Investors are increasingly concerned that the central bank will be forced to push the economy into a recession to curb rising prices. America’s Major Banks -JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs y Morgan Stanley- announced that they reduced their benefits in the first half of 2022 compared to the first … Read more
Drastic jump in interest rates off the table Wall Street celebrates relief rally 07/15/2022 11:03 p.m There are many reasons for concern in the financial markets at the moment. But robust economic data, weakening inflation and a clear interest rate communication from the US Federal Reserve are making Wall Street cheerful. Bank stocks in particular … Read more
euros and US dollars For the first time since October 2002, the two currencies are worth the same again. (Photo: dpa) Frankfurt, New York It’s a historic date: on Tuesday morning, the euro briefly fell to par with the US dollar. The last time the common currency was this weak was almost two decades ago … Read more
Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 a.m. Central European time. Stocks in the Nordic region were hit the … Read more
financial institution Banorte confirmed this Thursday that they have already engaged in discussions with Citi for acquire the franchise Banamex. Within the framework of the presentation by the firm’s results report corresponding to the first quarter of this 2022, Mark Ramirezgeneral director of the Monterrey company stated that they have already approached and have shown … Read more
Düsseldorf After jumping by more than 1000 points on yesterday’s trading day, investors on the German stock market are immediately taking profits again. Accordingly, the Dax was down 3.3 percent on Thursday afternoon and is trading at 13,385 points, around 460 points less. The Frankfurt benchmark was only seven points behind after trading yesterday Wednesday … Read more
Brussels, Moscow, London, New York Despite the efforts of the Europeans, the chance of a peaceful solution to the conflict with Russia over Ukraine is dwindling. Russian President Vladimir Putin has recognized the self-proclaimed People’s Republics of Donetsk and Luhansk in eastern Ukraine as independent states. The Kremlin chief signed a corresponding decree on Monday … Read more
An Aramco oil refinery in Saudi Arabia With the sale of the Aramco shares, the country is to be reformed. (Photo: Archyde.com) Riad Saudi Arabia has transferred a billion-dollar stake in its stake in oil giant Aramco to a public investment fund. 4 percent of the shares worth a good 80 billion dollars (approx. 70.5 … Read more