European Central Bank officials called for interest rates to be lifted further — seeking additional reassurance on the inflation front as they look past more signs of weakness in the euro-zone economy.
Commercial real estate markets are “particularly vulnerable” to a rapid tightening of global monetary policy, the Central Bank of Ireland warned.
With an uncertain picture on oil supply and demand, traders are searching for any clear clues on where the market is headed.
Trafigura Group paid $3 billion to its top traders and executives as the commodity trading giant notched up a fresh record profit in the six months to March.
Turkey’s lira plunged to a record low as state lenders temporarily halted dollar sales, in a sign the new economic administration is abandoning a costly intervention strategy as part of an expected turn toward more conventional economic policies.
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