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Tag: Business & Economy


Is the US Fed right about raising interest rates?

By: The costs countThe US Federal Reserve raised interest rates again to contain inflation, despite the...

Yellen, caught between markets and US Congress, tweaks message

Janet Yellen is the face of the US government on this issue and her public comments have sent markets on a roller coaster ride.For...

‘Point of no return’: UN report to provide stark climate warning

New synthesis report will play a central role when governments meet in Dubai in December for the UN climate summit.A major new report from...

Relief over Credit Suisse rescue short-lived as bank shares sink

Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in...

US sees bank deposits stabilise even as some regional banks reel

Deposits in the country's banking system are stabilizing, Reuters reported, citing an unnamed US official.A US official has said the deposit outflows that rocked...

Can the ‘back-to-work’ budget boost economic growth in the UK?

By: The costs countThe Chancellor of the Exchequer has made getting the British back to work...

Sri Lanka’s economy shrank by record 7.8 percent last year

The contraction is the largest in the crisis-hit island nation's 75 years of independence.Sri Lanka's crisis-hit economy shrank a record 7.8 percent last year,...


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