Fed likely to cut rates before ECB blinks, former BOE member says
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations.
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The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations.
This was CNBC's live blog covering European markets.
Majority of the residents in Singapore are bullish about where the economy is headed and confident that the government will be able to support them during their retirement.
Europe's top human rights court on Tuesday ruled in favor of more than 2,000 elderly Swiss women who argued that their government's efforts to tackle the climate crisis were insufficient to protect them from more frequent and intense heat waves.
The mammoth integration of failed bank Credit Suisse into its former rival UBS will act as a "case study," UBS CEO Sergio Ermotti said Friday, one that will show that big bank mergers should be allowed.
Geopolitical and structural factors have put gold on course to hit $2,600 per ounce within a year, according to one market veteran.
Eight Singaporeans were among 71 foreigners who were rescued by the Taiwanese authorities after being trapped in Hualien following the 7.4-magnitude earthquake that hit eastern Taiwan on April 3.
TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.