Economy

Asian shares plunged to their lowest level in a month on Tuesday as hawkish remarks from central bankers dampened expectations of interest rate cuts. MSCI’s broadest index of Asia-Pacific shares (excluding Japan) dropped 1%, reaching its lowest level since mid-December. Japan’s Nikkei, after an impressive six-session winning streak, dipped 0.7% away from Monday’s 34-year high.

As the Japanese equity market continues its relentless climb, investors are left wondering if there is anything that can stop its upward momentum. With not much on the Asian economic and policy calendar to sway the market, attention turns to the upcoming Japanese producer price figures, which could potentially give a pause to the bullish

Japanese stocks have started off the year 2024 with a bang, reaching three-decade highs. This surge in the market can be attributed to two key factors: a weaker yen and the expectations of persistently low interest rates. The Nikkei has experienced a remarkable 6% gain over the past two weeks, marking the best start to

The European Central Bank (ECB) is currently faced with the decision of whether or not to implement a series of interest rate cuts. In an interview with ECB chief economist Philip Lane, he stated that the ECB would have key data by June to make an informed decision. However, Lane also expressed caution about moving

China and Russia have recently achieved a significant milestone in their economic relationship, with two-way trade between the two countries reaching $240 billion in 2023, according to Chinese customs data. This record-breaking figure reflects their efforts in bolstering economic ties, despite the ongoing conflict in Ukraine and Western sanctions on Russia. China has emerged as

China’s exports experienced a welcomed boost in December, showcasing a faster growth rate compared to the previous month. However, it is important to recognize that deflationary pressures continued to persist, indicating the need for further policy easing measures to strengthen an economy that still bears significant weaknesses as it enters 2024. While this surge in

Argentina’s annual inflation rate has reached a staggering 211% in December, marking its highest level since the early 1990s. The newly-elected libertarian President Javier Milei has implemented tough austerity measures in an attempt to combat hyperinflation. This article will delve into the causes and consequences of Argentina’s skyrocketing inflation rate. As a response to the

The Federal Reserve officials have projected a possible cut in the benchmark overnight interest rate in 2024. However, the timing and pace of these reductions will depend on several key factors, including inflation and jobs data. The upcoming policy meeting of the Federal Reserve, scheduled for January 30-31, will provide further insight into the potential

The U.S. stock market closed higher on Wednesday, driven by strong performances from megacap companies. However, gains were limited as investors awaited inflation reports and major bank earnings later in the week. Despite the positive momentum, stocks have struggled to find consistent upward movement, with mixed economic data and Federal Reserve officials’ comments impacting investor

Treasury Secretary Janet Yellen has expressed her concerns over former President Donald Trump’s proposal to raise tariffs by 10% across the board. Yellen emphasized that such a plan would ultimately lead to increased costs for American businesses and consumers. While acknowledging the fact that tariffs can be appropriate in certain cases, Yellen indicated that implementing

As the deadline for a potential federal government shutdown looms in just ten days, U.S. Senate Republicans are raising concerns and emphasizing the need for a short-term funding measure. This measure, known as a continuing resolution (CR), would provide lawmakers with additional time to reach a consensus on full-year spending bills for 2024. However, this

Mongolia, a landlocked country rich in mineral resources, is aiming to double its GDP-per-capita to $10,000 by the end of the decade. However, achieving this ambitious goal requires significant investments in the mining and metals sector, which currently contributes a quarter of the country’s GDP and 90% of its exports. In an interview, Mongolia’s Finance