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Will Interest Rate Hikes Cause A Recession? Here's How To Strategize

Claire Ballentine and Charlie Wells, Bloomberg | Thursday May 05, 2022

The U.S. Federal Reserve just raised interest rates by the most in 22 years, prompting fears that a recession is around the corner.

Citi Trader's Error Wiped Out $315 Billion From Europe Stocks In Minutes

Jenny Surane, Bloomberg | Tuesday May 03, 2022

Citigroup Inc. said its London trading desk was behind a flash crash in Europe, which had sent shares across the continent tumbling after a sudden 8% decline in Swedish stocks.

Who Is Still Buying Russian Crude Oil And Who Has Stopped?

Monday May 02, 2022

Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been able to agree on the embargo.

Dollar Holds Near 20-Year High Amid Federal Reserve's Rate Hike Outlook

Reuters | Monday May 02, 2022, London

The dollar held near a 20year high on Monday as the euro struggled around the $1.05 mark, as investors prepared for a busy week of central bank meetings including a likely Federal

World Bank Ready To Provide Emergency Economic Aid To Sri Lanka: Report

Press Trust of India | Wednesday April 20, 2022, Colombo/Washington

The World Bank is ready to provide emergency support to Sri Lanka and protect the vulnerable people amidst the unprecedented economic crisis in the country, a media report on Wednesday quoted a senior official of the global lender as saying.

Tesla To Seek Shareholders' Nod For Stock Split: 5 Points

Edited by Prashun Talukdar | Tuesday March 29, 2022, New Delhi

U.S. electric carmaker Tesla Inc is considering a stock split option and will seek shareholder approval to increase its share count. If the process sails through, then it will be the second stock split of the company. Following the announcement, the carmaker's stock rallied 8.03 per cent to $1,091.84 on Monday, adding over $100 billion to its market value.

Explainer: Can Companies Leaving Russia Recover Losses Through Insurance?

Reuters | Wednesday March 23, 2022

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.

Alibaba Hikes Share Buyback Size To Record $25 Billion

Reuters | Tuesday March 22, 2022

Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.

Asian Stocks Rally As US Fed hike, Ukraine Talks Boost Sentiment

Reuters | Thursday March 17, 2022, Tokyo

Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.

18 Minutes Of Trading Chaos Which Broke The Nickel Market

Jack Farchy, Alfred Cang and Mark Burton, Bloomberg Businessweek | Tuesday March 15, 2022

It was 5:42 a.m. on March 8 in London when the nickel market broke. At that time of day, bleary-eyed traders are typically just glancing at prices as they swig coffee on their way to the office.

What Sanctions On And By Russia Mean? 10 Points

Edited by Rahul Karunakar | Monday March 14, 2022

Russia's invasion of Ukraine has led to severe economic sanctions and a huge reaction from the corporates working in Russia. Here is a look at the Western countries sanctions on Russia in reposnse to what Moscow calls a "special operation" in Ukraine.