ECB Warns Rate Hikes Are Putting Market Stability at Risk
The European Central Bank said that financial markets will be vulnerable to negative shocks as it continues the fight against inflation, with real estate among the sectors at risk.
The European Central Bank said that financial markets will be vulnerable to negative shocks as it continues the fight against inflation, with real estate among the sectors at risk.
South Korea’s spy agency says North Korean leader Kim Jong Un may be suffering from a sleep disorder and they’re monitoring him for a potentially worsening alcohol and nicotine dependency.
The start of an inflationary regime, coupled with the Tokyo Stock Exchange’s valuation reforms, will boost Japanese stocks to their record high as early as the first half of 2025, according to BofA Securities.
Swedish lender Svenska Handelsbanken AB agreed to break up and sell major parts of its business in Finland for €1.3 billion ($1.4 billion), taking a major step toward exiting the country to focus on its core markets.
Stocks in the developing world haven’t had such a bad run since the height of the US-China trade war four years ago.
A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says.
Things are going from bad to worse for Chinese equities, with a key index tumbling into a bear market as disappointing manufacturing data added to the bleak outlook.
The Confederation of British Industry is proposing sweeping changes, including the early departure of its president, as it battles to survive as a slimmed down organization.
Britain is heading into a second consecutive summer of train strikes this week as union bosses and ministers remain at loggerheads over pay and working conditions.
Turkey’s economy expanded more than expected at the start of the year, bolstered by pre-election spending and strong household consumption, though the rest of 2023 looks bleaker.