UBS Group, the Swiss global financial services firm, has agreed to pay a $1.44-billion fine to settle charges brought by the U.S. justice department that the company had defrauded investors.
Author: admin
Post
NETHERLANDS ENTERS TECHNICAL RECESSION
The Dutch economy has slipped into a technical recession, contracting by 0.3 percent in this year’s second quarter after shrinking 0.4 percent in the first, according to Statistics Netherland.
Post
HEADLINE INFLATION SLOWS IN U.K.—BUT THE NUMBER IS DECEPTIVE
Britain’s top-line inflation eased to 6.8 percent in July, the Office for National Statistics reported, sharply lower than June’s 7.9 percent.
Post
RUSSIA’S CENTRAL BANK ADDS 3.5 PERCENTAGE POINTS TO INTEREST RATE
In an emergency 15 August rate meeting, officials of Russia's central bank hiked a key interest rate by 3.5 percentage points to 12.0 percent.
Post
INFLATION SCRAMBLES INVESTORS’ RATE EXPECTATIONS
Stubbornly high core inflation, especially in Europe, and high-interest rates, particularly in the U.S., have convinced investors to sell the bonds they bought expecting central banks to start cutting rates soon.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
Welcome to week 52... a year of our reported job losses that illustrate the factual damage resulting from the COVID War... and the scores of other socioeconomic and geopolitical tragedies committed by politicians in a country near you that are destroying the foundations of economies.
Post
YUM WANTS TO GO ALL DIGITAL
Yum Brands, which owns fast-food icons Burger King, KFC, and Taco Bell, wants its customers to place all of their orders digitally and is taking steps to make that goal a reality.
Post
FEDS RELY ON PRIVATE SECTOR EXPERTS TO RIG CHIP INDUSTRY DEAL
In summer 2022, Congress passed the Chips and Science Act that allotted $39 billion to strengthen the domestic semiconductor industry.
Post
HIGH INTEREST RATES ARE A WINDFALL FOR SAVERS
Last week, Americans dumped about $36 billion into money market funds to take advantage of yields that have shot past 5 percent, a rate of return not seen for more than a decade.
Post
MORTGAGE RATES REACH THEIR HIGHEST IN 21 YEARS. WHAT’S NEXT?
The national average interest rate on the 30-year, fixed-rate mortgage in the U.S. reached 7.09 percent last week, the Federal Home Loan Mortgage Corp. reported, up from 6.96 percent the week before to reach its highest since April 2002.