Bank of England hikes rates for third successive meeting in bid to catch rampant inflation March 17, 2022 The Bank of England today hiked interest rates for the third successive meeting for the first time since 1997 as it tries to catch up with rampant inflation that is threatening to derail the UK economy. Rate setters at Threadneedle Street sent borrowing costs 25 basis points higher, taking them to pre-pandemic levels of 0.75 [...]
1 Minute Market Rundown – 17th March 2022 March 17, 2022 Russia – UkraineRisk sentiment improvesFed delivers So there were two big talking points yesterday. Firstly, Chinese authorities decided enough was enough and stepped in to prop up domestic equity markets. They pledged to keep capital markets stable, support oversea stock listings and confirming that regulation of big tech will end soon. Unsurprisingly, Asian stocks saw [...]
Ukraine’s Zelensky legalises crypto as donations near $100m March 17, 2022 Ukraine has legalised crypto with a bill signed by President Volodymyr Zelensky as digital asset donations pour into the conflict hit country.
Nickel traders plunged into chaos again as LME postpones trading March 17, 2022 Nickel traders were plunged into more chaos this morning as the London Metal Exchange was forced to suspend trading again after further systems failures.
Crypto investors should be prepared to lose their money, say EU regulators March 17, 2022 Investors risk losing all the money they invest in speculative crypto assets and should be wary of scams EU regulators warned in a joint statement.
FCA mulls fund ‘side pockets’ to limit damage of Russian assets March 17, 2022 The city watchdog is mulling whether to authorise so-called ‘side pockets’ in retail funds to allow fund managers to separate hard-to-sell Russian and Belarussian assets from their core investments.
Shoppers spend less at Ocado after offices reopen and Covid measures ease March 17, 2022 Ocado customers are spending less through the online grocery delivery service as pandemic habits return to normal. In an eight week trading update, Ocado said its average basket size came in at £124, 15 per cent lower than last year. This was reflective of changing shopper behaviours as customers return to physical supermarkets and offices. [...]
For God’s sake: Church of England puts pressure on Total Energies over Russia ties March 16, 2022 The Church of England has urged Total Energies (Total) to reconsider its decision not to exit Russia, following the country's invasion of Ukraine.
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
US Federal Reserve hikes rates for first time since 2018 as lift off begins March 16, 2022 The US Federal Reserve today hiked the world’s most important interest rate for the first time since 2018 in what is expected to be the first step in one of the fastest tightening cycles in recent history. Fed Chair Jerome Powell and the Federal Open Market Committee (FOMC) raised rates 25 basis points to between [...]