Published stories in Finance & Currencies.
Fresh fighting in the Middle East and renewed energy price rises have complicated the European Central Bank's decision on whether to raise interest rates again this week. The ECB raised borrowing costs in June for the first time since 2023 after eurozone pric…
Cleveland Federal Reserve President Beth Hammack said on Friday that inflation is too high and broad-based, signaling that she could support higher interest rates at future US central bank meetings. Hammack, a voting member of the Fed's rate-setting committee…
The European Union said on Friday that it needs larger banks if the 27-nation bloc wants to catch up with competitors in the United States. The EU published a report on the banking sector as part of efforts to strengthen the European economy by unlocking more…
South Korea's central bank raised interest rates on Thursday for the first time in more than three years and signalled that more increases may follow, citing strong growth linked to the artificial intelligence chip boom, persistent inflation and risks to fina…
Federal Reserve governor Lisa Cook said she is ready to act against inflation if price increases do not show signs of easing soon, while also saying the US central bank can wait a little longer to study the data. Cook told an event in Washington that she was…
Canada's central bank kept its key lending rate at 2.25 percent on Wednesday, saying the economy is showing signs of improvement while warning that uncertainty over US trade policy and the Middle East conflict remain risks. The Bank of Canada said businesses…
Large US banks reported sharply higher second-quarter profits on Tuesday, helped by strong financial markets, AI-related stock gains and a solid US job market despite continuing consumer concern about inflation. JPMorgan Chase, Bank of America, Citigroup, Wel…
Federal Reserve Chairman Kevin Warsh is due to tell Congress on Tuesday that the central bank will seek to end a years-long US inflation surge, according to prepared remarks. Warsh is scheduled to appear before the House Financial Services Committee at 10:00…
Goldman Sachs reported stronger second-quarter results, helped by active trading businesses and higher revenue linked to mergers and underwriting. The New York investment bank said profit for the quarter was $6.4 billion, up 84 percent from a year earlier. Re…
JPMorgan Chase reported higher second-quarter profit on Tuesday, helped by stronger investment banking fees, trading revenue and exceptional items including higher equity investments. The bank reported profit of $21.2 billion, up 41 percent from a year earlie…
US Federal Reserve governor Christopher Waller said the central bank should be ready to raise interest rates soon if inflation continues to run above its target. Speaking in Rome, Waller said that when inflation is far above target and the labor market is nea…