MARKET REPORT: Cruise company Carnival crashes to record low

MARKET REPORT: Cruise company Carnival crashes to record low after it warns it faces further losses as cost of fuel and other essentials soar By John Abiona For The Daily Mail Published: 21:50, 30 September 2022 | Updated: 07:48, 1 October 2022 Cruise company Carnival crashed to a record low after it warned it faces … Read more

Whistler’s ‘Peacock Room’ Open After Weeks of Restoration | At the Smithsonian

Roger Catlin Museums Correspondent It’s painstaking enough to restore a single painting. It’s something altogether different to apply the meticulous process to an entire, elaborate room that’s more than a century old. In the case of the unique Peacock Roomoriginally painted by James McNeill Whistler for a London patron’s dining room, largely against his wishes, … Read more

German sports car maker Porsche roars onto stock market with £70bn float

Porsche roars onto stock market with £70bn float: German sports car maker defies global financial turmoil By Luke Barr For The Daily Mail Published: 22:21, 29 September 2022 | Updated: 22:42, 29 September 2022 Sports car maker Porsche defied global financial turmoil as it made its debut on the stock market with a value of … Read more

Home sellers reduce asking prices at highest rate since pre-pandemic as rising rates hit buyers

Is it now a buyer’s market? House sellers reduce asking prices at highest rate since pre-pandemic as surging mortgage costs hit home Zoopla: 6% of homes listed for sale have had asking price reduced by 5% or more This is the highest level since pre-pandemic, according to the property site Rising mortgage rates ‘will erode … Read more

How the United States is exporting inflation to other countries

London CNN Business — The Federal Reserve is laser-focused on stemming price increases in the United States. But countries thousands of thousands away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of their … Read more

Crypto technology could bolster capital markets, BoE’s Cunliffe says

The technology that underpins crypto could help bolster traditional capital markets, according to the Bank of England. “The greater impact on the financial system may well come from the transfer of technologies developed in the crypto world to the ‘real’ world,” deputy governor Sir Jon Cunliffe told an Association for Financial Markets in Europe conference … Read more

Pound struggles to recover as Bank of England moves to calm markets

After a day of hellish headlines and forecasts around Britain’s pound, the Bank of England finally weighed in, saying it is “monitoring developments in financial markets very closely in light of the significant repricing of financial assets”. The statement, long-awaited alongside market speculation of intervention from the BoEcame hours after the pound plummeted to a … Read more

Currency market in turmoil as inflation wreaks havoc across the globe

Currency market in turmoil as inflation wreaks havoc across the globe: Bank of Japan moves to prop up yen against rampant dollar By John-paul Ford Rojas For The Daily Mail Published: 22:22, 22 September 2022 | Updated: 22:25, 22 September 2022 Financial markets swung wildly yesterday as central banks around the world struggled to navigate … Read more