Banks creating downside risks for global growth: IMF chief economist

Rate of interest rises have elevated banks’ vulnerabilities — and their response presents a major threat to international progress, the Worldwide Financial Fund’s chief economist warned Tuesday. “We’re involved about what now we have seen within the banking sector, notably within the U.S. however perhaps additionally in different international locations, would possibly do to progress […]

US stocks edge down as investors await inflation data and earnings

US shares edged down by afternoon buying and selling on Tuesday, as traders proceed to evaluate the well being of the financial system and the Federal Reserve’s subsequent transfer. The blue-chip S&P 500 was flat whereas the tech-heavy Nasdaq misplaced 0.4 per cent. Each indices had ended broadly flat on Monday. The strikes come within […]

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