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World Economy Latest: Fed, Bank of England Hold Rates Steady But May Hike Again

The Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove persistent.
ECB’s Villeroy Says Fuel Jolt Won’t Affect 2% Inflation in 2025

The recent increase in oil prices won’t derail the European Central Bank’s fight to tame inflation, according to Governing Council member Francois Villeroy de Galhau.
- Investing
- News Wire
Ares CEO Arougheti Says Private Credit to Double in Five Years

Ares Management boss Mike Arougheti sees the $1.5 trillion private credit market doubling to $3 trillion within five years, with a great deal of that coming from banks’ balance sheets.
- Investing
- News Wire
Greece Reckons Detente Can Bind Erdogan to the West for Good

One of Europe’s longest-standing grudges is ripe to be mended.
South Africa’s Central Bank Warns ANC over Spending Risks

South Africa is strapped for cash and the country’s central bank has a stern warning for the ruling African National Congress: You can’t spend your way out of trouble.

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