T The Bank of England released a statement in the wake of the pound’s dramatic drop to an all-time low against the dollar, saying it is “monitoring very closely” financial market developments. In the statement released Monday afternoon, Governor Andrew Bailey also said the Bank would not hesitate to change interest rates “by as much … Read more
Further price increases in the UK could happen for future launches, should the dollar maintain or increase its strength. The prices companies will have to pay for essential ingredients will also rise, making consumers more expensive. Paul Davies, chief executive officer at Carlsberg Marston’s Brewing Company, suggested the fall of the pound could trigger a … Read more
Interest rate hike by the US Fed causes jitters; dollar gains strength against other currencies | Latest news | WIONWION Yesterday’s Fed rate hike will be considered a mistake, Stifel’s Barry Bannister saysCNBC Television Central banks raise interest rates, fear worse pain laterThe New York Times opinion | The Fed’s new rate hike will help … Read more
Part of the BNZ Art Collection will be auctioned on Sunday at Webb’s. RNZ / Felix Walton Five works by New Zealand artist Colin McCahon sold for millions of dollars in the BNZ Art Collection this afternoon – and there are still concerns about their sale. Colin McCahon’s 1982 painting Is there anything one can … Read more
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Recession in Europe could be a blessing in disguise for the USfirst post Europe is heading for ‘deep recession’, deindustrializationForbes My say: Southeast Asia must prepare to weather the coming stormThe Edge Markets MY Recession in Europe ‘may even be positive’ for USthe Sunday Eurozone investor confidence at lowest point since pandemicMalta Times See full … Read more
Amazon Takes Huge Gamble on New ‘Lord of the Rings’ Series l GMAGood morning America ‘Lord of the Rings: The Rings of Power’: What You Need to Know Before Returning to Middle-earthCNN Amazon is Betting on New “Lord of the Rings” AdaptationWorldwide news The Rings of Power is bold, beautiful and exciting televisionThe new statesman … Read more
The rupee fell 7 paise to close at 79.93 after moving narrowly against the US dollar on Thursday. In the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.93 during the session. The domestic unit eventually stood at 79.93, down 7 paise from … Read more