Savers should be cheering higher interest rates. So why are they unhappy?
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
2023-07-06 15:55
Teva Weighs Sale of $2 Billion Active Ingredients Unit
Teva Pharmaceutical Industries Ltd. is weighing options for its active ingredients business, including a possible sale, people with
2023-07-06 15:54
Currys Shares Fall as UK Retailer Cuts Dividend to Save Up Cash
Currys Plc shares fell after the UK electronics retailer canceled its final dividend and lowered pension contributions in
2023-07-06 15:45
Uber rival Bolt names new CFO in preparation for IPO
STOCKHOLM Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of
2023-07-06 15:29
Malaysia Stays Pat on Key Rate to Support Slowing Growth
Malaysia left its benchmark interest rate unchanged on Thursday, maintaining support for the economy amid slowing exports and
2023-07-06 15:20
Scholz’s Coalition Suffers Court Blow on Contentious Climate Law
Chancellor Olaf Scholz’s ruling coalition suffered an embarrassing blow over key climate legislation after Germany’s top court stopped
2023-07-06 14:50
ESG Veteran Says Recession Odds Expose Leverage Trap in Strategy
A recession is coming, and ESG investors may be among those who stand to lose the most. That’s
2023-07-06 14:46
ESG equity funds suffer big outflows, buffeted by market jitters and U.S. backlash
By Tommy Wilkes and Patturaja Murugaboopathy LONDON Equity funds with an environmental, social and governance (ESG) tilt suffered
2023-07-06 14:18
Germany Factory Orders Jump as Economy Recovers From Recession
German factory orders rebounded in May, a sign the manufacturing slump may be easing as Europe’s biggest economy
2023-07-06 14:17
Thai Regulator Files Fraud Charges Against Debt-Ridden Stark
Thailand’s regulator has filed charges against the largest holder and others involved in the management of Stark Corp.,
2023-07-06 13:59
Stocks slide, US yields climb amid hawkish Fed, China tensions
By Kevin Buckland TOKYO Asia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the
2023-07-06 13:58
Oil Holds Gain as Traders Turn Focus to Decline in Inventories
Oil steadied as traders assessed the impact of the latest round of supply cuts from OPEC+ and a
2023-07-06 13:57