Economics

Bank of England recommends tightening liquidity requirements for money market funds

According to the Financial Times, which cites the regulator's study, the management of the Bank of England suggests increasing the requirements for the share of highly liquid assets in the…
Published on October 11, 2023
By Iris Barker

Gold prices resume gains from seven-month low amid events in Israel

The price of gold started to grow following a seven-month low set last week due to the Israel's war with Hamas.
Published on October 10, 2023
By Iris Barker

Chinese spending on travel in the Golden Week grows weaker than expected

According to data from the Chinese Ministry of Culture and Tourism, domestic tourism spending by Chinese citizens over the Golden Week holidays in 2023 increased but showed results worse than…
Published on October 10, 2023
By Iris Barker

What Are Multinational Corporations With A Presence In Israel Doing In The Aftermath Of The Hamas Attack?

Following a catastrophic weekend attack by the Palestinian Islamist group Hamas, global corporations have temporarily closed some businesses in Israel and urged workers to work from home. Companies ranging from
Published on October 10, 2023
By Debdutta Ghosh

The US And Venezuela Are Negotiating Further Oil Sanctions Waivers – Reuters

Venezuela and the United States have made headway in talks that might provide sanctions relief to Caracas by permitting at least one extra foreign oil firm to take Venezuelan crude
Published on October 10, 2023
By Debdutta Ghosh

In A Competition Against The United States, China Aims For A 50% Increase In Processing Power

According to a plan announced by authorities on Monday, China intends to increase the country’s aggregate computing capacity by more than 50% by 2025, as Beijing increases its focus on
Published on October 9, 2023
By Debdutta Ghosh

The Attack On Israel Increases The Appeal Of Gold And Other Safe-Haven Assets

The violence that erupted in Israel this weekend has prompted a flight to safe-haven assets, as investors constantly monitor events in the Middle East to assess the geopolitical risk to
Published on October 9, 2023
By Debdutta Ghosh

US Treasury bonds yield hits 16-year high

After the release of data on the US labor market, yields on US Treasury bonds spiked dramatically in Friday's trading, reaching 16-year highs.
Published on October 8, 2023
By Iris Barker

High US Job Growth Supports Prospects Of A Rate Increase

More US jobs were added than was anticipated in the previous month, which increased speculation about potential future interest rate increases. In September, employers added 336,000 positions, more than double
Published on October 8, 2023
By Debdutta Ghosh

The Zombies’ Demise? Why A Rise In Company Failures Is Possible In 2024

In the first half of 2024, debt-ridden enterprises in Europe, the Middle East, and Africa will have to compete for $500 billion in refinancing, a struggle that could lead to
Published on October 7, 2023
By Debdutta Ghosh

Cheap Labour Isn’t The Only Advantage Of Asia, Whether It’s China, India, Or Japan – KKR Claims

Cheap Labour was formerly Asia’s competitive advantage. According to the heads of global and Asia macro at KKR, industrial services now give this region an advantage over China, India, or
Published on October 5, 2023
By Debdutta Ghosh

Singapore retains first place in the ranking of financial inclusiveness of economies

Singapore continues to lead the list of nations with the highest levels of financial inclusion, or the population's access to high-quality financial goods, writes CNBC.
Published on October 5, 2023
By Iris Barker

Economy Of The Euro Zone Probably Shrank In The Third Quarter

According to a survey, the demand for goods and services declined in September at the sharpest rate in almost three years as indebted consumers restrained their spending in the face
Published on October 4, 2023
By Debdutta Ghosh

World’s Largest Bond Markets Have Been Affected

On Wednesday, a relentless selloff in global government bonds pushed German 10-year yields to 3% and U.S. 30-year Treasury yields to 5% for the first time since 2007, actions that
Published on October 4, 2023
By Debdutta Ghosh

World Bank: South Asia will lead GDP growth among developing regions

According to the South Asia Development Update study from the World Bank (WB), South Asia will have the fastest rate of growth among developing nations in the next years.
Published on October 4, 2023
By Iris Barker

Soon, Hedge Firms Plan To Sell Up To $30 Billion Worth Of Stocks Using Computers – Says UBS

Given the receding stock markets, hedge funds that trade stocks on computers anticipate starting to sell in the next two weeks to the tune of $20 billion to $30 billion,
Published on October 3, 2023
By Debdutta Ghosh

US Officials Told China To Expect Revised Export Restrictions In October – Reuters

According to a U.S. official, the Biden administration issued a warning to Beijing about its plans to amend regulations that limit the export of AI chips and chip-making equipment to
Published on October 3, 2023
By Debdutta Ghosh

