The Latest Breaking News from ING

Yield on 30-year UK government bonds plummets as chancellor reverses more of Kwarteng mini-budget

Odds now favor that the U.S. economy slipping into a recession within the next year, with economists expecting the labor market and demand will become casualties in the Federal Reserve’s inflation battle.

Aggressive interest rate hikes and escalating recession fears are expected to keep the stock market under tremendous pressure in the near term. Hence, seniors could consider reliable stocks with a track record of increasing dividend payouts, Coca-Cola (KO), Costco (COST), and Phillips 66 (PSA), as safe investments. Continue reading….

Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened

Asia’s fourth-largest economy sees industrial output shrink a worse-than-expected 1.8 percent in August.

Most emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high.

Investors are demanding the kind of returns for lending to the UK usually associated with less stable nations

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.

Sterling declined to a new 37 year low of $1.0899