Argentina elected right-wing libertarian Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a...
Oil prices slumped to their lowest levels since early July on Thursday, putting pressure on the Opec+ group of major oil producers to consider extending and deepening production cuts when they meet...
17/11/2023
As they patch up their bond trading operations following the hack of Industrial and Commercial Bank of China, brokers are also piecing together how China’s largest lender became such a significant...
16/11/2023
Federal Reserve officials welcomed the latest data showing receding US inflation, while adding that there’s still a way to go before it reaches the central bank’s 2% target.Source: Bloomberg
15/11/2023
US Treasury Secretary Janet Yellen said she disagrees with Moody’s Investors Service’s shift to a negative outlook on the country’s Aaa credit rating, expressing confidence in the economy and in...
14/11/2023
Underlying US price pressures are seen advancing at a pace that backs apprehension among Federal Reserve officials to signal the all-clear in their inflation-fighting efforts.The consumer price index...
13/11/2023
On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick.Industrial & Commercial Bank of China Ltd.’s US unit had been hit by a...
10/11/2023
China’s deflation pressures worsened in October as consumer prices dipped back below zero and producer cost declines deepened, adding to expectations the economy needs more stimulus to shore up...
09/11/2023
Chinese Vice President Han Zheng and top ministers from Saudi Arabia and Singapore called for greater global cooperation at the New Economy Forum in Singapore, where discussions were dominated by...
08/11/2023
Australia’s central bank resumed raising interest rates on Tuesday in a widely anticipated move, while signaling a higher hurdle to further tightening that sent the currency lower.Source: Bloomberg
07/11/2023