central banks

After the second world war he built a “hydraulic” model of the circular flow of income in an economy—a labyrinth of water tanks, valves and pipes that helped earn him an appointment at the London School of Economics. But neither of these…

Last Updated: April 27, 2023, 01:23 ISTBrent crude settled at $77.69 a barrel, losing $3.08, or 3.8 percent. U.S. West Texas Intermediate crude settled at $74.30 a barrel, shedding $2.77, or 3.6 percent. (Image: Reuters File)Oil prices fell…

A gauge of global stocks slipped on Wednesday after back-to-back gains as investors digested the latest earnings reports, while Treasury yields climbed as British inflation data hardened expectations of further interest rate rises by…

The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10 percent in March and put more pressure on the Bank of England to keep raising…

Hong Kong CNN  —  Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living standards and creating a major headache for the country’s…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…

London CNN  —  Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates for the fourth time in a bid to contain…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…

New York CNN  —  The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial…

After Sunday's merger agreement of Credit Suisse and UBS, the global central banks are setting off to cater to the credit flow challenges. Many central banks including Bank of England are now scrambling to boost the cash flow after growing…