The Latest Breaking News from ING

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.

A major outage of online fast inter-bank transfer system Osko leaves payments in limbo, with the Reserve Bank admitting fault.

Governor Bailey insists that the emergency buying programme will end this week

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world's biggest crude importer, re-ignited concerns about falling global fuel demand. Brent crude futures for December settlement fell by as much as 1.1%, and was last…

Hong Kong's share benchmark has soared more than 6% as Asian shares track gains on Wall Street

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.