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Global Vaccine Inequity: Rich Nations Hold Stockpiles As Africa Battles Mpox Outbreak 09/12/2024

Gold Surges To Record High As Dollar Weakens: Implications Of U.S. Fed's Potential Rate Cut 09/13/2024

GM and Hyundai plan partnership in car production and green technology 09/13/2024

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Economics

Mercosur wants to oust Venezuela from the block

Countries of the South American trading block Mercosur may exclude Venezuela from its membership because of elections to the National Constituent Assembly, Paraguayan Foreign Minister Eladio Loizaga said. Venezuela’s membership in the trading block was temporarily suspended in December 2016 after...

Swiss banks paid $ 1 billion at low rates

Swiss banks paid 970 million Swiss francs ($ 1 billion) at negative interest rates in the first half of 2017, which is 40% more than in the same period last year, as customers continue to accumulate cash. The Swiss National Bank (SNB) charges a fee of 0.75% of large deposits in the central bank,...

U.S. Economic Pickup In Second Quarter Likely Spurred By Consumers And Businesses

The sluggish performance early in the year was temporary could be confirmed in the second quarter as consumers ramped up spending and businesses invested more on equipment and hence the U.S. economy is likely accelerated. According to a Reuters survey of economists, there has been a...

Worldwide, Stock Markets Feel Ripple Of Amazon’s Wobble

With Asian stocks retreating from recent highs and European tech shares opening sharply lower, an earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets on Friday. As Amazon’s rapid and costly expansion into new shopping categories and...

After Trump Steps Back, Europe Seeks To Set Global Trade Rules

For the European Union, the next best thing could be Donald Trump's ditching of a U.S.-led trade alliance with Pacific Rim nations even if wasn't a gift to the EU. The United States was effectively pulled out of the race to frame global trade rules by the president's decision on his first...

Great Britain to abandon LIBOR by 2021

Use of the London Interbank Offering Rate (LIBOR) will be discontinued by the end of 2021, as regulators and banks in the UK want to replace the rate with a more reliable system, reports Bloomberg. Andrew Bailey, head of the Financial Conduct Authority (FCA), which regulates LIBOR, said that the...

In Ongoing Post-Brexit Trade Pursuit, UK To Tap Mexico After US

In order to launch discussions for a post-Brexit deal as part of the Britain's ongoing efforts to secure its trading future outside of the EU, the U.K.'s International Trade Secretary Liam Fox is visitng Mexico after the U.S. In order to discuss continuing trade cooperation between...

Sweet Taste For Carrefour, Biotoscana Left By Big Week For Brazil IPOs

As a nascent economic recovery and the passage of key economic reforms helped to lure global investors, the busiest week for initial public offerings in Brazil in four years ended last week end on an upbeat note for issuers. In a Friday IPO, 1.34 billion reais ($426.7 million) was raised...

To Stem Steadiest Fund Outflow Since 2009, S&P 500 Failing To Record Low

There are telltale signs of fading enthusiasm in U.S. stocks which have become increasingly difficult to ignore even as the S&P 500 Index clawed its way to a fresh record and squeezed out a third consecutive weekly gain. The SPDR S&P 500 Trust, the biggest exchange-traded fund...

As Athens Considers Return To Bond Market, A Third Of Greeks At Risk Of Poverty

Analysts say that there are many structural problems that have yet to be resolved to make the Greek economy more sustainable even as the government might be preparing to return to the bond market. A third financial program since 2010 is being run Greece at the moment which should end next...