The Federal Reserve and other leading central banks are declaring the peak in global interest rates has been reached and are readying to start the march down.
U.K. inflation held steady at the 2% target last month, leaving the Bank of England under no pressure to raise interest rates.
Europe’s unconventional experiment with negative interest rates to spur economic growth and inflation is looking like a trap.
The insolvency tribunal’s decision on Essar could cause credit costs to surge, bank shares to drop and foreign investors to exit.
When Kevin Tsang tuned into Carrie Lam’s predawn press conference to condemn protesters who had ransacked government offices during a dramatic escalation of tensions over Hong Kong’s controversial extradition bill, he didn’t like what he heard.
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