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Author: Francis McGee

Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news for the global economy
Economy News

Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news for the global economy

Francis McGeeSeptember 28, 2022

The British pound, like most major currencies other than the dollar, has been beneath siege all through 2022. And the…

Exclusive: Lebanon to slash official exchange rate from end of October, finance min says
Finance News

Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

Francis McGeeSeptember 28, 2022

BEIRUT, Sept 28 (Reuters) – Lebanon strategies to slash its official trade amount from the finish of Oct, changing the…

Bank of England delays bond sales, launches temporary purchase program
Finance News

Bank of England delays bond sales, launches temporary purchase program

Francis McGeeSeptember 28, 2022

LONDON — The Financial institution of England will suspend the planned commence of its gilt providing next 7 days and…

How Donald Trump got his Deutsche Bank loans
Finance News

How Donald Trump got his Deutsche Bank loans

Francis McGeeSeptember 28, 2022

Deutsche Bank has emerged as the star witness in New York lawyer basic Letitia James’ circumstance versus Donald Trump and…

UPDATE 4-Bank of England to buy 65 billion pounds of UK bonds to stem rout
Finance News

UPDATE 4-Bank of England to buy 65 billion pounds of UK bonds to stem rout

Francis McGeeSeptember 28, 2022

* Financial institution of England methods in to obtain very long-dated bonds * 30-calendar year yields tumble by 100 bps…

Stock market losses wipe out $9 trillion from Americans’ wealth
Finance News

Stock market losses wipe out $9 trillion from Americans’ wealth

Francis McGeeSeptember 28, 2022

Falling stock marketplaces have wiped out far more than $9 trillion in prosperity from U.S. homes, putting much more tension…

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