The Bank for International Settlements (BIS) has issued a warning regarding the potential impact of rising government debt levels on global financial markets. Elections taking place around the world this year, including major events like the U.S. presidential vote and recent ones in Mexico and South Africa, pose significant risks. With global government debt already
Economy
French voters have embarked on a crucial journey as they began voting in the first round of a snap parliamentary election that could potentially lead to the country’s first far-right government since World War Two. This unexpected turn of events comes after President Emmanuel Macron’s centrist alliance was defeated in the European elections by Marine
China is facing a challenging economic situation as its manufacturing activity fell for a second consecutive month in June. Additionally, services activity also reached a five-month low. The National Bureau of Statistics (NBS) reported a purchasing managers’ index (PMI) of 49.5 in June, which was consistent with the previous month and below the 50-mark indicating
German Finance Minister Christian Lindner recently announced plans for significant personal income tax cuts to address the impacts of inflation. However, Lindner is facing pushback from members of his government coalition, including the social democratic SPD and the Greens. Despite this opposition, Lindner remains steadfast in his plans to implement tax cuts totaling 23 billion
A recent decision by U.S. District Judge Sean Jordan in Sherman, Texas, has temporarily blocked a Biden administration rule that would have extended mandatory overtime pay to 4 million salaried U.S. workers. This ruling has sparked debate and legal challenges, with significant implications for both employers and employees across the country. Legal Basis of the
Vietnam’s economy experienced a significant acceleration in the second quarter of this year, with gross domestic product expanding by an estimated 6.93% from a year earlier. This growth rate is faster than the 5.87% growth recorded in the first quarter, according to data released by the government’s General Statistics Office (GSO). The country’s economy expanded
The Nasdaq and the S&P 500 have hit record highs after an in-line inflation report provided hope for potential interest rate cuts in September. However, despite this positive development, certain key players in the market faced setbacks, such as Nike (NYSE:NKE) experiencing its largest one-day decline in over two decades due to a gloomy forecast.
Global equity funds experienced a significant increase in inflows during the week ending on June 26, marking the largest weekly net purchase since March 13. This surge was primarily driven by growing expectations of moderating U.S. inflation levels, which could potentially lead the Federal Reserve to announce interest rate cuts. Investors seem to be betting
In a recent legal battle, French drugmaker Servier lost its court fight against the European Union over a 331 million euro fine imposed in 2014. The fine was related to deals Servier made with other companies to delay the release of generic versions of its popular blood pressure medication, perindopril. The EU also fined several
Banks within the European Union may be overestimating the value of high-risk debt utilized to fill holes in capital buffers designed to offer protection during financial crises, according to the EU’s banking watchdog. The issuance of Additional Tier 1 (AT1) bonds, also referred to as contingent convertibles or CoCos, has become a popular strategy for
Amidst choppy early trade on Wednesday, Asian stocks struggled to find stability as investors awaited a key U.S. inflation reading. The yen lingered just below the 160 per dollar level, prompting concerns of potential intervention by Japanese authorities. Adding to the uncertain climate, hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations
Recent hints from the Bank of Japan (BOJ) suggest that a change in its monetary policy approach may be on the horizon. The central bank is considering the possibility of increasing its quantitative tightening (QT) plan, which could be accompanied by an interest rate hike. This potential shift comes as the BOJ aims to gradually