India is now the favourite among its Asia-Pacific peers after its stock markets saw record-breaking rises this year. The Nifty 50 index hit yet another top on Tuesday, continuing its trend of setting new records. Now up over 15% so… Read More ›
Economy & Finance
Excited Markets Rise In Response To Rate Cut Indications
International stock markets surged to their greatest levels in more than a year and a half on Thursday, while borrowing prices and the value of the dollar fell as signs of impending rate cuts from the world’s most powerful central… Read More ›
With Rate Hikes Probably Over, The US Fed Now Considers When To Make Decreases
The U.S. central bank chairman, Jerome Powell, stated that the historic tightening of monetary policy is probably done as inflation declines more quickly than anticipated and that talks about lowering borrowing costs are starting to “come into view” as the… Read More ›
ADB Says Developing Asia Will Have A Better End To 2023 As China’s Economy Expands
The Asian Development Bank stated on Wednesday that developing Asia is projected to close the year on a more positive note, with growth in the area predicted to be stronger than previously believed mostly because of a resurgence in China’s… Read More ›
Argentina’s Milei Devalues The Currency Peso As Part Of “Shock Therapy”
According to the new government in Argentina, the value of the country’s currency will drop by more than 50% relative to the US dollar. President Javier Milei claims the nation needs “economic shock therapy” to address its greatest crisis in… Read More ›
US Anticipates Awarding Multibillion-Dollar Chips In The Upcoming Year
Within the next year, U.S. Commerce Secretary Gina Raimondo anticipates making about a dozen funding announcements related to semiconductor chips, including multibillion dollar announcements that have the potential to fundamentally alter U.S. chip production. She made the initial award announcement… Read More ›
South Korean Vehicle Battery Companies Compete With Their Chinese Counterparts But With Caution
South Korean manufacturers of automobile batteries have promised to provide a more reasonably priced battery chemistry that is preferred by their Chinese competitors in response to demand from customers looking to diversify away from China. However, executives and company officials… Read More ›
As COP28 Approaches Its Climax, Nations Divided Over Fossil Fuels
U.N. climate director Simon Stiell urged nations to cooperate in order to secure a final agreement for the summit, where they were debating whether to demand an end to fossil fuels, as the COP28 climate talks approached their critical point… Read More ›
Argentina’s New President Warns Of An Impending ‘Shock Treatment’ For The Economy
In his first speech as president, Argentina’s new far-right leader has promised to impose “shock treatment” on the economy. “There is no money” is the warning that Javier Milei gave the Argentine people, and he reiterated his commitment to a… Read More ›
Wishing For The $1 Trillion Base Trade To “Soft Land”
As the so-called “basis trade” comes to an end, hedge funds appear to be reducing their historically large short positions in U.S. Treasury futures. Regulators have cautioned that this unwind could seriously jeopardise the integrity of the financial system. With… Read More ›
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