European stocks closed lower on Thursday, as investors digested the latest rate hikes by the U.S. Federal Reserve and the European Central Bank
Year: 2023
UK House Prices Continue to Fall
The UK housing market is facing a prolonged slowdown as high interest rates, rising inflation and economic uncertainty deter potential buyers and force sellers to lower their asking prices.
Fed Unlikely to Raise Rates in November, Says Goldman Sachs
The Federal Reserve is unlikely to raise interest rates at its next meeting in November, according to a report by Goldman Sachs strategists published on Saturday.
France Proposes End of Ultra-Low Cost Air Travel
France wants to end the era of ultra-cheap flights in Europe and has proposed a minimum price for airline tickets to reduce carbon emissions and support the rail sector.
Brookfield, Societe Generale to Launch Mammoth Private Debt Fund
The fund, named Brookfield Societe Generale Private Debt Partners (BSG PDP), will have an initial capital of $10.70 billion, making it one of the largest private debt funds in the world.
Overcoming Liquidity Management Hurdles in Islamic Banking
Islamic banks face significant challenges in efficiently managing liquidity due to the limited Shariah-compliant instruments available.
Why Did a Software Glitch Halt Toyota Production?
The world’s largest automaker was forced to suspend operations at all 14 of its assembly plants in Japan last week due to a software glitch.
The Real Estate Crisis Threatening the World’s Second-Largest Economy
China’s property sector, which accounts for a third of its economic output, is facing a severe downturn that could have global repercussions.
Interest Rates May Rise Again, Fed Warns
The Federal Reserve may need to raise interest rates further to cool down the US economy and bring inflation under control, according to a senior Fed official.
A Single BRICS Currency is Destined to Fail
The BRICS nations of Brazil, Russia, India, China and South Africa have been meeting in Johannesburg this week to discuss their future cooperation and role […]