The Latest Breaking News from ING

Aggressive interest rate hikes and escalating recession fears are expected to keep the stock market under tremendous pressure in the near term. Hence, seniors could consider reliable stocks with a track record of increasing dividend payouts, Coca-Cola (KO), Costco (COST), and Phillips 66 (PSA), as safe investments. Continue reading….

Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened

Asia’s fourth-largest economy sees industrial output shrink a worse-than-expected 1.8 percent in August.

Most emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high.

Investors are demanding the kind of returns for lending to the UK usually associated with less stable nations

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.

Sterling declined to a new 37 year low of $1.0899

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…

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

The Bank of England's Monetary Policy Committee is expected to increase interest rates from 0.75% to 2.5% in what would be the single biggest hike in more than 30 years

Sterling dropped below $1.14 taking it to its worst point since 1985