Tag Archives: interest

US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. ADVERTISEMENT Stocks in the US were boosted by the latest inflation data cementing expectations that the US central bank, the Federal Reserve, is likely to cut interest rates at its meeting next …

The ECB is set to cut rates by 25 basis points to 3%, with further easing expected into 2025. Lower rates may provide a much-needed boost to borrowing, domestic consumption, and exports via a weaker euro, but geopolitical risks costs may limit the benefits. ADVERTISEMENT The European Central Bank (ECB) is poised to cut its deposit rate by 25 basis …

A person of interest has been arrested in the fatal sho0ting of UnitedHealthcare CEO Brian Thompson.   The man allegedly had a manifesto on him when he was taken into custody by cops in Altoona, Pa. He also had a gun, silencer, four fake IDs, and other items “consistent” with what authorities were looking for in the case, sources said. Law enforcement was still …

Diamond says that “all options are on the table” as regards to potential investment, whether that is a full takeover of the club or a minority stake. But with the Falcons operating on a far lower budget than the rest of the Premiership clubs, much lower than the salary cap permitted by the league, and with a smaller squad, new …

Europe’s airlines are increasingly looking to consolidate to boost competitiveness and expand networks. ADVERTISEMENT Franco-Dutch firm Air France-KLM is interested in buying a stake in Air Europa, said Globalia on Wednesday. The owner of Air Europa said in an email sent to Euronews that “there is interest…but currently nothing is closed”. Air France-KLM has not yet responded to a request …

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has again  raised the benchmark interest rate by 25 basis points from 27.25% to 27.50%  CBN Governor Olayemi Cardoso disclosed this to journalists at the end of the two-day  298th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, Nov. 26.  Reading the communique of the 298th meeting of …

The Bank of England is expected to cut the UK interest rate for the second time in three months, as inflation has fallen to its lowest level in more than three years. ADVERTISEMENT However, economists warn that worries about the future path of prices following last week’s tax-raising Budget from the new Labour government and the economic impact of US …

As interest rates fall, European stocks in sectors such as financials, consumer discretionary, and industrials tend to outperform. These sectors benefit from lower borrowing costs, increased consumer spending, and higher capital investments, driving market gains. ADVERTISEMENT Historically, certain European stocks and sectors have thrived during periods of interest rate cuts, particularly when central banks ease monetary policy without the backdrop …

The ECB is expected to announce a rate cut on Thursday, responding to falling inflation and worsening economic conditions. Eurozone inflation fell to 1.8% in September, while weak PMI data indicates economic stagnation. ADVERTISEMENT The European Central Bank (ECB) is widely expected to announce a rate cut during its upcoming meeting on 17 October, as deteriorating economic conditions and declining …

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the decision to raise the Monetary Policy Rate (MPR) to 27.25 percent is a bold move.    According to him, higher interest rates, “while painful for borrowers, are necessary to curb excess money in circulation and control inflation.”   He noted that leadership is about making …