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Financial News Around the World

GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls

Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.

Published 27 July 2023
Categorised as Finance News

Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate

Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday.

Published 27 July 2023
Categorised as Finance News

You may be overlooking an important point about target date funds

Target date funds have become the most popular 401(k) investments. But differences in stock and bond allocations mean they might not be right for everyone.

Published 27 July 2023
Categorised as Finance News

European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’

The European Central Bank on Thursday announced a new rate increase of 25 basis points, bringing its main rate to 3.75%

Published 27 July 2023
Categorised as Finance News

Watch live: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.

Published 27 July 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more

These are the stocks posting the largest moves in early morning trading.

Published 27 July 2023
Categorised as Finance News

Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike

UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.

Published 27 July 2023
Categorised as Finance News

BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm

BlackRock, the world’s largest asset manager, has joined forces with Jio Financial Services —the financial services unit of Indian billionaire Mukesh Ambani.

Published 27 July 2023
Categorised as Finance News

China VC slump is set to drag Asia-Pacific fundraising down to a decade low

China-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said.

Published 27 July 2023
Categorised as Finance News

I’m a solo female traveler from Europe. Here’s why I chose to go to Vietnam

Vietnam has great weather, interesting culture, fantastic food and friendly people — and it’s a place with plenty to see in a week.

Published 27 July 2023
Categorised as Finance News

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