ECB Set to Raise Interest Rates in First Hike Since 2023

Why tech titans’ IPOs matter as much in China as in the US

Why tech titans’ IPOs matter as much in China as in the US Beijing will have to ask whether its capital markets and financial regulations can create and sustain companies of a similar scale This wave will redirect capital flows and alter valuations across the tech sector. As competition intensifies, investors worldwide will be forced to completely rethink where future returns will come from. For China, the rise of these companies will intensify an already fierce contest for global capital,...

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Citigroup Offers Its First Investment-Grade Bonds of 2026

Signage at a Citibank branch in New York, US, on Thursday, April 9, 2026. Citigroup Inc. is scheduled to release earnings figures on April 14. Photographer: Michael Nagle/Bloomberg

ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs

The European Central Bank announced a quarter-point rate hike on Thursday, bringing its key interest rate to 2.25% as the Iran war continues to blow inflation off target. Markets had been pricing in a near-100% chance of the ECB raising rates by at least 25 basis points ahead of its June Governing Council meeting, according to LSEG data. The ECB's Governing Council said the decision had been made in a bid to ward off inflationary pressures generated by the U.S.-Iran war.