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Central Banks

Russia's central bank bids to prop up the plummeting ruble by hiking interest rates to 12% at an emergency meeting

Tue, 08/15/2023 - 05:00

Tech Insider : Economy

russia central bank — The Bank of Russia raised interest rates to 12% Tuesday, in a bid to prop up the plunging ruble.
Hank5/Getty Images

economy, Markets, Currencies, Ukraine War, Russia, Russian Ruble, Vladimir Putin

Falling prices in China could be a blessing in disguise for the world economy's ongoing fight against inflation

Wed, 08/09/2023 - 07:36

Tech Insider : Economy

NANJING, CHINA - AUGUST 9, 2023 - Customers shop for vegetables at a supermarket in Nanjing, Jiangsu province, China, August 9, 2023. On the same day, data released by the National Holiday Statistics Bureau showed that in July 2023, the national consumer price fell by 0.3% year-on-year. (Photo by Costfoto/NurPhoto via Getty Images) — Customers shopping at a supermarket in Nanjing, China.
Costfoto/NurPhoto via Getty Images

economy, China, Deflation, Inflation, World Economy, China Trade, Stock Market Analysis

De-dollarization means gold is underrated and has a 'long way to run,' says Bridgewater's Co-CIO

Thu, 05/11/2023 - 15:36

Tech Insider : Economy

gold bullion — AP

Markets, MI Exclusive, Gold, Dollar dominance, Central Banks, Yuan, Safe Haven

Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar

Sun, 05/07/2023 - 08:15

gold bullion — Getty Images

Markets, MI Exclusive, Gold, Central Banks, Dollar dominance, Safe Haven, Federal Reserve

The yuan is not a threat to the US dollar because China is not a predictable or reliable market, former Treasury Secretary Larry Summers says

Mon, 04/24/2023 - 15:02

Larry Summers — Lawrence Summers.
Chip Somodevilla/Getty Images

Markets, MI Exclusive, Dollar dominance, US Dollar, China currency yuan, Yuan, Currency Wars

Central banks' obsession with holding down wages has led to banks becoming 'collateral damage in a class war,' says GFC veteran economist

Wed, 03/22/2023 - 05:45

Tech Insider : Economy

Economist Ann Pettifor — Central banks' obsession with holding down wages has led to banks becoming 'collateral damage in a class war,' warns GFC veteran economist.
Simone Padovani/Awakening/Getty Images

economy, News, Global Financial Crisis, Federal Reserve, Central Banks, Interest Rates, Inflation

Credit Suisse shares tumble 55% as its UBS rescue deal fails to calm bank-crisis jitters

Mon, 03/20/2023 - 09:07

Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, ubs, Credit Suisse stock, Stock Market Today

How bad is the banking crisis?

Mon, 03/20/2023 - 08:06

People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread. — People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City.
Spencer Platt/Getty Images

finance, Markets, Banking, Interest Rate, Stocks, Central Banks, Credit Suisse

Hiring is so hard for a Montana builder that it's flying in construction workers on a private jet

Thu, 03/09/2023 - 10:57

Two construction workers — Construction workers.
Visoot Uthairam/Getty Images

Markets, MI Exclusive, Stocks, Federal Reserve, Construction Workers, Labor Market, Interest Rates

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