The stock market slumps as the Fed's strong stance dampens China's surge.

In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...

UNITED KINGDOM: RISHI SUNAK TO REVEAL 400-BILLION-POUND BORROWING PLAN

Highlights:

• Rishi Sunak is going to announce the heaviest public borrowing since the world War Tow
• Rishi Sunak will be unveiling a record 400-billion-pound borrowing plan next week

Rishi Sunak, who is the finance minister of United K...

LONDON STOCK MARKET TRADE LOW; PLANS TO RAMP UP BOND SALES

Highlights –

• Britain plans to speed up its bond sale of about $339 billion.
• DMO presented a $61 billion increase in government bond sales.
• London share market traded low due to fear of second round of lockdown.
• The blue-chi...

UK GOVERNMENT EXCEEDED THEIR BORROWING CAPACITY

Highlights –

• The UK is under immense debt; more than its economy.
• The government has borrowed more than its limit.
• Current borrowing debt is over $24.08 trillion in total.
• The ONS mentioned that April's borrowing figure...

RESEARCHERS FEAR UK BORROWING VAST SUM OF MONEY MAY LEAD TO BUDGET DEFICIT

Highlights –

• UK government is borrowing quite a sum of money to save its economy from the pandemic.
• Market research experts say that continued borrowing may lead to a budget deficit.
• A deficit of around $161 billion to occur in five y...