The Bank of England has just now hiked its Official Bank rate by 0.50% from 1.25% up to 1.75%. In addition, the central bank has published its Monetary Policy Summary. The Pound's value immediately adjusted to the news with an immediate spike up above 1.2210 and a follow up decline a minute after the announcement.
US monetary policymaker James Bullard stated on Wednesday that the US Federal Reserve is set to raise rates until US inflation reaches 2.00%.
This week, Reuters announced that its sources in the German government have indicated that it is currently impossible to impose gas consumption restrictions.
Recent data has revealed that business activity in the Euro Zone has decreased during July, as consumers have been staying at home.
During Tuesday's trading hours, the stock price for Uber surged, as the company announced that for the first time ever the company had managed to turn its cash flow positive.
BP second quarter earnings have surged, as profits have hit $8.45 billion, which is a 14-year-high level. The company has decided to increase its spending on production and boost dividend pay-out.
This week, Air Canada announced that it had suffered smaller than forecast quarterly losses. However, the company revealed that it expects its annual costs to increase.
The industrial company Caterpillar Inc revealed that it had beat second quarter profit estimates due to higher equipment prices decreasing the negative impact of increasing costs.
A company investigation has revealed that an affiliate of Toyota Motor Corporation has been falsifying emissions data as early as 2003.
In July, Euro Zone factory activity had decreased, as the manufacturing sector has been stockpiling inventory due to low demand.
This week, the second quarter GDP of Hong Kong had decreased by 1.4% on a year on year basis.
Heineken has announced that the company had finished the first half of 2023 with a record high profit, as consumers have continued to buy beer despite inflation.
Various stock indices around the world started August trading by reaching seven-week high levels.
The trial of Elon Musk versus Twitter over the $44 billion buyout deal has been scheduled to start on October 17.
A Reuters survey has revealed that polled economists expect the Bank of England to hike the GBP base interest rate by 0.50%.
AbbVie is set to pay $2.37 billion to end thousands of lawsuits against the company over opioid painkiller marketing.
Proctor & Gamble has revealed that the company has missed its quarterly earnings estimates and it would lower its growth forecast.
The United States and Japan have launched economic talks, which would aim at pushing back on Russia and China,
On Friday, Chevron revealed that the company had profited $11.6 billion during the second quarter of 2022.
The oil company Shell has ended the quarter with a new record profit of $11.5 billion. Moreover, the company has announced a $6 billion share buyback program.
Panasonic has announced that the company has experienced a 39.00% decline in operating quarterly profits.
This week, despite keeping its sales targets for 2022 intact, Volkswagen warned that energy uncertainty in Europe might harm the company.
In the second quarter of 2022, Toyota Motor Corporation has missed its production target by 9.80%. However, the firm commented that it expects a recovery in the third quarter of the year.
The Deputy Governor of the Bank of Japan Masayoshi Amamiya has revealed that the central bank has been constantly thinking of ways of how to end its ultra-loose policy.