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The Latest Breaking News on Financial Services

China may reopen soon—but 'millions' of new COVID cases will disrupt its economic recovery

Analysts are warning of a "bumpy," "zigzagging" recovery since China's COVID cases and deaths will likely spike.

Fortune

FTSE 100 Live: House prices in biggest fall since 2008, oil near $80

The average house price slid 2.3% in November, the largest monthly drop recorded by lender Halifax since October 2008.

Evening Standard

RBI Monetary Policy Committee Hikes Policy Rate By 35 Bps To 6.25 Per Cent

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

Dynamite News

From analysis to the latest developments in health,
read the most diverse news in one place.

Martin Lewis shares three ways to get up to £200 for free this winter

Amid the cost of living crisis, these tips could help people out this winter

Liverpool Echo

Single-family lending drives neighborhood disparities, new report finds

A report from the Urban Institute finds that the more Black residents who live in a Chicago neighborhood, the less investment the area saw compared with predominantly white neighborhoods.

Chicago Sun-Times

‘Shameful’ companies fined for preying on over-60s with unlawful marketing calls

The firms were “deliberately targeting” those people signed up with the Telephone Preference Service

Wales Online

The RBA has raised interest rates again. What does this mean for the economy in 2023?

Economists respond to the decision by the Reserve Bank to raise interest rates by 25 basis points to the highest level since the end of 2012

The Guardian - AU

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RBA remains defiantly out of touch as shareholders enjoy a bonanza

Wouldn’t it be nice if the Reserve Bank stopped worrying about a wage-price spiral and focused instead on profit-greedy firms.

Crikey

Senate Democrats: Reduce harm of drug laws to open cannabis banking

Negotiations over provisions that would allow cannabis companies to access banking services were among the sticking points holding up the release of the fiscal 2023 defense reauthorization bill text Tuesday, senators said.

Tribune News Service

‘Shameful’ companies fined for targeting over 60s with unlawful marketing calls

The firms were ‘deliberately targeting’ those signed up with the Telephone Preference Service.

The Independent UK

Axa predicts substantial revenue growth

Axa Insurance Plc, a Thai unit of the France-based global insurer Axa Group, aims to increase its revenue to 5.2 billion baht in 2023, up from an estimated 4.8 billion this year, by focusing on new products and expanding ties with strategic partners.

Bangkok Post

Recession fears weigh on stocks as US oil prices hit 2022 low

New York (AFP) - Wall Street stocks fell again Tuesday, tumbling after leading bankers warned of rising recession risks, while worries of an oil-supply glut sent the US benchmark to its lowest level of 2022.

AFP

Former President Donald Trump's company is found guilty of criminal tax fraud

Trump and his company have repeatedly faced criminal investigations but this case marks the first time his company has been charged, tried, and convicted on criminal charges.

WEKU

Trump Organization guilty of tax fraud, New York jury finds

Twelve-person jury returns guilty verdict against former president’s company after being sent out on Monday to deliberate

The Guardian - US

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news in one place.

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Bangkok Post

Fed to Weigh Higher Rates in 2023 While Slowing Rises This Month

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.

The Guardian - AU

Chinese ambassador hails ‘very successful’ meeting – as it happened

This blog is now closed

The New Daily

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

Investors Business Daily

United Airlines Stock Joins Rank Of Stocks With RS Ratings Over 90

United Airlines shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.

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Liverpool Echo

£100,000 taken from drug dealers and crooks and given to areas blighted by crime

"There's nothing better than saying to a community that the money we are using has come from serious and organised crime, I love that bit about it"

Ballotpedia

Florida divests from BlackRock

Last week, the state of Florida, at the direction of Governor Ron DeSantis (R) and State Chief Financial Officer (CFO) Jimmy Patronis, became the latest state to divest funds from BlackRock over its sustainability and ESG policies:

The Guardian - UK

Hunt to urge banks to aid mortgage borrowers amid cost-of-living crisis

Exclusive: Chancellor to meet heads of UK’s major lenders and consumer champion Martin Lewis on Wednesday

Daily Record

Scots carer who stole from 87-year-old widow on day of her husband's funeral dodges jail

Margaret McPhail, 62, carried out £11,800 worth of cash withdrawals on 87-year-old Agnes Fowler's account from her home in Cambuslang, South Lanarkshire.

Investors Business Daily

Robinhood, Trading App For The Young, Pushes Into Retirement Accounts With This Incentive

The Robinhood trading app will offer IRAs for its users including those lacking access to workplace retirement plans, with a 1% match.

AAP

Economy up 0.6 per cent in third quarter

Aggressive interest rate hikes have done little to slow growth in the September quarter, with the economy expanding by 0.6 per cent over the three months.

The Independent UK

Jury considers verdict as socialite is accused of laundering cash by buying gold

The 40-year-old ex-husband of heiress Petra Ecclestone is one of eight defendants on trial.

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