Shoe maker Birkenstock plans to raise up to $1.6B from IPO

The initial public offering of German footwear manufacturer Birkenstock Holding Ltd. at the New York Stock Exchange is expected to raise up to $1.6 billion, the company stated.
Published on October 3, 2023
By Iris Barker

The Impact Of China-West Tensions On World Markets

Rising trade barriers, tech competition, and eavesdropping allegations are just a few of the factors contributing to tensions between the West and China. As Washington and Beijing work to reduce
Published on October 2, 2023
By Debdutta Ghosh

Due To A Slowing China, The World Bank Lowers Its Prediction For Development In Developing East Asia

In light of a slowing China, weak global demand, persistently high interest rates, and sluggish trade, the World Bank lowered its growth prediction for developing East Asia and the Pacific.
Published on October 2, 2023
By Debdutta Ghosh

Warm Weather Challenges The Holiday Shopping Season As Heavy Winter Sweaters And Coats Pile Up In Stores

As the crucial holiday shopping season draws near, executives at big retailers like H&M claim that unseasonably warm autumn weather from the United States to Europe is hurting sales of
Published on September 29, 2023
By Debdutta Ghosh

As The Economy Sputters, Euro Zone Inflation Drops To Its Lowest Level In Two Years

In September, the euro zone’s inflation rate dropped to its lowest level in two years, signalling that the European Central Bank’s steady diet of interest rate increases was working to
Published on September 29, 2023
By Debdutta Ghosh

Bank of America expects soft landing of the US economy

According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn.
Published on September 28, 2023
By Iris Barker

A Record Number Of Chinese To Spend Their Holidays At Home As The Economic Downturn Strikes

This Golden Week holiday, a record number of Chinese people are choosing to stay at home instead of travelling, which could increase domestic consumption but dismays travel agencies who have
Published on September 28, 2023
By Debdutta Ghosh

U.S. bank deposits decline for the year, first time in history

The overall volume of deposits in the U.S. banking sector decreased in annualized terms for the first time from 1994, since S&P Global Market Intelligence started performing such estimates.
Published on September 28, 2023
By Iris Barker

Share of US companies with investment rating in convertible bond market hits 30%

U.S. companies with investment-grade ratings are becoming more active in placing convertible bonds as they attempt to limit losses from rising borrowing costs brought on by aggressive rate hikes by…
Published on September 27, 2023
By Iris Barker

IEA urges to cut fossil fuel demand by 25% by 2030

According to a report by the International Energy Agency (IEA), the demand for fossil fuels must be reduced by 25% by the end of the decade in order to stop…
Published on September 27, 2023
By Iris Barker

Japan Will Put Together An Economic Package To Lessen The Sting Of Inflation

The components of a new economic stimulus package that will be put together next month to assist households in easing the pain of price increases and improve salaries were presented
Published on September 26, 2023
By Debdutta Ghosh

Investments Throughout The Rest Of Southeast Asia May Increase As A Result Of Indonesia’s EV Ambitions

Global investors have been drawn to Indonesia by its EV-friendly policies, but experts believe there is potential for even greater investment growth in Southeast Asia’s automotive sector as a whole.
Published on September 25, 2023
By Debdutta Ghosh

After A Massive Rate Hike Run, Central Banks In Europe Stop For Breath, But They Are Faced With A “Triple Dilemma”

European households and companies continue to experience high inflation, and the region’s central banks have not yet declared success in bringing it down to target. However, September saw a shift
Published on September 25, 2023
By Debdutta Ghosh

Goldman forecasts record growth rise in credit card delinquencies in USA

The percentage of credit card payments that are past due will increase at the fastest rate in 30 years in the United States, excluding the time of the financial crisis…
Published on September 24, 2023
By Iris Barker

Former Chinese Official Claims Even China’s 1.4 Billion People Cannot Occupy All The Vacant Dwellings

Even China’s 1.4 billion people wouldn’t be able to fill all the vacant flats strewn around the nation, a former official claimed on Saturday in a rare instance of public
Published on September 24, 2023
By Debdutta Ghosh

Bank Of Japan Maintains Rates At Current Levels Due To “Extremely High Uncertainties”

Given the “extremely high uncertainties” surrounding the prospects for both domestic and international development, the Bank of Japan kept its ultra-loose monetary policy and left interest rates unchanged on Friday.
Published on September 23, 2023
By Debdutta Ghosh

South Korea Requests The US To Address Chip Trade Difficulties

According to South Korea, the United States has been contacted to clarify any ambiguities over incentives for chip investment and export restrictions. Before the year-long waiver for Samsung Electronics and
Published on September 22, 2023
By Debdutta Ghosh

