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Economy

Economy

BOE to cut 4 times in 2025 – Deutsche Bank

Investing.com – The Bank of England kept interest rates unchanged, as expected, on Thursday, but Deutsche Bank (ETR:DBKGn) expects the UK central…
Economy

Italy fines OpenAI 15 million euros over privacy rules breach

MILAN (Reuters) – Italy’s privacy watchdog said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an…
Economy

Putin says Russia’s economy is overheating, inflation is worrying

By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) – The Russian economy is showing signs of overheating which is stoking worryingly high…
Economy

No need for ECB to start stimulating growth, Patsalides says

By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should keep cutting interest rates by small increments and there is no…
Economy

Here are the key takeaways from Putin’s annual press conference

Investing.com — On Thursday, Russian President Vladimir Putin expressed readiness for a dialogue with U.S. President-elect Donald Trump, while also discussing Russia’s…
Economy

Philippines central bank cuts rates again, signals more ahead

Investing.com — The Central Bank of the Philippines (BSP) has cut its rates by 25 basis points to 5.75%, marking the third…
Economy

Fed cutting cycle could be almost over, BofA analysts say

Investing.com — As widely expected, the Federal Reserve announced a 25 basis points (bps) rate cut at its December meeting, bringing the…
Economy

Oman’s Investment Authority acquires stake in Elon Musk’s XAI company, state news says

DUBAI (Reuters) – The Oman Investment Authority (OIA) has acquired a stake in the artificial intelligence company XAI owned by Elon Musk,…
Economy

Fed looks set to tweak reverse repo rate to speed exit of cash

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve appears likely to take a step on Wednesday to nudge cash…
Economy

Powell has a long to-do list for his last full year as Fed chief

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will…
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