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US ups interest rates, UBS buys Credit Suisse – this week’s economy news
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US raises interest rates by 0.25 percentage points; UBS takes over Credit Suisse; IMF board approves Sri Lanka bailout. 1. US raises interest rates again as it weighs up banking crisis The US Federal Reserve has raised interest rates by a quarter of a percentage point but indicated it is on the verge of pausing further increases. This is to help balance out inflation risks given the threat of banking-system instability and a potential credit crunch that could lead to a sharp economic slowdown. The rate hike is the US central bank’s…
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This week’s must-know travel news
Queen Anne is coming to New Zealand in 2025. Photograph / Cunard Each individual 7 days in Sunday Journey, we look at out some of the most up-to-date happenings from Aotearoa and over and above to encourage your upcoming adventure. Get ready to welcome Queen Anne Cunard’s most recent ship, Queen Anne will make her maiden check out to New Zealand in 2025. In January that year, Queen Anne will established sail on her very first-at any time Globe Voyage, checking out far more than 30 ports around five continents. From Honolulu, she will cruise to Auckland by means of Samoa and Tonga, ahead of crossing in excess of to…
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Nasdaq builds on last week’s gains; S&P 500, Dow fall to start week
U.S. shares shut combined on Monday right after failing to sustain momentum from the to start with big rally of the year very last week. Technologies led the way increased, with the Nasdaq Composite (^IXIC) increasing .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, an outlier in the session, even though much underneath the climb of more than 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} that the index noticed previously into buying and selling. The S&P 500 (^GSPC) and Dow Jones Industrial Typical (^DJI) every turned lower into the near, slipping .1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} and .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, respectively, after paring the day’s gains. The U.S. greenback continued its slump, when the price tag of oil rallied to start out the week around optimism around demand from…
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