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Fed Officials Nod to March Rate Hike As Inflation Drumbeat Grows Louder

Federal Reserve policymakers this week signaled they will start raising U.S. interest rates in March to battle inflation.

Asian Shares Slip on Fed Officials’ Hawkish Policy Stance

Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations.

Oil Eases As Investors Eye U.S. Oil Release While China Has Demand Concerns

Oil prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices.

Bank of America, Wells Fargo Scrap Some Overdraft Fees

Wells Fargo & Co and Bank of America will no longer charge customers for bouncing checks and are adopting new policies.

Citi to Sell Southeast Asia Retail Business to Singapore’s UOB for $3.7 Bln

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank for about S$5 billion.

10-Year Treasury Yield Hits 1.75% Following Hot Inflation Reading

The 10-year U.S. Treasury yield hit 1.75% after an inflation report showed that consumer prices rose at their fastest pace since 1982.

Pepco Group Quarterly Revenue Rises on 161 Store Openings

Pepco Group, the owner of PEPCO, Poundland, and Dealz discount retailer brands in Europe, posted a 12% rise in its quarterly total revenue.

Fintech Firm Checkout’s Valuation Touches $40 Bln After Latest Funding

Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the financial technology.