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The Latest Breaking News from ING

Philippines’s GDP growth blasts past forecasts

Southeast Asian country’s gross domestic product expands 8.3 percent in first quarter.

Al Jazeera

3 High-Yield Stocks Wall Street Predicts Will Rally 55% or More

The U.S. equity market has been in correction mode lately on concerns over the Fed’s hawkish stance in fighting decades-high inflation and geopolitical issues. Furthermore, many analysts expect the economy to slip into recession. Therefore, we think it could be wise to bet on high-dividend-yielding stocks Sibanye Stillwater (SBSW), ING…

StockNews.com

Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

Financial Times

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

Crossrail to finally open; German exports to Russia plunge; climate protests at Barclays AGM – as it happened

London’s Elizabeth line finally launching, while German exports to Russia fell nearly two-thirds in March and climate activists have disrupted two bank AGMs

The Guardian - UK

IMF head warns rising food and fuel prices strain family budgets ‘to breaking point’ – as it happened

IMF managing director Kristalina Georgieva says ‘double crisis’ from Ukraine war and Covid is ‘a massive setback for the global recovery,’ as the fund says it’s open to emergency financing for nations facing food insecurity

The Guardian - UK

Britain could fall into recession this summer, say experts

Inflation will limit UK consumers’ spending power, with energy costs a particular problem

The Guardian - UK

Will China’s zero-Covid policy bring the world’s factory grinding to a halt?

Huawei executive warns of ‘massive losses’ in tech sector as tensions rise over strict lockdowns

The Guardian - UK

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MAFS Recap: I Need Both Xanax & Cyanide After Watching The Chaotic Reunion Dinner Unfold

"Tamara's a snake, full stop."

Pedestrian.tv

Oil Prices Dive as US Weighs Record Reserves Release

Oil prices plunged more than $5 a barrel on Thursday on news the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. Brent futures for May fell $5.47, or 4.8%, to $107.98…

Asharq Al-Awsat

Oil prices dive as Biden weighs massive reserves release

SINGAPORE: Oil prices dived more than $5 a barrel on Thursday as the United States is considering the release of up to 180 million barrels from its strategic petroleum reserve (SPR) over several months to calm soaring crude prices.

Bangkok Post

China tries to limit economic blow of Shanghai shutdown

China's leaders are trying to fine-tune their “zero tolerance” COVID strategy to rein in job losses and other costs to the world’s second-largest economy

The Independent UK

Sir Chris Hohn urges shareholders to vote against ‘greenwashing’ bank directors

Call comes as thinktank says the world’s 30 largest financial institutions are undermining their net zero targets

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

ING Groep Becomes Biggest Bank To Phase Down Funding Of New Oil & Gas Projects: Reuters

ING Groep NV's (NYSE: ING) energy chief said that the bank will no longer finance new oil and gas projects, becoming the biggest bank yet to commit to such a step in the fight against climate change.

Benzinga

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The Independent UK

Chinese virus cases climb, raise threat of trade disruption

Anti-virus controls have forced auto and electronics makers to shut factories in China and are raising risks of wider disruptions if the curbs spread to Chinese ports that are among the world’s busiest

The Independent UK

War in Ukraine disrupts key supply chains - and lives

It can be hard to measure the ways that Russia’s war in Ukraine has disrupted the global supply of parts and raw materials needed to manufacture products ranging from cars to computer chips

AAP

Online groceries save time, money: survey

A national survey commissioned by ING bank has found savvy shoppers are trading traditional grocery isles for online convenience.

Benzinga

Trading Wheat Futures In 2022 - What You Need To Know

Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.

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news in one place.

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The Guardian - UK

Oil rallies as US and UK announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial news

The Independent UK

Bank seen reining in rate hikes amid Ukraine conflict despite inflation fears

ING experts said there had been a ‘massive’ re-pricing of UK interest rates by financial markets due to Russia’s invasion of Ukraine.

Benzinga

Stocks That Hit 52-Week Lows On Tuesday

During Tuesday's trading, 98 companies set new 52-week lows.

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

ABC News

Andrew Forrest pulls back on Russian investments, while BP will dump Rosneft stake and Norway divests

Russia is being dealt more financial blows, with Australian billionaire Andrew Forrest pulling back on hydrogen investments there, while oil giant BP and Norway's sovereign wealth fund are also divesting from the country.

The Guardian - UK

Bank of England chief urges banks to show restraint on bonuses; global stocks recover – as it happened

Bank of England’s Bailey says sanctions pose no risk to UK’s financial sector, as foreign secretary talks about Britain’s plans to stop Russia selling sovereign debt in London

Wales Online

Sky is hiking its broadband charges by £43 a year

It comes as official figures today show the cost of living rose to another 30-year-high

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