The ‘Battle Of A Hundred Models’ Among China’s AI Models Is About To Come To An End

A flurry of product announcements from startups and IT giants have been made nearly daily as a result of China’s obsession with generative artificial intelligence, but investors are warning that
Published on September 22, 2023
By Debdutta Ghosh

The US Fed Opts Not To Raise Rates But Predicts They Will Remain Higher For Longer

In a statement issued on Wednesday, the US Federal Reserve left interest rates constant while also signalling it still anticipates one more increase before the end of the year and
Published on September 21, 2023
By Debdutta Ghosh

After A Surprising Increase In Inflation, The Bank Of England Is Set To Raise Rates Again

One day after showing evidence that it had made progress in addressing Britain’s high inflation issue, the Bank of England is expected to announce if it is ending a series
Published on September 21, 2023
By Debdutta Ghosh

Global debt reaches record $307T in the first half 2023

The Financial Times reported that global debt hit a record $307 trillion in the first half of the year, referring to information from the Institute of International Finance (IIF).
Published on September 20, 2023
By Iris Barker

UK Inflation Drops To 6.7%, Less Than Anticipated, As Food Costs Decline

Inflation in the UK unexpectedly fell to 6.7% in August, which was below estimates and strengthened wagers on the Bank of England pausing interest rate increases on Thursday. The headline
Published on September 20, 2023
By Debdutta Ghosh

Asian Development Bank Lowers Regional Growth Prediction Due To The Weakening Of The Chinese Real Estate Market

Due to China’s troubled real estate market and the region’s ongoing high interest rate environment, the Asian Development Bank lowered its regional growth prediction for 2023 to 4.7%. This represents
Published on September 20, 2023
By Debdutta Ghosh

Reuters Claims Turkey, A NATO Member, Bought Russian-Annexed Ukrainian Coal

According to Russian customs data examined by Reuters, at least $14.3 million worth of coal generated in regions of Ukraine that Russia has annexed has been transferred to NATO member
Published on September 19, 2023
By Debdutta Ghosh

Chinese Central Bank lifts restrictions on gold imports for banks

According to sources cited by the Financial Times, the People's Bank of China (PBOC), the nation's central bank, has relaxed temporary limits on gold imports placed on some financial institutions…
Published on September 18, 2023
By Iris Barker

A Strike, A Government Shutdown, And Student Loans Might Add Ice To The US Fed’s Efforts To Curb Spending

Officials from the US Federal Reserve, who have hesitantly accepted the idea that they might be able to stop inflation without a recession, will meet this week with new dangers
Published on September 18, 2023
By Debdutta Ghosh

FTSE 100 hits weekly maximum for 10 months

Due to encouraging information on the state of the Chinese economy, stock indices of the biggest Western European nations ended trading on Friday with gains.
Published on September 18, 2023
By Iris Barker

World’s Largest Shipping Company, Maersk, Is Noticing Early Signs Of A Recovery In Global Commerce

The CEO of shipping giant Maersk claims that there are early signs of a recovery in world trade. “Barring any negative surprises, we would hope for a slow pickup as
Published on September 15, 2023
By Debdutta Ghosh

China’s Economy Appears To Be Improving, But Property Market Collapse Threatens Outlook

August saw stronger increases in manufacturing output and retail sales in China, but falling investment in the crisis-hit real estate sector threatens to undermine a flurry of support measures that
Published on September 15, 2023
By Debdutta Ghosh

Fitch raises 2023 global GDP growth forecast to 2.5%

The 2024 estimate was downgraded to 1.9%.
Published on September 15, 2023
By Iris Barker

China Criticises The ‘Protectionist’ EU Investigation While China’s EV Stocks Decline

As shares in Chinese EV manufacturers fell, Beijing criticised the European Commission’s decision to open an investigation into China’s electric vehicle (EV) subsidies as protectionist and warned that it would
Published on September 14, 2023
By Debdutta Ghosh

Bloomberg: Expect the largest deficit of oil on the world market since 2007

Due to Saudi Arabia's drop in output, the global oil market may see a supply shortage of around 3.3 million barrels per day in the fourth quarter, reports Bloomberg referring…
Published on September 13, 2023
By Iris Barker

Societe Generale and Brookfield to create €10B direct lending fund

According to a statement from the bank, French bank Societe Generale and the Canadian investment firm Brookfield Asset Management will put €10 billion into a direct lending fund.
Published on September 12, 2023
By Iris Barker
Previous 1…2728293031…101 Next