UK Chancellor of the Exchequer, Kwasi Kwarteng, has reportedly confirmed that the country’s public services spending will be cut by up to £18 billion ($20.5 billion) annually. The announcement came minutes

British retail and commercial bank, NatWest, has reportedly raised its interest rates on mortgage products following last week’s turmoil in the market, becoming the last of the big banks in the country to do so.

World Bank, the international financial institution, has reportedly slashed the 2022 economic growth forecast for the East Asia and Pacific region, stating that it will see a sharp decline this year due to a slowdown i

The Bank of Japan (BOJ) has reportedly decided to maintain its ultra-low interest rates and equally dovish policy guidance. The move comes amid the bank’s efforts to reassure markets that it would continue to mov

The pound sterling has reportedly hit a new 37-year-low with August retail sales witnessing a steeper decline than previously forecasted by industry experts. One of the major reasons behind this was the growing cost-of-living crisis, which has neg

Traders are reportedly expecting that the Federal Reserve in the US will increase its interest by three-quarter points during its scheduled meet later this month. According to the

South Korean stocks reportedly surged about 2% on Monday, as the US Federal Reserve is unlikely to raise interest rates by a full percentage point due to growing concerns about an economic slump. The Korean won grew in v

UK-based financial software firm, Finastra, and baking and financial services company, HSBC, have reportedly announced a new partnership that aims to distribute HSBC's FX services through Finastra's ‘Fusi

South Korea’s eco-friendly car exports reportedly accounted for over 30% of overall vehicle exports this year, the Korea International Trade Association has said. As per rep