The Bank of England raised interest rates on Thursday, its first increase since August 2023. Its main rate rose by a quarter point, from 3.75% to 4%. The aim is to stop higher energy costs from the Iran war spreading through the wider UK economy. Governor Andrew Bailey said the move should not be seen… Continue reading Bank of England Raises Interest Rates to 4% as Iran War Lifts Inflation
Diesel rises Rs2.29 to Rs402.96 per litre while petrol stays at Rs377.91 from Oct 31 to Nov 2. How prices compare with the April peak and who is affected.
Wall Street slips after oil prices dropped nearly 6% as easing tensions between the United States and Iran reduced concerns about global energy supplies. Investors reacted to the sharp decline in crude prices by reassessing market expectations. Analysts said improving geopolitical conditions helped calm fears of supply disruptions across global oil markets. Wall Street Slips… Continue reading Wall Street Slips as Oil Prices Fal
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised Argentina’s economic reforms under President Javier Milei, saying the country is now in a much stronger position to meet its future debt obligations. Speaking during a visit to Buenos Aires, Georgieva credited the government’s fiscal discipline and sweeping economic reforms with restoring investor confidence in… Continue reading Argentina IMF Debt Obligations Improve Under Milei
Global oil prices have surged above $100 per barrel for the first time since May, as escalating tensions across the Middle East continue to fuel concerns about global energy supplies. Brent crude, the international benchmark for oil prices, climbed more than six percent on Thursday after several days of steady gains, driven by renewed military… Continue reading Oil Prices Hit $100 for the First Time Since May
