WIKIFX REPORT: Woori Bank Investigated by FSS for Suspicious Forex Trading
The bank's activities began to raise suspicions after it was discovered that one branch had foreign exchange transactions that were more than 145 times the average.
Swiss inflation in June tops 3%, highest since 2008
Swiss consumer prices rose 3.4% in June, more than economists had expected and the first time inflation in Switzerland has topped 3% since July 2008.
UK economic outlook has deteriorated, Bank of England warns
But banks are well-placed to weather even a severe economic downturn, the Bank of England says.
Sterling tumbles to March 2020 low versus Swiss franc
Sterling slumped on Friday against the safe-haven Swiss franc, hitting its lowest level in more than two years
Forget rate hikes, these analysts are predicting interest rate cuts next year
“There is a very high chance the Fed ends up cutting rate towards ... the end of next year,”
The US economy in recession?
The Atlanta Fed’s GDPNow gauge sees the second-quarter running at negative 2.1%.
UK and New Zealand expand working holiday visas
The age limit for a visa to live and work in either country will go up to 35 under a new deal.
S.Korea central bank sold net $8.31 billion for FX intervention in Q1
It was the biggest net selling of dollars by the Bank of Korea since its quarterly release began in the third quarter of 2019.
German inflation unexpectedly cools off in June at 8.2%
German inflation dipped in June
EUR/USD Tumbles Below 1.05 Following Key ECB Forum
Dollar strength saw EUR/USD tumble back below 1.05, with room to run below to support.
US Hits Russian Gold Imports, Defense Industry With New Sanctions
The United States on Tuesday imposed sanctions on more than 100 targets and banned the import of new Russian gold.
Morgan Stanley, Bank of America raise dividends, JPMorgan keeps flat
Morgan Stanley and Bank of America are hiking their dividends, while JPMorgan & Chase will keep theirs flat
Banking body BIS urges decisive wave of global rate hikes to stem inflation
“The key for central banks is to act quickly and decisively before inflation becomes entrenched,” Agustín Carstens, BIS general manager, said as part of the body's post-meeting annual report Annual Economic Report published on Sunday.
Russia on brink of default as debt deadline looms
The country is close to its first default since 1998 as sanctions block payments to creditors
Lebanon's runaway inflation reaches 211% in May
Lebanon continues to endure runaway inflation as politicians jostle to form a new government more than a month after parliamentary elections, delaying the enactment of reforms that can unlock $3 billion from the International Monetary Fund to resuscitate its economy.
Japan's inflation tops BOJ target for 2nd month in test of monetary stance
Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.
Russia allows residents to send security trading proceeds to foreign accounts
Russia allows residents to send security trading proceeds to foreign accounts
Netflix cuts 300 more jobs after subscriptions fall
In April the streaming giant reported its first subscriber loss in more than a decade.
US Fed Chair Admits Recession a 'Possibility' After Rate Hikes
The economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession.
President Biden urges petrol tax 'holiday' as fuel prices bite
Analysts say suspending the tax would do little to lower costs for people at the pump.