Elon Musk said Tesla could deliver as many as 2mn cars this year after the electric vehicle maker dramatically cut prices across its portfolio to prioritise expansion of its customer base at the...
Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.Source: Bloomberg
25/01/2023
Just before US Treasury Secretary Janet Yellen will visit South Africa as part of a renewed focus on the continent, she got a stark example of the challenges Washington faces in countering influence...
24/01/2023
Top US investment management firms are going on a hiring spree in Europe as draconian anti-Covid measures and rising geopolitical tensions have pushed them to redouble their search for growth outside...
23/01/2023
Two top Federal Reserve officials said high interest rates were needed to keep pressuring inflation that’s showing signs of slowing but is still too rapid.Source: Bloomberg
20/01/2023
The best start to a year for bond returns is helping fuel an unprecedented debt-sale bonanza by governments and companies around the world of more than half a trillion dollars.Source: Bloomberg
19/01/2023
The Bank of Japan has defied market pressure and left its yield curve control measures unchanged, sending the yen diving and pushing stocks higher as it stuck to a core pillar of its ultra-loose...
18/01/2023
Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of “...
17/01/2023
China’s sudden reopening is set to offer a boost to a flagging world economy.The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack...
16/01/2023
US inflation continued to slow in December, adding to evidence price pressures have peaked and putting the Federal Reserve on track to again slow the pace of interest-rate hikes.Source: Bloomberg
13/01/2023