The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices went through a period of high volatility before all three major US market indices closed […]
FRANKFURT (Reuters) – Natural gas price shocks are having an increasingly significant impact on inflation in the euro zone, although still not as strong as oil price fluctuations, a European Central Bank study published on Monday shows. When the war between Russia and Ukraine began in early 2022, natural gas prices soared, helping to push […]
By Alexandra Schwarz-Görlich and Tom Sims VIENNA (Reuters) – Austria’s Raiffeisen Bank International, the largest Western bank in Russia, believes a sale of 60 percent of its business there is the most likely scenario as it tries to withdraw from the market, its chief executive said on Tuesday. The RBI has been under pressure from […]
