On Monday, the central bank of China reduced its key lending rates in an unexpected move in order to give demand a boost. This was after economic data showed that there was an unexpected slowdown in the previous month, as…
On Thursday, the Commerce Department reported that the US economy had declined for the second quarter in a row. This was a day after the US Federal Reserve had increased its interest rate by 75 basis points, which saw it…
New economic data released in the United States for the month of May had little immediate relief to offer from the red-hot rise in inflation. This is expected to drive the US Federal Reserve to make yet another aggressive hike…
On Wednesday, the respective heads of different central global banks attended an event in Portugal. The chiefs said that while it would be painful to bring down the soaring inflation in markets all over the world and there was a…
A senior official from the World Bank has called for introducing some changes in the laws applicable to sovereign debts. The purpose of the changes would be to provide more control to the governments in times of crisis and give…
Alonzo Powell