The Latest Breaking News from Interest Rates

The Fed's chair comments signal the central bank is determined to continue raising interest rates to bring down inflation.

The Australian share market closes higher as companies such as Wesfarmers report earnings results, and investors await guidance on interest rate hikes from the US central bank.

The Australian share market has risen for its second straight day, as some of the nation's biggest companies reported better-than-expected profit results.

The stock market has experienced wild swings this year amid increased interest rates, ongoing geopolitical conflict, and sky-high inflation. Although a slight decline in inflation last month and strong corporate earnings have improved investors’ sentiments, market volatility is expected to persist. Thus, we think investing in under $20 mega-cap stocks…

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.

Welcome to the Wednesday, August 24, Brew. 

The Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday.

China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development…

City traders bet central bank will more than double cost of borrowing to combat soaring inflation