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The Latest Breaking News from Krishna Guha

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

French market leaps amid hopes Le Pen will fall short of outright victory

Euro rises against dollar as far right makes gains but investors believe result could have been worse

The Guardian - UK

Markets Fall On Dimming Rate Cut Hopes, China's Torpid Growth

Asian markets fell further Wednesday as hopes for an early interest rate cut by key central banks faded and data confirmed China's economy last year grew at its slowest pace in more than three decades.

International Business Times

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Is it a 'richcession'? Or a 'rolling recession"? Or maybe no recession at all?

The warnings have been sounded for more than a year: A recession is going to hit the United States

The Independent UK

Silicon Valley Bank collapse: What you need to know

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe

The Independent UK

Powell softens tone and says March rate hike size is not yet decided

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Tribune News Service

Is Bank of England about to break precedent on interest rates?

Markets expect 0.5 percentage-point rise for first time since independence as inflation rises

The Guardian - UK

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