In a surprising move, Sri Lanka's central bank has decided to reduce interest rates by 50 basis points. The bank also expressed its willingness to ease policy further in order to prioritize growth and help the economy recover from its…
One of the most prominent companies in the field of telecommunications, Ericsson, has recently disclosed its intention to reduce the number of employees it employs in Sweden, which will result in the elimination of approximately 1,200 positions. Given that the…
The Federal Reserve delivered an optimistic message to a U.S. stock market that is currently at record highs. Despite the economy's stronger-than-anticipated growth, the central bank maintained its rate-cut projections for 2024. Over the past few weeks, the market's anticipation…
A recent Reuters poll indicated that the key interest rate at the Central Bank of Turkey is expected to remain unchanged at 45% this week. This would be the second consecutive month that the rate has remained unchanged. However, the…
A year ago, the financial institution Credit Suisse was on the verge of going bankrupt, which resulted in the shares of European banks falling to an all-time low and the cost of insurance against default skyrocketing. Despite the turmoil that…
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