South Korea’s SK On has raised around 2 trillion won ($1.51 billion) from private value firms, pushing the electric vehicle (EV) battery producer’s valuation to around 20 trillion won as it attempts to grow creation abroad, nearby media covered Thursday. The battery unit of energy bunch SK Innovation Co Ltd (096770.KS) has been in chats […]
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Individuals liable for deluding ‘purchase presently, pay later’ adverts could have to carry out two years in jail, Britain’s monetary guard dog cautioned on Friday as it told firms offering the credits to quit empowering “drive purchasing” and illuminate late reimbursement expenses. As Britain’s cost for many everyday items emergency declines, the Financial Conduct Authority […]
Continue ReadingBank of England governor Andrew Bailey has insisted controlling rampant inflation is the “absolute priority” as policymakers delivered the biggest hike in interest rates for 27 years and warned over the longest recession since the financial crisis. Mr Bailey said there are “no ifs, no buts” over the Bank’s commitment to bringing inflation back to […]
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If interest rates rise, borrowing could become more expensive for you. Whether you are looking to get a mortgage to buy a house, or a new car on credit, it’s crucial to think about what higher costs mean for you. What is Bank Rate? Bank rate is the rate charged by the central bank for lending […]
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Scottish Green Party co-leader Lorna Slater said she was “terrified” by the Conservative leadership candidates’ approach to the economy. It comes after Liz Truss performed a U-turn following an announcement that she would cut public sector pay by £8.8 billion outside of London on Tuesday. Do you want to invest in real estate but don’t […]
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The Bank has cut its growth forecasts, and now sees the economy falling into recession from the October-December quarter. In a grim warning about the economic outlook, it says: GDP growth in the United Kingdom is slowing. The latest rise in gas prices has led to another significant deterioration in the outlook for activity in […]
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Bitcoin is down for a third day as jitters in the cryptocurrency market and rumours of a US speaker’s travel to Taiwan weigh on the market. Jitters in the global markets about intensifying US-China hostility are weighing on the cryptocurrency market. In the early hours of Tuesday, the biggest digital token dropped as much as […]
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House Speaker Nancy Pelosi is planning to visit Taiwan this week, according to a Wall Street Journal report. The Taiwan dollar hit a two-year low ahead of Pelosi’s visit and amid US-China geopolitical tensions. On Sunday, it dipped below the symbolic threshold of 30 Taiwan dollars per one US dollar, though it regained some of […]
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Oil fell as the week’s trading kicked off, with poor Chinese economic data adding to concerns that a global slowdown may sap demand. West Texas Intermediate slid below $97 a barrel Monday after sinking almost 7% in July in the first back-to-back monthly loss since late 2020. Weekend data indicated a surprise contraction in Chinese […]
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The National Youth Council of Nigeria (NYCN) has blamed the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele’s poor economic management policies for the recent free-fall of the Naira. The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market. President of the […]
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