CAPITAL One Financial eliminated hundreds of technology positions this week, the result of the credit-card giant spending years investing in systems meant to improve its efficiency.
BANK of England Governor Andrew Bailey said that two months of declines in the UK’s headline inflation rate is a signal that the economy may be getting past the worst in a cost-of-living squeeze.
THE dollar slipped on Thursday (Jan 19), after a raft of data showed the US economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan (BOJ) would shift away from ultra-loose monetary policy.
EUROZONE government bond yields rose on Thursday (Jan 19) after European Central Bank President Christine Lagarde poured cold water on speculation about a slowdown in its monetary tightening path.
EUROZONE government bond yields rose on Thursday (Jan 19) after European Central Bank President Christine Lagarde poured cold water on speculation about a slowdown in its monetary tightening path.
MORE Brexit-related relocations from London and a rise in trading increased the number of bankers earning more than a million euros a year in the European Union by more than 40 per cent in 2021, the bloc’s banking watchdog said on Thursday (Jan 19).
BITCOIN steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the year.
INDONESIA has raised its benchmark interest rate by another quarter point, bringing the central bank near the end of its tightening cycle as it balances the need to tamp down any lingering price pressures while safeguarding growth momentum.
MALAYSIA unexpectedly kept its benchmark interest rate unchanged, halting its tightening cycle earlier than expected, as a darkening global outlook poses risks to the economy.
