European and US stock markets struggled to mount a rebound Wednesday as traders weighed the fallout from surging inflation, higher hobby rates, China’s financial slowdown, and the Ukraine conflict. The day earlier, international equities had retreated as volatility gripped economic markets. A series of weak indicators around the world and downbeat forecasts from big firms … Read more
European inventory markets struggled to mount a rebound Wednesday as buyers weighed the fallout from surging inflation, higher hobby charges, China’s monetary slowdown, and the Ukraine battle. After mountain climbing Monday, global equities retreated Tuesday as volatility grips monetary markets. A series of weak indicators around the world and downbeat forecasts from big firms have … Read more
The International Monetary Fund has lifted the burden of China’s yuan and American greenback within the organization’s worldwide basket of reserve currencies at the same time as decreasing the percentage of the euro, yen, and British pound. The IMF raised the weighting of the yuan, also referred to as the renminbi, to twelve.28 percent from … Read more
LONDON: The Islamic Development Bank (IsDB) and Bloomberg LP will work together to deliver a financial education programme for university students in nine countries in the Middle East, Africa and Asia, WAM reported. The nine IsDB member countries involved in the programme are Bangladesh, Egypt, Kazakhstan, Kuwait, Malaysia, Nigeria, Oman, Saudi Arabia and Uzbekistan. IsDB … Read more
Access to the European Union (EU) market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday. According to the sources of Reuters, Britain and the EU will lose privileged access to their respective financial markets when the Brexit transitional period … Read more
Canada’s unemployment rate has jumped to its highest level in a year and a half in November as the economy lost 71,000 jobs. According to details, the Canadian November labour market posted its biggest monthly job loss and largest unemployment upswing since the financial crisis. According to Statistics Canada, the economy shed 71,000 jobs in … Read more
