Fed says implications of developments in Middle East for US economy 'uncertain'. The US Fed has kept its benchmark rates unchanged in an 11-1 vote, at 3.5-3.75% range, in line with market forecasts. The Fed seeks to achieve maximum employment and...
World Trade Organization warns that escalating conflicts in Middle East to drive up energy prices, slow global trade growth, and threaten food security. The World Trade Organization (WTO) announced that ongoing conflicts in the Middle East are putting significant pressure...
The US Dollar Index (DXY) is moving at a pivotal moment, reflecting the interplay of three key factors: the Federal Reserve’s monetary tightening, rising US Treasury yields, and escalating geopolitical risks, particularly in the Middle East, said an industry...
Consumer inflation to be higher in near term as result of new shock to economy, says Bank of England. The Bank of England has kept its policy interest rate constant at 3.75%, in line with market expectations. "Conflict in the Middle...
Benchmark deposit rate remains unchanged at 2% for 6th time in a row, at lowest level since November 2022. The European Central Bank (ECB) left its three key interest rates steady and warned that the Middle East war has made...
The Net-Zero Asset Owner Alliance released the fifth version of its Target-Setting Protocol, introducing “transition targets” that allow investors to support high-emitting companies with credible decarbonization plans. The alliance represents 87 institutional investors across 19 countries managing more than $9...
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and...
Global Renewables Alliance launches a five point action plan urging governments to accelerate renewable deployment within the next 36 months. Plan targets permitting reform, grid expansion, financing mobilization, electrification, and supply chain scale up. Industry leaders warn fossil fuel dependence is...
Denominating trade finance costs in renminbi could offer “immediate bottom-line impact” for corporates as their exposure to the currency accelerates, Standard Chartered has said. While many businesses have “significant” renminbi exposure in their supply chains, it is yet to be...
Opportunistic credit’s low correlation to public markets and returns profile mean it may be better suited to institutional investors allocating to private markets than private equity, according to Davidson Kempner. A recent white paper by the $37bn investment firm found...
