Sat, November 26, 2022

economy

Bank of Israel Indicates More Interest Rate Hikes Ahead

Bank of Israel Indicates More Interest Rate Hikes Ahead

Even as a top central banker cautioned that borrowing costs would need to go higher to get a grip on inflation, Israel raised interest rates less than expected by most economists. The longest monetary tightening cycle in decades remains intact as policymakers raise the benchmark rate from 2.75% to 3.25% for the sixth consecutive year. …

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Reporting This Week's Currencies Around the World

Reporting This Week’s Currencies Around the World

Foreign Investors Are Calculating Their Own Forex Rate in Nigeria Due to a chronic dollar shortage, the naira trades at an official and a much lower parallel rate. Correspondingly, foreign investors are using their calculations to value their ambushed Nigerian holdings. Pricing for two stocks listed in Lagos and London, Airtel Africa Plc and Seplat …

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FTX Fiasco - Lessons to Be Learned

FTX Fiasco – Lessons to Be Learned

Many investors were taken aback by the recent collapse of the cryptocurrency exchange FTX. This left customers waiting for answers about an equivalent of $1 to $2 billion in missing money. FTX is currently in bankruptcy protection. Experts believe there are important lessons for cryptocurrency investors as the company’s future — and probes into the …

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Stocks Falling with Decreased Optimism on Fed Slowdown

Stocks Falling with Decreased Optimism on Fed Slowdown

Hawkish Comments from Federal Reserve Officials and Economic Data Overrule Prior Optimism of Traders Investor enthusiasm for a possible moderation in interest-rate rises waned on Thursday, sending stocks down. In morning trading, the S&P 500 dropped by almost a point. Wednesday’s loss of points by the benchmark gauge was offset by stock gains last week. …

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dollar

The Dollar Regains Value, Will the Uptrend Continue?

As investors analyzed conflicting U.S. economic statistics on Thursday, the dollar advanced, while the British pound reversed course and fell ahead of the government’s budget statement. The dollar’s value has fallen in recent weeks as inflation statistics, and remarks from Federal Reserve officials have raised hopes that the central bank would soon be able to …

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Oil

Can The Recession Crash the Oil Prices Further?

Oil prices increased on Friday as softer-than-expected U.S. inflation data raised expectations of more gradual Federal Reserve interest rate increases. Still, worries about slowing economic growth and a rise in COVID in China kept oil trade negative for the week. U.S. CPI inflation slowed more than forecast in October. This indicated that the Fed’s swift …

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