China’s central bank, the People’s Bank of China (PBOC), decided to leave the key policy rate unchanged as expected on Sunday. This decision came as the central bank rolled over maturing medium-term loans, with uncertainties surrounding the timing of potential easing by the Federal Reserve limiting Beijing’s options in terms of monetary policy adjustments. The
Economy
The U.S. stock market experienced a decline on Friday, with the Nasdaq being the most affected, following a report showing higher-than-expected producer prices. This unexpected increase in producer prices has fueled concerns about rising inflation, leading investors to question the possibility of immediate interest rate cuts by the Federal Reserve. These fears have overshadowed the
In a recent speech to the Money Marketeers of New York University Inc, Federal Reserve Bank of Atlanta President, Raphael Bostic, expressed cautious optimism regarding inflation pressures in the United States. While acknowledging progress in slowing down inflation, Bostic emphasized the need for continued vigilance before considering interest rate cuts. This article examines Bostic’s remarks
Airbus, the world’s largest commercial planemaker, recently announced higher 2023 results, showcasing its ability to thrive in the aviation industry. With a 4% increase in core adjusted operating profit to 5.8 billion euros and an 11% rise in revenue to 65.4 billion euros, the company has demonstrated its financial strength. Furthermore, Airbus predicts a core
Asian shares took a hit on Wednesday as Wall Street’s negative performance and a stronger dollar led traders to reduce their expectations for rate cuts by the Federal Reserve. This shift came after an unexpected increase in U.S. inflation, which raised the consumer price index (CPI) by 3.1% on an annual basis, surpassing forecasts of
The Nikkei, Japan’s benchmark stock index, continues its impressive run in 2024, reaching yet another 34-year peak. With the yen teetering towards the closely watched 150 per dollar level, the Nikkei shows no signs of slowing down. This year alone, the index has breached multi-decade highs almost every other day, inching closer to its all-time
The global stock market has been on a steady rise over the past few weeks, with European stocks opening higher on Monday and world equities reaching their highest levels in more than two years. Investors are eagerly awaiting U.S. inflation data scheduled for release later this week, as it is expected to provide insights into
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed her confidence in the global economic outlook despite uncertainties surrounding war and geopolitics. Speaking at the World Governments Summit in Dubai, Georgieva highlighted the resilience of the global economy in the face of challenges. This positive outlook comes as a surprise to many
The U.S. Senate is moving forward with a bill that includes a significant aid package of $95.34 billion for Ukraine, Israel, and Taiwan. However, the path to turning this bill into law is uncertain due to opposition from Republican lawmakers in both chambers of Congress. The Senate recently voted 64-19 to advance the legislation, but
The US stock market has been reaching new heights recently, with the S&P 500 breaching the 5,000-mark for the first time. Investor optimism was further fueled by the strong earnings reported by companies benefiting from the artificial intelligence boom. However, market participants are now eagerly awaiting the release of inflation data, as it could provide
Asian markets have largely followed the positive trend set by Wall Street, although Chinese stocks are facing difficulties sustaining a rally. Japan’s Nikkei soared by 1.5%, while the broadest index of Asia-Pacific shares outside Japan, MSCI, rose by 0.2%. However, gains in Australia and South Korea were offset by a 0.2% decline in Hong Kong’s
The landscape of television is rapidly changing, and media companies are adapting to capture the attention of younger viewers who are not tuned in to traditional TV. Fox Corp, Walt Disney’s ESPN, and Warner Bros Discovery have announced the launch of a sports streaming service that aims to cater to the interests of sports fans.