The Latest Breaking News from ING

Pound plummets to fresh 37-year low as markets are spooked as mini-budget unveiled

Sterling declined to a new 37 year low of $1.0899

Evening Standard · Sep 23, 2022

Oil Prices Surge More than 2% as Putin Mobilizes More Troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%, to $92.90 a barrel by 0707 GMT after falling $1.38 the previous…

Asharq Al-Awsat · Sep 21, 2022

Sterling languishing against dollar as interest rate hike speculation builds

STERLING is continuing to languish against the dollar ahead of the new Chancellor’s first fiscal statement expected later this week.

The National (Scotland) · Sep 19, 2022

Ethereum Blockchain Set for 'Monumental' Overhaul

An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy consumption. Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital…

Asharq Al-Awsat · Sep 11, 2022

Shaking Up The Stablecoin Scene

With the initial phases of the Merge underway, Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) and the broader markets over the past week. That includes the S&P 500 and Nasdaq.

Benzinga · Sep 9, 2022

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

ABC News · Sep 9, 2022

ECB delivers record-setting rate hike

FRANKFURT: The European Central Bank (ECB) announced the largest interest rate increase in its history on Thursday and said there were more to come as it scrambles to pull inflation down from record heights.

Bangkok Post · Sep 8, 2022

ECB makes biggest rate hike in eurozone history lifting rates by 0.75%

European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar

Evening Standard · Sep 8, 2022

Pound falls to lowest level since 1985 against dollar – as it happened

IFS boss says Liz Truss’s plans to freeze energy bills ‘very poorly targeted’; Putin threatens to cut off energy supplies if price caps are imposed; UK housing market shows signs of slowing

The Guardian - UK · Sep 7, 2022

Oil Prices Ease on OPEC+ Output Cut

Oil prices inched lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market's recent slide. Brent crude futures had fallen 81 cents, or 0.9%,…

Asharq Al-Awsat · Sep 6, 2022