Treasury Secretary’s Notes Reveal Plan to Support Yen Washington and Tokyo Coordinate Rare Currency Market Action The United States has stepped in to support the Japanese yen, with U.S. Treasury Secretary Scott Bessent at the centre of the intervention. A photograph taken during a cabinet meeting at Camp David on Friday captured a notepad in […]
Bank of America reported stronger second-quarter earnings after robust trading activity and resilient consumer banking helped offset continued economic uncertainty, underscoring the strength of the banking sector amid volatile global markets. The U.S. banking giant said its quarterly profit increased from a year earlier, with the gains driven largely by higher revenue from equities and […]
The Bank of England (BoE) lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, aligning with market expectations amid rising concerns over the economic impact of new U.S. tariffs. The move is the BoE’s first rate cut in over a year and signals the beginning of a potential easing cycle to […]