Europe's inflation falls to a two-year low. It offers confidence, but rising oil prices are imminent.

Inflation, which has been a problem for Europeans, fell sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations, and haircuts - and that the European Central Bank won't have to further restrict the economy by...

"SocGen outperforms second quarter estimates for cost control and auto leasing unit. "

Societe Generale, France's third-largest publicly traded bank, disclosed quarterly earnings that exceeded expectations on Thursday, as cost management and robust growth in its car leasing division offset a sharp decline in margins at its retail branch.

For the three-month period end...

Societe Generale returns to profitability, but faces domestic market pressures

Societe Generale returned to profitability in the second quarter of this year, but its performance was hampered by reduced revenues in France and broader global banking challenges.

The net income of the bank was 900 million euros ($983.6 million). This is significantly higher than the 1...

The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'

The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.

The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.

"In...

7 of Sonia Rykiel's most iconic looks, from lingerie to statement jumpers

After failing to find a buyer, French luxury fashion designer Sonia Rykiel is reportedly likely to collapse, dealing yet another blow to the industry this year.

Months after the company filed for bankruptcy in France and shut down stores in New York and London, a judge in a Paris commer...

By 2075, India will have a bigger economy than the U.S., according to Goldman Sachs

Goldman Sachs predicts that by 2075, India will have the world's second-largest economy, passing not only Japan and Germany, but also the U.S.

India is the fifth biggest economy in the world right now, after Germany, Japan, China, and the U.S.

In a recent report, an invest...

The words from the central bank are the focus as European markets end on a slightly higher note; fintech Wise is up 16%.

Tuesday was mostly a bad day for European markets, but they ended on a cautiously optimistic note as investors listened to what central bankers said at the ECB Forum in Sintra.

After six straight down days, the pan-European Stoxx 600 finished with a tentative gain of 0.09%.

Th...

The Rs. 2,000 note is being phased out of circulation but will remain valid currency until September 30.

A circular from the Reserve Bank of India dated May 19 announced the withdrawal of Rs 2,000 currency notes from circulation. The memo said that the notes will remain valid tender until September 30. According to the document, the RBI's "Clean Note Policy" necessitates the change. Th...

Sharad Pawar describes the withdrawal of Rs 2000 banknotes as the act of a temperamental individual.

Monday, the leader of the Nationalist Congress Party, Sharad Pawar, compared the decision to withdraw Rs 2000 notes from circulation to the actions of a "moody person." The Reserve Bank of India announced the discontinuation of Rs 2,000 currency notes from circulation on May 19 BI and s...

First Q1 current account deficit in 11 years in South Korea

The Bank of Korea released data on Wednesday showing that the first three months of 2023 saw a deficit in South Korea's current account balance for the first time in 11 years due to weak exports. A record-high loss of $4.21 billion in January followed by $520 million in February contributed t...

The G7 finance ministers' meeting is overshadowed by banking crisis concerns.

Against the backdrop of concerns of a bank-led global financial crisis, the Group of Seven finance ministers and central bank governors meeting, which begins on Thursday, is anticipated to concentrate on strengthening the financial system.

Ahead of next week's G7 leaders’ summ...

The stock of First Republic Bank falls roughly 60% in a week.

Concerns about the bank's financial health in the aftermath of two other bank failures led to a continuing decline in First Republic Bank's stock price on Wednesday, which has lost 60% of its value just this week.

After the bank disclosed that depositors withdrew more than $100 ...

Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.

Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...

Haruhiko Kuroda becomes less dovish as he leaves the Bank of Japan after a decade of enormous stimulus.

Haruhiko Kuroda adopted a slightly less dovish stance in his farewell speech as the head of Japan's central bank on Friday, concluding a decade of unconventional policy that included a "bazooka" of stimulus aimed at boosting inflation and sustainable growth.

Kuroda, upon h...

The failure of Silicon Valley Bank has shaken up the tech industry's upstarts.

The collapse of Silicon Valley Bank caused widespread panic in the technology sector, which had provided the bulk of the bank's revenue, and left many business owners in a state of debt relief debt relief gratitude to the government. The collapse of Silicon Valley Bank sent shockwaves through...

Deal talks continue, but Virgin Orbit is doing everything it can to escape bankruptcy.

According to CNBC's findings, Virgin Orbit is in a mad dash to find a financing lifeline and avoid bankruptcy, which could happen as soon as this week if a deal isn't reached.

CNBC was the first to report that the rocket manufacturer had temporarily shut down and dismissed most ...

What you didn't see on television on Oscars night

On Oscar night, the audience at the Dolby Theatre really starts to liven up during the commercial breaks. Since they are actors, the stars don't mind playing for the cameras that are pointed at them during the global broadcast, but it seems like most of them would rather just talk to their fe...

Swiss authorities monitor banks and insurers following the SVB bankruptcy.

Following the failures of Silicon Valley Bank and Signature Bank, the Swiss financial regulator FINMA announced on Monday that it would identify any potential contagion risks for the nation's banks and insurers.

Investors were unconvinced by the U.S. government's efforts to reas...

Gold has its finest week since mid-January thanks to a weaker dollar.

On the back of a weaker dollar as investors weighed the next move of the U.S. central bank in policy, gold prices climbed to their highest level in nearly two weeks on Friday and are set for their biggest weekly gain since mid-January.

Gold hit its best level since February 20 at $1,847...

Sam Bankman-Fried, FTX's founder, was recently indicted on several felony counts, including violations of campaign finance laws.

The founder of the cryptocurrency trading platform FTX, Sam Bankman-Fried, has been hit with four new criminal charges, increasing the scope of his potential liability in what federal prosecutors are calling a billion dollar fraud.

On Thursday, a superseding indictment was unsealed, bri...