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finance

U.S. House to hold hearing addressing rising health care costs this week

(The Center Square) – Rising hospital prices will face scrutiny on Wednesday as a U.S. House panel examines the drivers of health care costs across the country. The House Energy and Commerce Committee’s Subcommittee on Health will hold a hearing titled “Lowering Health Care Costs for All Americans: An

European bank battle heats up as UniCredit swoops for Commerzbank

European bank battle heats up as UniCredit swoops for Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, sparking fury from Berlin and a defiant vow from the German lender to defend its independence. While stressing that it did not expect to take full control, UniCredit said it would raise its stake

Central banks meet as Mideast war fuels inflation fears

Central banks meet as Mideast war fuels inflation fears

Some of the world's biggest central banks meet this week as fears grow the energy shock unleashed by the Middle East war could fuel inflation and weigh on growth. The US Federal Reserve, European Central Bank, Bank of England and Bank of Japan hold previously scheduled meetings on

EU wants to tap citizens' savings. Easier said than done

EU wants to tap citizens' savings. Easier said than done

The idea sounds simple: tap trillions of euros of EU citizens' savings to unlock capital for European companies through a more integrated financial market. Getting over the finish line, however, has been complicated, with EU states unable to agree and the idea languishing for years. More than a decade

US Fed expected to hold rates steady as Iran war roils outlook

US Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness. The Fed will start its two-day meeting on Tuesday, with an announcement

Oil stays above $100, stocks slide tracking Mideast war

Oil stays above $100, stocks slide tracking Mideast war

Oil prices stayed over $100 per barrel Friday while stock markets slid, with no end in sight to disruption in crude supplies as war rages on in the Middle East. With the conflict heading toward its third week, equity markets continued falling amid investor worries of an extended crisis that

Why is the dollar profiting from Middle East war?

Why is the dollar profiting from Middle East war?

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump's economic objectives. AFP looks at the reasons behind the greenback's rise against rivals. - King of oil - At the start of the conflict