the Bank of the Philippine Islands (BPI) complained about the scheduling of the bank’s system maintenance after Instapay fund transfers failed to proceed in real time.
EW executive vice president Pierre Leonard C. Monserrate is resigning from the bank on October 31 for “personal reasons.”
The appointment by royal decree comes ahead of a deadline for US President Joe Biden’s administration to weigh in on whether Prince Mohammed qualifies for immunity from lawsuits filed in American courts.
In a brief announcement, the ministry said it spent 2.8 trillion yen ($19.6 billion with Friday’s exchange rate) for foreign exchange intervention operations in a month to Wednesday.
Stoked by a staggering 40.8 percent rise in energy prices, the yearly inflation rate in the 19-country single currency area hit its highest level since records began, according to Eurostat.
The Federal Reserve’s rapid, steep interest rate increases and the relative health of the US economy has caused investors to flood into the dollar, driving the greenback up and sending the British pound, Indian rupee, Egyptian pound and South Korean won and others to uncharted depths.
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia’s war in Ukraine and other shocks take their toll on the world economy.
The US economy is likely to slow as the central bank continues its battle against high inflation, newly-installed Federal Reserve Governor Philip Jefferson cautioned Tuesday.
The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP.
Former chief executive of Swedish bank Swedbank, Birgitte Bonnesen, went on trial in Stockholm on Tuesday to answer fraud and market manipulation charges, three years after a money laundering scandal implicating her bank erupted.
The Bangko Sentral ng Pilipinas said it will be servicing all legitimate dollar transactions but begged banks not to take ‘undue advantage’ of the changing market conditions.
E-wallet Maya has shifted its interest income payments to allow its depositors to earn from their savings on a daily basis.
While there are some signs that global and domestic inflation pressures are easing, high prices have spread, making it harder to quell quickly, a top US central banker said Monday.
US billionaire Elon Musk was embroiled in a social media spat with Ukrainian officials including President Volodymyr Zelensky on Monday over his ideas on ending Russia’s invasion.
Hong Kong’s flailing stock market tumbled Monday to its lowest point in more than a decade as fears for China’s economy deepens this year’s investor rout.
Shares in Credit Suisse plunged to a new low on Monday as the scandal-plagued Swiss banking giant seeks to ease concerns about its financial health.
US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.
Oil prices jumped Monday on expectations of an OPEC output cut, while European stocks wobbled on fears over the health of Swiss bank Credit Suisse.
Clients of the Bank of the Philippine Islands (BPI) complained about the scheduling of the bank’s system maintenance after Instapay fund transfers failed to proceed in real time.
EW executive vice president Pierre Leonard C. Monserrate is resigning from the bank on October 31 for “personal reasons.”
The appointment by royal decree comes ahead of a deadline for US President Joe Biden’s administration to weigh in on whether Prince Mohammed qualifies for immunity from lawsuits filed in American courts.
In a brief announcement, the ministry said it spent 2.8 trillion yen ($19.6 billion with Friday’s exchange rate) for foreign exchange intervention operations in a month to Wednesday.
Stoked by a staggering 40.8 percent rise in energy prices, the yearly inflation rate in the 19-country single currency area hit its highest level since records began, according to Eurostat.
The Federal Reserve’s rapid, steep interest rate increases and the relative health of the US economy has caused investors to flood into the dollar, driving the greenback up and sending the British pound, Indian rupee, Egyptian pound and South Korean won and others to uncharted depths.
