Asian and European shares mostly rise as investors regain composure after last week’s fall. Analysts warn of more pain after central bank officials hint at future interest rate hikes. Wall Street reopens today and is anticipated to surge higher as traders catch up after a three-day holiday. Most markets rise as investors regained their composure … Read more
Burberry, the British fashion business, warned on Wednesday that future success would be determined by the amount of economic recovery in China, a crucial market impacted by ongoing Covid lockdowns. Burberry also said it was dealing with the effects of the worst inflation in decades, with news that its net profit and revenue had increased … Read more
Fears over the impact of interest rate hikes to combat sky-high inflation sent European and Asian stocks plunging on Friday. However, after a day of steep losses, Wall Street has stabilised. Meanwhile, the pound fell to $1.2276, a two-year low, one day after the Bank of England (BoE) warned that UK inflation would exceed 10% … Read more
The European Union’s govt unveiled Wednesday plans for a gradual ban on Russian oil imports as part of a raft of new sanctions to punish Moscow for invading Ukraine. The European Commission also proposed slapping sanctions on Russia’s biggest bank and on Patriarch Kirill, the top of the Russian Orthodox Church. If approved by member states, the oil ban … Read more
